 NETANYA, Israel, March 08, 2021 GLOBE NEWSWIRE -- RADA Electronic Industries Ltd. RADA NASDAQ and TASE: RADA, a global defense technology company, today announced the closing of its public offering of 5,175,000 ordinary shares at a public offering price of 11.50 per share. The gross proceeds to RADA from this offering, which includes the proceeds from the full exercise of the underwriters option to purchase an additional 675,000 ordinary shares, are expected to be approximately 59.5 million before deducting the underwriting discounts and commissions and other offering expenses payable by RADA. 