RADA Technologies, LLC (RADA USA), recently celebrated the opening of its U.S. headquarters that features a state-of-the-art R&D and manufacturing operation producing advanced electronics for the defense and aerospace industry. The new facility has full manufacturing capabilities for RADA USA’s active electronically scanned array (AESA) tactical radars.
RADA Technologies, LLC’s ribbon cutting ceremony in Germantown, Maryland was attended by Benjamin Krasna, Deputy Chief of Mission for the Embassy of Israel and prominent Marylanders including presentations by Lt. Governor Boyd Rutherford; Montgomery County Executive Marc Elrich; Maryland Deputy Secretary of Commerce Ben Wu; Jeff Samuels, representing U.S. Senator Chris Van Hollen; Andrew Donlon, representing Congressman David Trone representatives from the Germantown and Gaithersburg Chambers of Commerce. Bill Watson, CEO of RADA Technologies, LLC (RADA USA) and Dov “Dubi” Sella, CEO of RADA Electronics, LTD in Israel echoed RADA USA’s commitment to creating hi-tech jobs in Maryland. Barry Bogage, Executive Director of the MIDC, emceed the ribbon cutting ceremony.
RADA Technologies, LLC is the American subsidiary of Israel-based RADA Electronic Industries Ltd. After a founding period in Silver Spring, MD., the company decided to stay in Montgomery County, expand and implement its growth plans in Germantown. The Company plans to add 80 full-time employees by the end of 2023. RADA will invest close to $4 million into this expansion project.
Montgomery County is participating in this economic development project with a $50,000 Economic Development Fund conditional grant. The State of Maryland is providing a $300,000 Advantage Maryland (formerly MEDAAF) conditional loan, plus an expected $450,000 in Job Creation Tax Credits over the life of the project.
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To read the State of Maryland’s press release, click here>>>