Fly News Breaks for September 19, 2019
ESLT, BAESY, RADA
Sep 19, 2019 | 07:58 EDT
Alliance Global Partners analyst Brian Kinstlinger raised his price target on shares of RADA Electronic Industries (RADA) to $7.50 from $6.50 after BAE Systems (BAESY) was selected by the Dutch Army to integrate the advanced protection system Iron Fist into the CV90 Infantry Fighting Vehicles, noting that RADA is the supplier of mini radars for this solution. Elbit Systems (ESLT) was also selected in August to supply Iron Fist for Israel's Eitan and D-9 military vehicles, noted Kinstlinger, who called these two early wins a "bullish indicator" as testing of Iron Fist is ongoing in the U.S. He keeps a Buy rating on RADA shares.
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