0001178913-22-000049.txt : 20220106 0001178913-22-000049.hdr.sgml : 20220106 20220106091405 ACCESSION NUMBER: 0001178913-22-000049 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20220106 FILED AS OF DATE: 20220106 DATE AS OF CHANGE: 20220106 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RADA ELECTRONIC INDUSTRIES LTD CENTRAL INDEX KEY: 0000761238 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-ELECTRONIC PARTS & EQUIPMENT, NEC [5065] IRS NUMBER: 000000000 STATE OF INCORPORATION: L3 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-15375 FILM NUMBER: 22513777 BUSINESS ADDRESS: STREET 1: 7 GIBOREI ISRAEL STREET STREET 2: P.O. BOX 8606 CITY: NETANYA STATE: L3 ZIP: 42504 BUSINESS PHONE: 972-9-892-1111 MAIL ADDRESS: STREET 1: 7 GIBOREI ISRAEL STREET STREET 2: P.O. BOX 8606 CITY: NETANYA STATE: L3 ZIP: 42504 6-K 1 zk2227027.htm 6-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934

For the month of
January 2022

RADA ELECTRONIC INDUSTRIES LIMITED
(Name of Registrant)

7 Giborei Israel Street, Netanya 4250407, Israel
(Address of Principal Executive Office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 
RADA Electronic Industries Ltd.
 
(Registrant)
   
 
By: /s/ Dov Sella
 
Dov Sella
 
Chief Executive Officer

Date: January 6, 2022

EXHIBIT
NO.
  
DESCRIPTION



EX-99.1 2 exhibit_99-1.htm EXHIBIT 99.1
Exhibit 99.1

RADA Concludes Record 2021 with YoY Revenue Growth of 54%
Strong Continued Growth Expected in 2022

RADA will host an Investor & Analyst Webinar on January 11, 2022 at 8:30am ET to discuss its
outlook for 2022 and review its achievements in 2021

NETANYA, Israel, January 06, 2022 -- RADA Electronic Industries Ltd. (NASDAQ: RADA, TASE: RADA), a leading global provider of advanced software-defined tactical radars for the maneuver force, announced today that its 2021 full year revenues amounted to a record $117 million, representing very strong year-over-year growth of 54%.
 
The Company expects to report its detailed fourth quarter and full year 2021 financial results on February 9, 2022.
 
The Company also announced that it would be hosting an investor and analyst Zoom video webinar to summarize its achievements in 2021, discuss its expectations and revenue guidance for 2022, and conclude with a Q&A session.
 
Dov Sella, RADA’s CEO, commented, “I am extremely pleased that we ended the year so strongly, showing a very impressive growth rate and a record revenue level. We see this as a great achievement, especially given the backdrop in the United States, due to budget delays and the current Continuing Resolution (CR) appropriations, which pushed some of our expected revenues into 2022. "
 
Concluded Mr. Sella, “I am excited with our potential for strong growth in the years ahead, both in the US and in the rest of the world. Furthermore, the Active Protection market, that accounts for 50% of our addressable market, is expected to start contributing significantly to our top line only in 2023 and onwards.”
 
Webinar details
 
The investor and analyst webinar will commence on Tuesday, January 11 at 8.30am ET (3:30pm Israel time).
 
Advanced registration is required to attend the webinar from the link below. Following registration, a link will be sent via e-mail to access the webinar.
 
https://us06web.zoom.us/webinar/register/6216408649804/WN_3iSkc148QxWWaZAL_tek5g
 
About RADA
 
RADA is a global defense technology company focused on proprietary radar solutions and legacy avionics systems. The Company is a leader in mini-tactical radars, serving attractive, high-growth markets, including critical infrastructure protection, border surveillance, active military protection and counter-drone applications.
 
Forward Looking Statements
Certain statements in this press release are “forward-looking statements” within the meaning of the Private Securities Litigation Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially. Such risk uncertainties and other factors include, but are not limited to, changes in general economic conditions, risks in product and technology developments, market acceptance of new products and continuing product demand, level of competition and other factors described in the Company’s Annual Report on Form 20-F and other filings with the Securities and Exchange Commission.

Company Contact:
Avi Israel (CFO)
Tel: +972-76-538-6200
mrkt@rada.com
www.rada.com
Investor Relations Contact:
GK Investor Relations
Ehud Helft
Tel: 1 212 378 8040
ehud@gkir.com