RADA sees 60% revenue growth in 2021

• Author: Shiri Habib-Valdhorn
• Date: 21 December 2020
• Published date: 21 December 2020

RADA's expected 2020 revenue of $75 million, is up 70% from 2019.

At the end of last week, RADA reported $23 million in new orders for the US Army and from Elbit/IMI for the Iron Fist active protection system.

RADA said that the majority of revenue in 2021 will be from the company's growth engine: multi-mission, software-defined tactical radar systems, especially in the US market.

RADA CEO Dov Sella said, "We continue to experience an unprecedented period of growth for our Company, driven by our new and growing market of tactical radars. The new orders received throughout the past year, along with our very healthy pipeline for our tactical...