RADA - RADA nabs $5M in initial pre-orders for its advanced exMHR radar platform
RADA Electronic Industries (NASDAQ:RADA) trades 4.1% higher premarket after it received production orders and commitments from customers, totaling $5M, for its new and innovative exMHR radar platform. This new software-defined radar platform is in advanced integration and testing stages, while field tests and demonstrations are scheduled to commence in early 2022. Deliveries to customers will commence in mid-2022. The exMHR is a cutting-edge software defined, multi-mission 4D AESA pulse-Doppler radar platform and is focused on Short-Range Air Defense, Counter-UAS, Counter-Rockets, Artillery and Mortars and gap-filling operational missions.
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RADA nabs $5M in initial pre-orders for its advanced exMHR radar platform