Rada Electronic Industries (RADA) Stock News, May-Jun 2020

RADA Electronic Industries Ltd. (NASDAQ: RADA) reported over $25 million in new orders during April and May 2020, achieving a record for this two-month period. Total new orders in 2020 have reached $41 million, more than double the $19 million from the same time in 2019. Most orders were for RADA's software-defined tactical radars aimed at counter UAV and short-range air defense, primarily from new defense customers. CEO Dov Sella expressed confidence in ongoing growth due to these developments, stating profitability was reached ahead of schedule and emphasizing expected operating profit increases.