Company type | Public |
---|---|
Nasdaq: RADA | |
Industry | Defense |
Founded | 8 December 1970 |
Founder | David Reitner [1] |
Headquarters | , Israel |
Key people | Dov Sella (CEO) Yossi Ben Shalom (executive chairman) |
Products | Radar systems & avionics systems |
Services | Aircraft upgrade |
Revenue | ![]() |
![]() | |
![]() | |
Website | rada |
RADA Electronic Industries Ltd. is a global defense technology company focused on proprietary radar and legacy avionics systems. It includes RADA Electronic Industries and its U.S-based subsidiaries in its development, manufacture and sale of goods designed primarily for the defense industry and aerospace markets. [5] Its products include software-defined tactical radars, inertial navigation systems and avionics parts. Founded in 1970, it is traded on the NASDAQ Capital Market since 1985.
RADA Electronic Industries was founded in 1970 by David Reitner. [6] In 1998, owing to pressure from Boeing, Niessenson retired from his position as CEO of the company. Herzl Boedinger, who was RADA's international marketing manager and president of the U.S.-based subsidiary, and who had earlier served as commander of the Israeli Air Force, became president and CEO of RADA. [7] In 2007, Zvi Alon, who was vice president of marketing and sales and had in the 1980s been involved in the Lavi Project, took on the role of CEO. [8] [9]
In November 2016, RADA Electronic Industries announced the appointment of Dov Sella, its chief business development officer, as the company's executive officer.
Since 2016, the company is focused on developing, manufacturing and selling software defined, tactical radar systems for multiple applications such as Active Protection Systems (APS) for combat vehicles, Short-Range Air Defense (SHORAD) for the maneuver force (including Counter-UAS), and Counter Rockets/Artillery/Mortars (C-RAM) systems.
In 2017, the company supplied over a hundred radar systems to the United States Marine Corps. [10] In 2018, the radars were integrated into Rafael's advanced anti-drone defense system for the British Army C-UAS capability. [11] into Leonardo DRS mission equipment package (MEP) for the US Army Initial Maneuver-Short Range Air Defense (IM-SHORAD) capability, into an anti-drone warfare system for the United States Department of Defense against unmanned aerial system (UAS) threats, and into the Israeli Iron Fist Active Protection System for the US Army Bradley Brigade. It opened headquarters and a manufacturing facility in Germantown, Maryland (RADA USA), to develop a local tactical radar market for the U.S. military. [12]
In 2019 RADA's radars took part in various defense missions, including the knock-down of an Iranian drone in the Strait of Hormuz by the United States Marine Corps all-terrain vehicle, which was equipped with an anti-drone detection and jamming system. [13] The growing demand for tactical radars together with the increase in sales by RADA USA, led to the doubling of the yearly revenue and of the share price. In 2020, General Dynamics Land Systems (GDLS) was awarded a $1.2 billion contract by the U.S. Army to produce, test and deliver IM-SHORAD systems, which integrates RADA’s Multi-mission Hemispheric Radar (MHR). [14]
In June 2022 the US subsidiary of the Italian defense conglomerate Leonardo, Leonardo DRS, agreed to an all share acquisition of the US subsidiary of RADA Electronic Industries. The new Leonardo subsidiary will be listed on the Nasdaq and Tel Aviv stock exchanges under the name DRS with RADA shareholders keeping 19.5% of the combined business and Leonardo holding the remainder. [15]
The AAI RQ-7 Shadow is an American unmanned aerial vehicle (UAV) used by the United States Army, Australian Army, Swedish Army, Turkish Air Force and Italian Army for reconnaissance, surveillance, target acquisition and battle damage assessment. Launched from a trailer-mounted pneumatic catapult, it is recovered with the aid of arresting gear similar to jets on an aircraft carrier. Its gimbal-mounted, digitally stabilized, liquid nitrogen-cooled electro-optical/infrared (EO/IR) camera relays video in real time via a C-band line-of-sight data link to the ground control station (GCS).
An unmanned aerial vehicle (UAV), commonly known as a drone, is an aircraft without any human pilot, crew, or passengers on board. UAVs were originally developed through the twentieth century for military missions too "dull, dirty or dangerous" for humans, and by the twenty-first, they had become essential assets to most militaries. As control technologies improved and costs fell, their use expanded to many non-military applications. These include aerial photography, area coverage, precision agriculture, forest fire monitoring, river monitoring, environmental monitoring, policing and surveillance, infrastructure inspections, smuggling, product deliveries, entertainment, and drone racing.
ISTAR stands for intelligence, surveillance, target acquisition, and reconnaissance. In its macroscopic sense, ISTAR is a practice that links several battlefield functions together to assist a combat force in employing its sensors and managing the information they gather.
AAI Corporation is an aerospace and defense development and manufacturing firm, located in Hunt Valley, Maryland, US. Formerly a wholly owned subsidiary of United Industrial Corporation, AAI was acquired by Textron in 2007. It currently operates as a unit of Textron Systems and employs more than 2,000.
The M230 Cannon is a 30 mm (30×113 mm), single-barrel electrically-driven autocannon, using external electrical power to cycle the weapon between shots. It was designed and manufactured originally by Hughes Helicopters in Culver City, California. As of 2019, it is produced by Northrop Grumman Innovation Systems.
Elbit Systems Ltd. is an Israel-based international military technology company and defense contractor. Founded in 1966 by Elron, Elbit Systems is the primary provider of the Israeli military's land-based equipment and unmanned aerial vehicles. It is an important company within the defense industry of Israel.
General Atomics (GA) is an American energy and defense corporation headquartered in San Diego, California, that specializes in research and technology development. This includes physics research in support of nuclear fission and nuclear fusion energy. The company also provides research and manufacturing services for remotely operated surveillance aircraft, including the Predator drones, airborne sensors, and advanced electric, electronic, wireless, and laser technologies.
The AN/MPQ-64 Sentinel is an X-band electronically steered pulse-Doppler 3D radar system used to alert and cue Short Range Air Defense (SHORAD) weapons to the locations of hostile targets approaching their front line forces. It is currently produced by Raytheon Missiles & Defense.
Selex ES was a subsidiary of Finmeccanica, active in the electronics and information technology business, based in Italy and the UK, and formed in January 2013, following Finmeccanica's decision to combine its existing SELEX Elsag and SELEX Sistemi Integrati businesses into SELEX Galileo, the immediate predecessor of Selex ES. From 1 January 2016, the activities of Selex ES merged into Leonardo-Finmeccanica's Electronics, Defence and Security Systems Sector becoming Leonardo S.p.A.
The Elbit Hermes 450 is an Israeli medium-sized multi-payload unmanned aerial vehicle (UAV) designed for tactical long endurance missions. It has an endurance of over 20 hours, with a primary mission of reconnaissance, surveillance and communications relay. Payload options include electro-optical/infrared sensors, communications and electronic intelligence, synthetic-aperture radar/ground-moving target indication, electronic warfare, and hyperspectral sensors.
Aeronautics Ltd. is an Israeli company specializing in the manufacturing of Unmanned Aerial Systems for military uses. Since its establishment in 1997, the company has sold its products to more than 20 defense, military and homeland security customers in 15 countries. Its headquarters are in Yavne, Israel.
Leonardo DRS, formerly DRS Technologies, Inc., is a US-based defense contractor. Previously traded on the NYSE, the company was purchased by the Italian firm Finmeccanica in October 2008.
The Falco is a tactical unmanned aerial vehicle (UAV) designed and produced by Selex ES. The UAV is designed to be a medium-altitude, medium-endurance surveillance platform capable of carrying a range of payloads, including several types of high-resolution sensors. A larger variant, the Falco EVO, is capable of carrying larger payloads is also available. Neither system is designed to carry weapons, The launch customer, Pakistan, reportedly wanted the Falco armed, a request that Italy rejected.
LIG Nex1 Co., Ltd., formerly known as NEX1 Future is a South Korean aerospace manufacturer and defense company. It was established in 1976 as Goldstar Precision. LIG Nex1 was previously owned by LIG Holdings Company, which in turn was owned by the LIG Group. In 2013, a consortium led by South Korea private equity firm STIC Investments acquired 49 percent stake in LIG Nex1 for 420 billion Korean won.
The ELM-2084 is an Israeli ground-based mobile 3D AESA multi-mission radar (MMR) family produced by ELTA, a subsidiary of Israel Aerospace Industries.
A loitering munition, also known as a suicide drone, kamikaze drone, or exploding drone, is a kind of aerial weapon with a built-in warhead that is typically designed to loiter around a target area until a target is located, then attack the target by crashing into it. Loitering munitions enable faster reaction times against hidden targets that emerge for short periods without placing high-value platforms near the target area and also allow more selective targeting as the attack can be changed mid-flight or aborted.
The Raytheon Coyote is a small, expendable, unmanned aircraft system built by the Raytheon Company, with the capability of operating in autonomous swarms. It is launched from a sonobuoy canister with the wings deploying in early flight phase.
The Multi-Mission Launcher (MML) is an open-systems architecture multi-role missile launching system created by the United States Army's Aviation and Missile Research, Development, and Engineering Center.
Drone Dome is a counterunmanned air system (C-UAS) anti-aircraft system developed by Israel-based miltech Rafael Advanced Defense Systems. The system was first displayed in 2016, and joins similar protection systems developed by Rafael such as the Iron Dome.
The SQA eVTOL is a tactical reconnaissance UAV classified as a NATO class 1 mini tactical drone with less than 15kg MTOW. It was developed and built by C-Astral Aerospace Ltd from Ajdovscina in Slovenia. The development is based on the combat-proven and NATO-operated Bramor and Atlas family of legacy UAS.
Founded in 1970 by David Reitner, RADA Electronic Industries Ltd
Mr. Zvi Alon has served as Chief Executive Officer of Rada Electronic Industries Ltd. since July 2007.
קודם להצטרפותו לראדא, שירת אלון במשך 11 שנה בתפקיד טייס קרב ותובלה בחיל האוויר הישראלי והיה חבר בצוות הפיתוח של מטוס הלביא.