NETANYA, Israel, June 7 /PRNewswire-FirstCall/ -- RADA Electronic Industries Ltd. (NASDAQ:RADA), announced today that it has received a $870,000 purchase order from NFF Avionics Services Inc. of Aliquippa PA for the delivery of Commercial Aviation Test Station (CATS(TM)) and Test Program Sets for various Boeing 777 avionics units. The CATS and TPS are scheduled for delivery and installation during June 2007.
This is the third CATS system purchased by NFF Avionics Services Inc. and it will significantly enhance their capabilities to test and repair Boeing 777 avionics.
Commenting on the agreement, Maj. Gen. (Ret.) Herzle Bodinger, RADA President and CEO, said "NFF Avionics Services is one of our most valued CATS customers. The purchase of a third system demonstrates their satisfaction from the current CATS systems and their belief in the potential business they can grow based on this third system. RADA continues to support all our CATS operators around the world and we expect potential growth in the sales of such products." 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: Zvika Alon (V.P Business Development)
Tel: +972-9-892-1111
DATASOURCE: RADA Electronic Industries Ltd CONTACT: Company Contact: Zvika Alon (V.P Business Development), Tel: +972-9-892-1111,
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