RADA - RADA Electronic Industries Is Starting To Enjoy The Fruits Of Its Investments

• RADA has seen great revenue growth, which is set to continue for the foreseeable future, especially as the APS market is set to take off from 2023 onwards.
• It has even greater operational leverage, which is also likely to continue.
• RADA has a strong balance sheet and a stock price that has lingered with valuations becoming attractive.
• There are some minor concerns, but we think none of these is too serious.
• RADA experienced limited headwinds from the pandemic last year and defense spending isn't very susceptible to the business cycle.

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