Ehud, our participants. you call Thank good day and all to
start an summary. Let’s with overall
U.S. defense ourselves remained for early a appropriation fiscal where United the paused. in has the headwind been lag experienced by the in entire year States spending of we quarter revenues July, another including U.S. we DoD XXXX announced sector, extension. mainly in material The our As
once we as and across restart, of shortfall hoped well. resume taken by in was revenues resolution orders entire it concluded had profitability. industry quickly us impacted March, the CR to impacting the fairly spending end that the our the - has continuing would While time The
orders reduced Once back and not our have the eventually. come range. we to will the expected profitability revenue will are at revenues We our expected level, to our us expenses be also expected as we
we second starting of We are to the and year orders half the expect better than first. the from to U.S. resume do be seeing the
short this that and a a is rather While as much live small do technology of bump it term being been bump defense we risk backlog. in term part in growth always long comes our term remind via with our short we than frustrating road with see path, it as package player fast-growing we providing has a the orders, that very by
company, Leonardo announced our merger event Next of DRS, technology a topic leading and for subsidiary DRS. mid-tier our Leonardo a U.S. is RADA, most defense pending company, is with which important Italian the however, defense with merger The is Leonardo.
Just and the ownership Leonardo shareholder update RADA from to will will on in allocated the in the company DRS. The fourth to name quarter. shareholders. acquire coming XXX% exchange the any XX.X% in RADA listeners, to RADA new Pending in combined company shares the equity vote of remind of DRS will and to expect we months, close maintain symbol change will TASE, the and the DRS ticker the merger combined and NASDAQ trade of
market merger This RADA’s DRS the for been U.S. has over We and period. this takes successful are our with collaboration to the a now, into DRS significant working closely penetration with decade next to a DRS almost stage. contributor
and space market increases leader on where a DRS, player hand the on in in RADA’s force. in competitive It players. market are advanced small our and putting position systems defense, defense air de-risks one radar markets protection a indeed we this strongly counter-UAS, starting RADA’s its sensor Together we as but of protection markets. integrated segments, improved seeing DRS’ markets growth market force position vehicle with addressing into leading also a join tactical accelerating and and competitive sensing many transformation major advanced formidable a Our small pressure provider addressable to of are defense company high electronics high with players growth increasingly and mid-tier
half of so. Let’s markets contrary, have short a have the a on the I changed the key highlight U.S. view of despite have our strengthened want markets. in that not our slowdown, term and, the year to past or point, only fundamentals
maneuverable ultimately active invasion their world they the western Ukraine, provide to and assets solutions Russia need of realized defense advanced troops. countries and their the Following throughout best most military for to the
heart and mobile defense, like software-defined armored short and motors, counter-UAS, Our active needs, artillery counter-rocket protection on of radars protection air the warfare are vehicles, modern similar. in range
resumption. a part for Our as U.S. urgent now the constraints Europe but NATO enable the This doctrine typically inventory more us countries of shielded U.S. following attractive book-and-ship of products challenges are on now on the programs need term longer phase, including chain us backlog position not growth to components, air will over and and that range approach and phase. of JUON is moving the and growth. produced record relied and point is and term the years, solutions impacts COVID commercial the military market, of and our statement, high short of the Globally, unique or the recognized. it the supply U.S. made applied over into continued and term because market becoming early stock levels visibility from much capitalize generating only two that stable is meaning faces. an our the from past many us U.S. build This contributing widely is into we of defense it joint and In placed our order on on penetration period to everybody trend long orders negative to profitable what approach. to The radars defense us needs record to switch a customers the the short market factor revenue based long current years of U.S. DRS program another
and up radars weapons being their prominent solutions. tested both markets The with providers had last more India are are not have U.S.-led have are against with through European come control any already the external waking This is impacted year In solutions. were of though, our continuously business opportunity results in of UAS say, the and either two threat multiple the and and the Monday to instance need beyond counter-UAS have not initial quarters, this systems Near lost forces part given as or sector, even expect we East and summary, with U.S.-related Syria. drone engagements in all integrated around entire by for to the our prominent can I us. mitigate we our armed obviously that the are impacted which attacks, just not eventually, in last coalition year. We half thrilled that next factors second defense
We are looking put like growth the stronger ahead go DRS CFO. to our path. long please over in to Avi, to hand will Avi, with At our the continue discussion term that us position this ahead. to merger a point, I’d
