Baird's Investment Banking Group is pleased to announce the following transaction:

March 2021
Rada Electronic Industries Ltd.
Follow-on Offering
Technology & Services
Baird served as an active bookrunner on this offering
$59.500 Million

Rada Electronic Industries Ltd. (“RADA” or “The Company”) (NASDAQ and TASE: RADA) recently completed a follow-on offering of 5,175,000 Class A common shares, including the exercise in full of the underwriters’ overallotment option, at a public offering price of $11.50 per share, generating gross proceeds of approximately $59.5 million.

RADA is an Israel-based defense technology company focused on proprietary radar solutions and legacy avionics systems. The Company is a leader in mini-tactical radars, offering software-defined, multi-mission solutions which perform while on-the-move. These radars address attractive, high-growth markets, including critical infrastructure protection, border surveillance, active military protection and counter-drone applications. RADA also develops, manufactures and sells avionics solutions (including avionics for unmanned aerial vehicles and airborne inertial navigation systems), airborne data / video recording and management systems.

For additional information about this transaction, please contact:

Justin Holsen +1-414-298-7768
Travis Waller +1-312-609-5451
Jean Stack +1-703-394-1831
John Song +1-703-394-1832
Ryan Engelhardt +1-414-298-2637
Martin Luen +44-20-7667-8381