RADA Electronic Industries Ltd. has Received $1.5M Follow-on Production and Maintenance Orders

2008-08-07 08:00:00

RADA Electronic Industries Ltd. has Received $1.5M Follow-on Production and Maintenance Orders

    NETANYA, Israel, August 7 /EMWNews/ -- RADA Electronic

Industries Ltd. (NASDAQ: RADA), announced today that it has recently

received follow-on production and maintenance orders with total value

exceeding $1,500,000 to deliver Video Recorders, Head Up Display Cameras,

Ground Debriefing Stations and other products to various customers.



    Deliveries are scheduled to start in Q4/2008 and to conclude within 12

months.



    About RADA



    RADA Electronic Industries Ltd. is an Israel based company involved in

the military and commercial aerospace industries. The Company specializes

in Avionics systems (Digital Video Recorders, Ground Debriefing Stations,

Stores Management Systems, Flight Data Recorders, Inertial Navigation

Systems), Trainers Upgrades, Avionics systems for the UAV market, and

Electro optic cameras for airplanes and armored vehicles.



    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.




Company Contact: Dubi Sella (V.P Sales & Marketing) Tel: +972-9-892-1111 mrkt@rada.com

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