RADA Rada Electronics Industries Limited

RADA Electronic Industries Ltd. (Nasdaq:RADA) announced today the delivery of its initial RPS-42 based mobile air surveillance system, to the defense forces of an important Asian country.

The contract for the purchase of these systems, which was announced in May 2016, has a value of approximately $2 million. This first delivered system will be integrated and validated on a customer’s tactical vehicle, with deliveries of the rest of this order to follow before year-end 2016.

RADA’s Multi-Mission Hemispheric Radar (MHR) based RPS-42 aerial surveillance radar systems will provide a mobile air surveillance solution for the customer's armed forces.

According to Zvi Alon, RADA's CEO, "This delivery initiates a process during which our customer’s air surveillance capability will be significantly improved by the unique capabilities of our RPS-42 Radar system. For Rada, this contract represents our first production contract and delivery of radars to this part of the world.  It demonstrates that our radar technology and capabilities present a very attractive price-performance proposition to customers. We look forward to, and expect, further follow-on orders from this customer as well as new orders from other customers in Asia."

The MHR radar platform, at the heart of the system, is an S-band, software-defined, Pulse-Doppler, active electronically scanned array radar. The Rada system introduces sophisticated beam forming capabilities and advanced signal processing, can provide multiple missions on each radar platform, and offers an unprecedented performance-to-price ratio. It is compact and mobile, delivering ideal organic, tactical surveillance solutions for force and border protection applications such as counter rockets and mortars, counter unmanned aerial systems, ground moving target indicator, air surveillance and more.

About RADARADA Electronic Industries Ltd. is an Israel-based defense electronics contractor. The Company specializes in the development, production, and sale of Tactical Land Radars for Force and Border Protection, Inertial Navigation Systems for air and land applications, and Avionics Systems and Upgrades.

Company Contact:
RADA Electronics Industries
Dov Sella, CBDO
Tel: +972-9-8921111
mrkt@rada.com

Investor Relation Contact
GK Investor Relations
Ehud Helft / Gavriel Frohwein
Tel: +1 646 688 3559
Rada@gkir.com