RADA Receives Orders for Avionics Systems With a Total Value of $1.3M
January 17 2017 - 11:49AM
RADA Electronic Industries (NASDAQ:RADA) announced
today that in the first half of January 2017 the company received
orders for avionics systems amounting to $1.3 million.
The orders were placed by its long-term local customers for
avionics systems, the Israeli Air Force and Israel Aircraft
Industries, and include advanced video/data recorders and head-up
display cameras.
Dov Sella, RADA’s CEO, commented: “These repeat
orders demonstrate the strength and stability of our avionics
business, while our radar business is growing steadily in volume
and as a share of our total sales. We expect to maintain the
momentum of sales from our avionics products for the coming
years.”
About RADA
RADA Electronic Industries Ltd. is an Israel-based defense
electronics contractor. The Company specializes in the development,
production, and sales of Tactical Land Radars for Force and Border
Protection, Inertial Navigation Systems and Avionics Systems for
fighter aircraft and UAVs.
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:
David Mayer (BD Director)
Tel: +972-9-892-1111
mrkt@rada.com
IR Contact
GK Investor Relations
Ehud Helft, Partner
Tel: 1 617 318 3096
rada@gkir.com
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