Company
Rada
+ 0.63%
closure:0
opening:9.45
Tall:9.71
low:9.3
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The Israeli traded on the NASDAQ (NASDAQ: RADA) intends to double listing the shares on the Tel Aviv Stock Exchange. According to the company announcement, the company’s board of directors approved the application. Along with entering Israel, the company will continue to be traded on the Nasdaq Stock Exchange.
The company is engaged in the development and manufacture of tactical radars for the maneuvering military force, which are “designed for significant and emerging markets” that include critical facility protection, border protection, maneuvering force protection and anti-skimmer applications.
Yossi Ben-Shalom, Chairman of Rada: “We expect listing on the Tel Aviv Stock Exchange, and believe that this move will allow us to expand our investor base and lead to an increase in interest and investment by Israeli institutions. We believe that the double listing on the Tel Aviv Stock Exchange will be an attractive investment for the Israeli capital market.” “
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