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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Rada Electronics Industries Limited | NASDAQ:RADA | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 9.87 | 10.00 | 9.38 | 0 | 01:00:00 |
The system will be used for the Israeli Defense Forces’ (IDF) Eitan new eight-wheeled Armored Fighting Vehicle (AFV) and the D-9 Bulldozer.
The selection of the Iron Fist for the IDF’s Eitan AFV comes on the heels of the decision by the U.S. Army to proceed with the Iron Fist APS for its Bradley AFVs.
Iron Fist current configuration includes optical sensors, RADA’s CHR radar, launchers and countermeasure munitions to defeat threats at a safe distance from the defended combat vehicles. The system provides full hemispherical protection coverage for close-range scenarios in both open terrain and urban environments. Its low size and weight, versatile high-performance, minimal residual penetration and ease of integration, position Iron Fist, along with RADA’s radars, as the optimal APS solution for any fighting vehicle.
Dov Sella, RADA’s CEO, commented, “we are working with Elbit/IMI for over a decade on the development and testing of the Iron Fist APS, and have continuously improved our radar capabilities. These persistent efforts were finally recognized by the IMOD. We estimate the total available market of radars for APS at over $2.5 billion globally, and based on the Israeli and US selections of the Iron Fist, we anticipate accelerated global interest by many modern armed forces who seek to enhance defensive capabilities for their AFVs”.
About RADA
RADA Electronic Industries Ltd. is an Israel-based defense electronics contractor. The Company specializes in the development, production, and sales of Tactical Land Radars for Force and Border Protection, and Avionics Systems (including Inertial Navigation Systems) for fighter aircraft and UAVs.
Company Contact:Avi Israel, CFOTel: +972-9-892-1111 mrkt@rada.comwww.rada.com | Investor Relations Contact:GK Investor RelationsEhud Helft/Gavriel FrohweinTel: 1 646 688 3559rada@gkir.com |
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