Rada Electronics Swings To Loss Due To U.S. Stopgap Spending

Credit: Rada Electronics Industries
The U.S. government’s delayed spending measure for the current fiscal year led to a surprising swing in fortunes for military radar and legacy avionic supplier Rada Electronics Industries, with the Israeli company’s net loss for the first quarter of 2022 disappointing shareholders. For the quarter...
Michael Bruno

Based in Washington, Michael Bruno is Aviation Week Network’s Executive Editor for Business. He oversees coverage of aviation, aerospace and defense businesses, supply chains and related issues.

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