The stock soared more than 30% on Thursday after the radar maker announced an unnamed ministry of defense had chosen its MHR-based tactical radars for its national alert system.
The radars would assist the ministry in detecting short-range threats such as mortars, rockets, and UAVs. The Israeli company plans to deliver the radars in 2015.
Must Read: Warren Buffett's 25 Favorite Stocks
"This is a major award of a radar program for RADA, which joins other strategic awards for radar programs during 2014," RADA Electronic Industries CEO Zvi Alon said in a statement. "We believe that additional leading countries and integrators will follow this selection."
Separately, TheStreet Ratings team rates RADA ELECTRONIC INDS as a "sell" with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate RADA ELECTRONIC INDS (RADA) a SELL. This is driven by a number of negative factors, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk and poor profit margins."