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Despite a slip in a few big-name defense industry suppliers like Boeing (BA) and LockheedMartin (LMT), a little known company called RADA (RADA) already doubled from 52-week lows. The company escaped damage from the coronavirus pandemic as it reported no material financial impact. The company started deliveries to U.S. customers. Its manufacturing is running uninterrupted. So, after RADA stock formed a “multiple tops” at just below $7.00 and pulled back to $6.20 recently, should investors pile onto this stock?
RADA forecast over $65 million in revenue for 2020,