RADA - RADA Electronic Industries: More Upside In 2020 On Strong Sales Momentum
Israel based RADA Electronic Industries Ltd. (NYSE:RADA) develops and manufactures tactical ultra-mobile radars, including special applications described as "counter-drone radar systems". Within the broader defense industry, the company's core products are in high demand supported by ongoing tensions in the Middle East including a terrorist drone strike on Saudi Arabia's oil facilities in 2019. More recent developments into 2020 including U.S. military operations in Iraq have supported the sentiment towards the stock. What we find is that beyond these headlines, the company is presenting strong sales momentum and expected to reach profitability in