RADA - RADA secured $23M in orders for the months of November and December; shares +4%

RADA Electronic ([[RADA]] +4.1%) announces the receipt of $23M in accumulated new orders for the months of November and December 2020, to-date.The vast majority of these recent $23M in new orders, is for RADA's software-defined tactical radars.The aggregate total of new orders received during 2020 is at $102M, reflecting a 70%Y/Y increase."The very strong 70% increase in our new orders reflects the growth of this new emerging market of tactical radars for the maneuver force, where we play a leading role. It ensures that accelerated growth for RADA will continue into 2021 and for the foreseeable future," commented Dov Sella, RADA's CEO.RADA is more volatile than other defense and aerospace stocks because of its small market capitalization,” mentions SA Contributor Chris Lau, with a Very Bullish rating.

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RADA secured $23M in orders for the months of November and December; shares +4%