NETANYA, Israel, February 13 /PRNewswire-FirstCall/ -- RADA Electronic Industries Ltd. (NASDAQ:RADANASDAQ:-NASDAQ:NewsNASDAQ:(http://finance.yahoo.com/q?s=RADA)) announced today that it has received an order of $2.7 million to produce and deliver digital video recorders (DVR), color HUD video cameras (CHVC) and ground debriefing stations (GDS) to a strategic customer.
The DVR is one of RADA's largest selling products worldwide and has been in production for several years.
The order is follow-on to an agreement recently signed with the strategic customer to transfer the production capabilities of RADA's DVR. Deliveries of the products are scheduled to be completed 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), Trainer Aircraft Upgrades, Avionics Systems for UAVs, and Optronics (Head-Up Display Cameras for fighter aircraft, and cameras for 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 Marketing & Sales)
Tel: +972-9-892-1111
DATASOURCE: Rada Electronic Industries Ltd CONTACT: Company Contact: Dubi Sella (V.P Marketing & Sales), Tel: +972-9-892-1111,
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