Leonardo DRS presentation - July 2022

Rhea-AI Summary

RADA Electronic Industries Ltd. (NASDAQ: RADA) is a defense technology company based in Israel, specializing in software-defined tactical radars and avionics systems. Recently, the company released an investor brief related to Leonardo DRS. RADA is recognized for its mini-tactical radars catering to high-growth markets such as critical infrastructure, military protection, and counter-drone applications. The press release includes forward-looking statements, highlighting potential risks like defense budget changes, economic fluctuations, and product demand uncertainties.

NETANYA, Israel, July 11, 2022 (GLOBE NEWSWIRE) -- RADA Electronic Industries Ltd. (NASDAQ: RADA, TASE: RADA), a leading global provider of advanced software-defined tactical radars for the maneuver force, is releasing the current Leonardo DRS investor brief.

About RADA

RADA is a global defense technology company focused on proprietary radar solutions and legacy avionics systems. The Company is a leader in mini-tactical radars, serving attractive, high-growth markets, including critical infrastructure protection, border surveillance, active military protection and counter-drone applications.

Forward Looking Statements

Certain statements in this press release are “forward-looking statements” within the meaning of the Private Securities Litigation Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially. Such risk uncertainties and other factors include, but are not limited to changes in defense budgets, changes in general economic conditions, impacts of the coronavirus, risks in product and technology developments, market acceptance of new products and continuing product demand, level of competition and other factors described in the Company’s Annual Report on Form 20-F and other filings with the Securities and Exchange Commission.

Company Contact: Avi Israel (CFO) Tel: +972-76-538-6200         mrkt@rada.com www.rada.com

Investor Relations Contact: GK Investor Relations Ehud Helft Tel: 1 212 378 8040 ehud@gkir.com

A PDF accompanying this announcement is available at http://ml.globenewswire.com/Resource/Download/4c856097-504f-4964-9048-8b6e639bdf43

FAQ

What does RADA Electronic Industries do?

RADA Electronic Industries focuses on advanced software-defined tactical radars and avionics systems, serving markets like military protection and border surveillance.

What are the risks mentioned in RADA's press release?

The risks include changes in defense budgets, economic conditions, and uncertainties in product demand and technology development.

When was RADA's investor brief released?

The investor brief was released on July 11, 2022.

What is RADA's stock symbol?

RADA's stock symbol is RADA, traded on NASDAQ.