RADA Electronic Industries Ltd. Has Received Over $3.2M Follow-on Production and...

Mon Jul 6, 2009 8:30am EDT
 
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RADA Electronic Industries Ltd. Has Received Over $3.2M Follow-on Production and
Maintenance Orders

NETANYA, Israel, July 6, 2009 (GLOBE NEWSWIRE) -- RADA Electronic Industries
Ltd. (Nasdaq:RADA) announced today that it has received in the second quarter of
2009 follow-on production and maintenance orders with total value exceeding
$3,200,000 to deliver various video and data recorders, inertial navigation
systems and various avionics products to customers worldwide.

Deliveries are scheduled within a year.

About RADA

RADA Electronic Industries Ltd. is an Israel-based defense electronics
contractor. The Company specializes in Data Recording and Management (Digital
Video & Data Recorders, Ground Debriefing Stations, Head-Up Display Cameras),
Inertial Navigation Systems, Avionics Solutions (Trainer Aircraft Upgrades,
Stores Management Systems, Interface Computers) and avionics systems for UAVs.

Note: Certain statements in this press release are "forward-looking statements"
within the meaning of the Private Securities Litigation Act of 1995. Such
statements involve known and unknown risks, uncertainties and other factors that
may cause actual results to differ materially. Such risk uncertainties and other
factors include, but are not limited to, changes in general economic conditions,
risks in product and technology developments, market acceptance of new products
and continuing product demand, level of competition and other factors described
in the Company's Annual Report on Form 20-F and other filings with the
Securities and Exchange Commission.

-0-
CONTACT:  RADA Electronic Industries Ltd.
          Dubi Sella, V.P Sales & Marketing
          +972-9-892-1111
          mrkt@rada.com

 

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