Rada Electronic Industries Ltd. (NASDAQ: RADA, TASE: RADA), a global leader in the development and production of software-based tactical radars for the maneuvering force, reports receipt of production orders and commitments from customers totaling $ 5 million, for its new and advanced exMHR radar. The new radar platform is in advanced stages of integration and laboratory testing, with field testing and demonstrations expected to take place in early 2022. Delivery to customers is expected to begin in mid-2022.
Dov Sela, CEO of Rada Messer: “We are very pleased with the confidence and trust our customers place in us and the orders received for production, while we continue to conduct laboratory tests. More than two years ago, following the evolving threats to maneuvering forces and critical infrastructure, the need for longer-range tactical radars We developed the exMHR in record time. This move reflects the uniqueness of our ‘RADA Inside’ business model, which translates market needs into off-the-shelf products that we quickly deliver to customers. “We are in the final stages of building the production line in parallel with the prototype testing, with the plan being that by the middle of 2022 we will have commercial production capacity for this new radar.”
“The new product significantly expands our target market and is based on our competitive advantage and leadership in this market. Moreover, our main customers are in demand for Solutions-as-a-Service solutions for military needs and very short delivery times, and our business model is skewed in these directions. “We are very pleased with the significant potential we face and over the coming years, and expect the exMHR to become another major growth engine for us.”
The exMHR is a software-based and multi-tasking pulse-Doppler radar platform. The platform addresses short-range air defense (SHORAD) missions, unmanned aerial defense, orbital tactical threats (C-RAM), and bridging gaps. Discovery of long-range arrays.The topology of the radar antenna, along with advanced algorithmics and signal processing, allows exMHR to demonstrate improved accuracy in challenging terrain conditions, presenting the ultimate response to maneuvering power needs while leading in price-performance performance.
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