Shares of RADA Electronic Industries (NASDAQ: RADA) climbed 6% this morning following news that the company’s chief executive officer, Dov Sella, will ring the opening bell at Nasdaq MarketSite in Times Square on July 10. The defense electronics contractor has been publicly traded on the Nasdaq market for over 25 years, and says the ringing of the bell is symbolic of a successful corporate turnaround. “A decade ago we identified a new growth engine – mini-tactical radars for the maneuver force. After significant investments, this product line has now matured to a stage where we have begun selling, and the turnaround of the company is beginning to show. As we move through 2017, we still have significant potential to unleash and we are beginning to unlock it. We believe that the ceremony at Nasdaq very much marks the completion of the turnaround and the start of a new era for RADA’s business,” RADA CEO Dov Sella stated in the news release.
To view the full press release, visit: http://nnw.fm/uF6et
About RADA Electronic Industries Ltd.
RADA Electronic Industries Ltd. is an Israel-based defense electronics contractor. The company specializes in the development, production, and sales of Tactical Land Radars for Force and Border Protection and Avionics Systems (including Inertial Navigation Systems) for fighter aircraft and UAVs. For more information, visit www.rada.com.
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