RADA Electronic Industries Ltd. (RADI)

[midastouch017]

My main issue in this article was not about the company,
but rather about R/S in general, this company being a
specific example only.
As said, i have no interest in this particular company
any longer.

Dubi

[timhyma]

Yep- nothing to entice new investors. Best thing that might happen is they get bought out by a "GE" type company, imo. The current management has done nothing for investors

[midastouch017]

Hi Tim,

I am aware you are not into RADA, neither am i,
(nor intending to). A worthwhile read, nevertheless.

Rada's reverse maneuver

I have been wondering what it was that made Rada Electronic Industries Ltd. (Nasdaq: RADID) carry out a reverse split, merging every three shares into one. If it was a wish to stay on Nasdaq, then the company shouldn't have paid the consultant that gave it this idiotic suggestion. A reverse split will only succeed if it is followed by some form of interesting economic program. Otherwise, what usually happens is that after a while, the stock goes back to its price before the split, and often much lower.

At the beginning of the month Rada chairman and former Israel Air Force commander Maj. Gen. (Res) Herzle Bodinger gave an interview to the online investor news magazine Wall Street Net in which he was asked about the company, its future, and its advantages, and all the other questions that interviewers in New York usually ask managers of public companies. I listened closely to Bodinger's answers. From what I understood, he claims that Rada's solutions in the line of business that the company engages in, i.e. avionics, testing and debriefing systems are more effective than those of other companies. "How's your management," asked the interviewer, to which Bodinger replied that he himself has extensive experience of aerial combat and avionic systems management, and that he has an excellent management team working alongside him.

"What are the company's milestones for the future," the interviewer then asked. Bodinger said that after several years of investment both in equipment and strategic planning, Rada would take off in 2007. Having followed this company for 20 years, I have no doubts as to its excellent capabilities, but it also had these back in the 1990s. Why has this company, with all its potential, failed to move forward? I haven't a clue. Either way, judging by the figures, it has made fairly good progress since the turn of the century. It moved from sales of $3.8 million and a loss of more than $6 million in 2000, to $13 million sales and a loss of $2.3 million for 2005.

What about 2006? We're almost towards the end of the first quarter of 2007, yet I haven't found anything at all on Rada's performance last year on its own website or on any of the leading financial news sites. In his interview to Wall Street Net, Bodinger recommended that investors visit the company's website. Strange. He shouldn't be surprised at all if after visiting its site, visitors don't invest a single cent in Rada. Even Yahoo! has more financial information than the company site has.

Published by Globes [online], Israel business news - www.globes.co.il - on March 6, 2007

[sublime]

RADA Electronic Industries Receives a US$1.0 Million Purchase Order From European Defense Company
Nov 28, 2006 9:00:00 AM

NETANYA, Israel, November 28 /PRNewswire-FirstCall/ -- RADA Electronic Industries Ltd. (NASDAQ: RADI), announced today that it has received two purchase orders with total value of over US$1.0 million from a renowned European defense company to manufacture advanced solid state recorders for an airborne system. These purchase orders followed a development contract of over $1 million as part of a long term agreement between the companies.

Commenting on the orders, Zvika Alon RADA V.P Business Development said "the solid state recorder is one of our new developments that is beginning to give their production fruits. We are confident that additional orders will follow this one in the near future".

The solid state recorder is a high capacity, high read/write speed mass memory unit that is used to store and retrieve data in the airborne system.

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: [phone]
[e-mail]


SOURCE Rada Electronic Industries Ltd

----------------------------------------------

Company Contact: Zvika Alon (V.P Business Development)
Tel: [phone]
[e-mail]

[midastouch017]

RADA Received a $1,200,000 Purchase Order From Rafael to Design and Provide Avionics Units
Monday October 16, 7:00 am ET

NETANYA, Israel, October 16 /PRNewswire-FirstCall/ -- RADA Electronic Industries Ltd. (NASDAQ: RADI - News) announced today that it has received a P.O. from Rafael to design and provide avionics systems. Purchase order value is $1,200,000, covers development and supply of prototype units. Production units order is expected to follow during 2007.

This contract, with Rafael, is added to other successful development and production of sophisticated avionics products contracts with one of the major defense integrators in Israel.

Commenting on the contract, Major General (Res.) Herzle Bodinger, RADA's president and CEO said, "We are proud to be contracted by Rafael, one of our strategic customers and a leading Israeli defense industry, for such advanced avionics products. This contract shows the confidence RADA gained at Rafael as a reliable avionics design and manufacture house."

--------

No personal interest

Dubi

[timhyma]

wow- glad scottrade let me get out, lol.

of course, shareholders may push hard for the sale of the company v.s. a r/s- but, to much risk right now for me to consider playing <g>.

Thanks again for the heads up on the turmoil these guys are going through. I'm sure I owe <bg>

[midastouch017]

Rada reports 30% drop in Q2 revenue
The company posted a net loss of $2.5 million, almost five times more than for the corresponding quarter.
Amir Keidan 17 Sep 06 11:47
Rada Electronic Industries Ltd. (Nasdaq: RADI) published its financial report for the second quarter of 2006 after trading closed on Wall Street on Friday. The quarter was a stormy one ahead of the final retirement of the company’s CEO, the reason for which only became clear a few days ago. The company posted a loss on falling revenue for the quarter.
Rada posted $4.6 million revenue for the second quarter, 30% less than for the corresponding quarter of 2005. The company posted a net loss of $2.5 million, almost five times more than for the corresponding quarter.

Rada CEO Maj.-Gen. (Res.) Herzle Bodinger said, "The loss in the first half of 2006 was greater than originally expected due to delays in the receipt of orders that the company still anticipates that it will receive in 2006. The company continues to believe that there will be an improvement in its financial results in the second half of 2006.

Rada’s customers include the Israeli Ministry of Defense, Rafael Armament Development Authority Ltd., and Lockheed Martin (NYSE:LMT). The company develops military and civilian avionic systems. Since Bodinger, a former commander of the Israel Air Force, replaced Adar Azancot as CEO in June. “Globes” reported that Azancot left because the company’s controlling shareholders refused to sell the company to a US arms manufacturer.

A few days ago, Nasdaq notified Rada that it did not meet listing criteria because its share price had been less than $1 over 30 continuous trading days, and that the company risked being delisted from the Nasdaq Small Cap index.

Published by Globes [online], Israel business news - www.globes.co.il - on September 17, 2006

[midastouch017]

Tim, I think you did well. The waiting time might
have been too long, and with the companys past
record, who knows ?

Regards,

Dubi

[timhyma]

Dubi- Fiannly sold the rest of my shares for a 5% gain, lol. I'm done with it

[timhyma]

RADA Electronic Industries Receives Non Compliance Letter From NASDAQ
Friday September 1, 4:00 pm ET


NETANYA, Israel, September 1 /PRNewswire-FirstCall/ -- RADA Electronic Industries Ltd. (Nasdaq: RADI - News) announced that it has received a delisting notification from NASDAQ dated August 28, 2006 stating that RADA no longer complies with the $1 minimum bid price requirement for continued listing - Marketplace Rule 4320(e)(2)(E)(i) - as the closing bid price of the Company's ordinary shares for the prior consecutive 30 business days closed below the minimum requirement.
ADVERTISEMENT


In accordance with Marketplace Rule 4320(e)(2)(E)(i), the Company has been provided 180 calendar days, or until February 26, 2007, to regain compliance. To regain compliance, the Company's ordinary shares must meet or exceed the $1 minimum bid price for 10 consecutive business days. If the Company is unable to achieve this standard and it continues to meet all other initial inclusion requirements for the Nasdaq Capital Market, except for the minimum bid price, the Company may receive an additional 180-day period to regain compliance.

Elan Sigal, Chief Executive Officer of RADA, said, "We are hopeful that our stock price will rise above the $1.00 minimum through our continuing focus on improving business performance. If necessary, however, pending shareholder approval we have the ability to effect a reverse stock split to regain the minimum stock price requirement."

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.


Contact:
Elan Sigal- C.F.O
RADA Electronic Industries Ltd.
Tel: [phone]






--------------------------------------------------------------------------------
Source: RADA Electronic Industries Ltd

[timhyma]

Ah- that makes sense, and I thank you for the info. I've only got a few hunderd shares left, so might be worth the gamble to sit tight.

[midastouch017]

Tim,

FYI In the Globes Hebrew late Edition there is some
info you may find interesting.
The main points in the article:

1/In the past few years there were 3 bids to buy out
RADA by US companies from the defence sector.
2/All three bids were rejected by the biggest shareholder,
family Yang from Hong-Kong.
3/RADA CEO resigned in frustration.
4/Bodinger, RADA president believes a sell out is close,
and attributes the rejection of the owners, being Chinese,
have a much slower pace in conducting business.
5/Bodinger states the these US companies want an outlet in
Israel, and are not deterred by RADA losses.

Bottom line:
If you think it feasible, i'd suggest you hold onto your
shares for the 'premium' you might enjoy in an eventual
sell-out.

Up to you dear chap, an issue to consider.

Regards,

Dubi
The Hebrew link, http://www.globes.co.il/serve/globes/DocView.asp?did=1000128276&fid=1602

[timhyma]

Thanks- maybe I'll be out of the stock this week, then we can eat hats together, lol.

[midastouch017]

Looking a lot better now :)

GLTY

Dubi

[timhyma]

Starting to move a little now

9:03AM Rada Electronic Industries announces a P.O from Rafael with contract value which exceeds $2 mln (RADI) 0.84 : Co announces purchase order in excess of 2 mln from Rafael, Armament Development Authority to provide equipment to Rafael's products. Contract consists of development and serial production of multiple units with deliveries expected to begin on the last quarter of 2007.

[timhyma]

$2mil and it doesn't move the pps :(

I'm willing to sell my remaining shares at just over a buck (to avoid extra comissions). I'm ready to move into something else, lol.

[midastouch017]

Eating my 3rd or 4th hat <g>

Rafael Contracts RADA $2,000,000 to Provide Equipment to its Products
Monday August 28, 9:00 am ET


NETANYA, Israel, August 28 /PRNewswire-FirstCall/ -- RADA Electronic Industries Ltd. (NASDAQ: RADI - News) announced today that it has received a P.O from Rafael, Armament Development Authority Ltd. to provide equipment to Rafael's products. Contract value, which exceeds $2,000,000 consists of development and serial production of multiple units with deliveries expected to begin on the last quarter of 2007.

This contract further increases the business relationship between RADA and Rafael, which now covers several divisions of Rafael.

Commenting on the contract, Major General (Res.) Herzle Bodinger, RADA President and CEO said "Rafael is one of our strategic customers in Israel, we value their selection and are proud to be involved in their programs. We are confident that this new contract will be as successful as previous programs we had with Rafael in recent years."

http://biz.yahoo.com/prnews/060828/ukm004.html?.v=73

[timhyma]

We cordially invite you to the 2006 Annual General Meeting of Shareholders to be held at 10 a.m. on Tuesday, August 15, 2006 at our offices at 7 Giborei Israel Street, Netanya, Israel, for the following purposes:

(1) To elect two Class A directors for terms expiring in 2009;

(2) To elect two outside directors for terms expiring in 2009;

(3) To approve the compensation of our outside directors;

(4) To amend our 2003 Stock Option Plan to provide for the issuance thereunder of an additional 1,500,000 ordinary shares;

(5) To increase our authorized ordinary share capital;

(6) To amend our Articles of Association to add Article 46(c), according to which we will not be required to distribute copies of our annual audited financial statements to our shareholders;

(7) To authorize Mr. Herzle Bodinger, the Chairman of our Board of Directors, to serve concurrently as our Chief Executive Officer;

(8) To ratify the reappointment of Kost Forer Gabbay & Kasierer, independent certified public accountants in Israel, a member firm of Ernst & Young Global, as our independent registered public accountants for the year ending December 31, 2006 and to authorize our Board of Directors to determine their compensation based on the recommendation of our Audit Committee; and


(9) To review and discuss our auditor's report, and consolidated financial statements for the year ended December 31, 2005.

The Board of Directors recommends that you vote in favor of all of the items, which are described in the attached Proxy Statement.

Shareholders of record at the close of business on June 16, 2006 are entitled to notice of and to vote at the Meeting. You can vote by proxy either by mail or in person. If voting by mail, the proxy must be received by our transfer agent or at our registered office in Israel at least forty-eight (48) hours prior to the appointed time of the Meeting to be validly included in the tally of ordinary shares voted at the Annual General Meeting. Detailed proxy voting instructions are provided both in the Proxy Statement and on the enclosed proxy card.

[midastouch017]

Hi Tim,

You know my negative opinion about the company.
I am happy for you having made some money on it,
but i wouldn't come near this company with a 10
foot pole.

Regards,

Dubi

[timhyma]

Maybe the dude and company will settle out of court, nor that he has a job, lol.

Strategic Financial Consultant Haim Nissenson Joins BrainStorm Cell Therapeutics, Inc.
Monday May 15, 8:30 am ET

http://biz.yahoo.com/bw/060515/20060515005524.html?.v=1

The more I read about him, the more he seems like a player to follow. Anything good or bad to say about him in country?

[timhyma]

Some old stuff:
SEATTLE and HERZLIYA, Israel, March 18, 1998 -- Boeing Enterprises and RADA Electronic Industries today announced that they have signed a preliminary agreement for Boeing to invest $10 million to acquire a minority interest in RADA. The investment will make Boeing the largest single stockholder in the Israel-based company, a leading provider of airplane avionics test equipment and electronic systems for commercial and military customers.

RADA's product line includes the Commercial Avionics Test Station, or CATS, a sophisticated, automated test system currently used by several airlines and airplane maintenance centers around the world. The company also offers avionics test and repair services at two CATS centers in Miami and Beijing, with a Los Angeles center under development and future worldwide expansion planned near major airline hubs.

Boeing has estimated the annual market for avionics test equipment and services to be approximately $1 billion.

"This is a terrific investment opportunity for Boeing and we're confident it will provide greater value to both shareholders and airline customers," said Larry Clarkson, president of Boeing Enterprises. "We believe RADA's automated test equipment and services are the very best, and uniquely capable of supporting the airlines' increasing needs for fast, low-cost fault identification and troubleshooting."

Although the agreement is for a passive equity investment only, Clarkson said Boeing might provide RADA with avionics expertise, especially on new airplane systems, and collaborative opportunities. The transaction is subject to RADA shareholder approval and normal due diligence, with the definitive agreement expected to be complete in the second quarter of 1998.

"We are delighted to establish this relationship with the world's aerospace leader," said Haim Nissenson, RADA president and chief executive officer. "We anticipate that this relationship will boost our marketing efforts for our principal product lines. The Boeing Enterprises investment also will allow us to accelerate our efforts to establish CATS service centers around the world and provide more test programs for airlines."

Nissenson added that the transaction would result in RADA issuing 10 million ordinary shares to Boeing, or 42 percent of the future outstanding shares.

A typical jetliner contains hundreds of avionics units that serve as the electronic control center for the airplane. Clarkson said when an avionics unit indicates a fault, airline mechanics usually remove the box for testing and repair -- a process that currently takes four to six weeks. More than half the time, he added, the tested units produce "no fault found" reports and can be returned to the airline's inventory.

The CATS system reduces the testing flow time on most avionics units to between 20 minutes and 6 hours, while the CATS service centers typically provide 24- to 48-hour turnaround times. In addition to being significantly faster than today's diagnostic equipment and services -- reducing airline inventory and processing costs -- CATS systems and services are less expensive than competitive offerings.


http://www.boeing.com/news/releases/1998/news_release_980318.html

[timhyma]

Now that we are done munching. What do you think, the drop from 1.20ish back under .80?
Reading about the former CEO that is such a pain to the company. Seems like a lot of bad blood there (Haim Nissenson)

[timhyma]

awful lot of volume here:
Volume: 170,027
Avg Vol (3m): 20,435.9
http://finance.yahoo.com/q/bc?s=RADI&t=1d

Looks like someone decided not to wait anymore

[midastouch017]

Fantastic, {my third hat, eaten :( }

RADA has Signed a $650,000 Contract, With a Strategic Customer, to Provide Digital Video Recorders for a Fighter Aircraft
Thursday July 20, 8:59 am ET

FARNBOROUGH, England, July 20 /PRNewswire-FirstCall/ -- RADA Electronic Industries Ltd. (NASDAQ: RADI - News) announced today that it has received a purchase order in excess of $650,000 to provide a strategic customer with Digital Video Recording System (DVRS) and Ground Replay System (GRS), as part of a major avionics upgrade it executes.

The DVRS is composed of HUD camera, the Network Centric Digital Recorder (NCDR), a multi channel solid state video, audio and data recorder and advanced ground playback systems. Similar package was recently selected by Lockheed Martin Aeronautics as the baseline F-16 DVR for FMS customers.

This order is added to the NCDR production orders following the Chilean Block 52 F-16 aircraft, the Boeing/US NAVY T-45 aircraft and the Lockheed Martin/Greek Air Force F-16 aircraft (the Boeing and Lockheed orders are by subcontracts to Smiths Aerospace). Production deliveries will commence in 2006 and continue for 12 months.

Commenting on the award, Zvi Alon, RADA's V.P. of Business Development said "This is one of our strategic customers and we trust this program will open the door for more exciting opportunities to come."

http://biz.yahoo.com/prnews/060720/uktu010.html?.v=67

Dubi

[timhyma]

I think I'll try to sell most of my remaining shares around a buck. Stock is getting overbought, and even with the last three days of news- it is only 30% of yearly revenues (if they news quits flowing anyway). I'll keep a couple shares, just in case the news keeps on coming, lol.

[midastouch017]

Indeed. Have i got it wrong !!!,

RADA Signed a $1,270,000 Contract With a Strategic Customer to Provide Avionics Units to Unmanned Aerial Vehicle

Wednesday July 19, 9:00 am ET

FARNBOROUGH, England, July 19 /PRNewswire-FirstCall/ -- RADA Electronic Industries Ltd. (Nasdaq: RADI - News) announced today that it has received a P.O. from a strategic customer to provide various avionics systems to an Unmanned Aerial Vehicle. Contract value, which exceeds $1,270,000, covers development and supply of prototype units.

This contract further increases the number of avionics units provided by RADA to various advanced UAV programs and positions RADA as a major supplier of UAV avionics.

Commenting on the contract, Major General (Ret.) Herzle Bodinger, RADA's CEO said, "We are proud to be one of the main providers of avionics units to modern UAVs, both in Israel and in the world."

http://biz.yahoo.com/prnews/060719/lnw001.html?.v=25

Dubi

[timhyma]

And the hits just keep coming:
RADA Received Orders Valued at Just Over $480,000 From Lockheed Martin Aeronautics to Develop, Test and Deliver the Next Version of "PERFORMS" - the F-16 Structural Fatigue Tracking System, and Related Services
Tuesday July 18, 9:00 am ET

http://biz.yahoo.com/prnews/060718/ukm010.html?.v=101

[midastouch017]

Same news, adding a few background details,

RADA wins $1.7m contract with Lockheed Martin
Lockheed wiil be supplied with equipment in support of the F-16 Peace Xenia IV Program.

Shiri Habib 17 Jul 06 19:53
Israeli defense technology company Rada Electronic Industries (Nasdaq: RADIF) announced today that it would serve as subcontractor to US company Smiths Aerospace in a project it will undertake for Lockheed Martin (NYSE: LMT). RADA’s subcontract for the program exceeds $1.7 million.
Under the deal Lockheed Martin will be supplied with digital video recorders (DVR), removable data cartridges (RDC), and ground debriefing stations (GDS) in support of the F-16 Peace Xenia IV Program.

The cooperation between RADA and Smiths Aerospace began several years ago, when the two companies installed digital video equipment in the Israel Air Force’s F-16 fighter aircraft. Six months ago, RADA was also selected as a subcontractor to Smiths Aerospace, to supply similar products for the US Navy’s aircraft in a deal worth $4.5 million over the next two years.

RADA specializes in military and commercial aerospace technologies. 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. The company has a market cap of $30 million on Nasdaq’s capital market. RADA rose 17% in trading on Wall Street today.

RADA CEO, Maj. Gen. (Res.) Herzle Bodinger said, “this award further strengthens our excellent relationship with Smiths, that was established over 8 years ago and is currently manifested in joint development and production programs, as well as marketing activities. The Lockheed selection indicates that our strategy in penetrating the US market through cooperation with American partners is correct."

Published by Globes [online], Israel business news - www.globes.co.il - on July 17, 2006

Dubi

[midastouch017]

My estimate is a cease fire and a comprehensive agreement
will take place within a week to 10 days from today.

A cease fire by itself is not good enough.

Regards,

Dubi

[timhyma]

Thanks, and stay safe. Hope a cease fire happens soon for you

[midastouch017]

< Glad I sold off 1/2 on Friday >

IMHO a pity you have not sold it all on Friday.

(Goodness me, i do not wish to appear as a
regular basher. I simply do not believe in this
companys prospects too much)

Having said that, i have been wrong in the past.

GLTY for the rest of your shares.

Dubi

[timhyma]

Well, the market sure din't like the news. Glad I sold off 1/2 on Friday. Looks like a buying op for you Swampboots- they be selling on the news today <bg>. I'm holding what I've got for a while

[timhyma]

Looks like some folks got the news a bit early, eh?
Lockheed Martin Aeronautics Selects Smiths and Subcontract Partner, RADA, to Provide Digital Video Recorder and Ground Debriefing Systems for the F-16 Peace Xenia IV and Future FMS Programs
Monday July 17, 9:00 am ET
The Lockheed Selection Positions RADA as Major Supplier of Airborne Digital Video Recorders and Ground Debriefing Systems


NETANYA, Israel, July 17 /PRNewswire-FirstCall/ -- RADA Electronic Industries Ltd. (NASDAQ: RADI - News) announced today that it was formally notified by Smiths Aerospace that Lockheed Martin Aeronautics has concluded the evaluation and source selection for the procurement of the Digital Video Recorder (DVR), the Removable Data Cartridge (RDC), and the Ground Debriefing Station (GDS) in Support of the F-16 Peace Xenia IV Program with an option for future F-16 sales. Smiths Aerospace has been selected for the program, with a subcontract to RADA. The RADA Electronic Industries subcontract for the Peace Xenia IV program exceeds $1.7 million.

Lockheed Martin Aeronautics' selection of the Smiths Aerospace - RADA DVR and GDS for the F-16 follows the Boeing Company selection of the same products in support of the US NAVY T-45 Digital Video Recorder and Processor (DVRP) and other significant programs currently performed by RADA . Smiths Aerospace and RADA estimate that the 10,000+ VTRs that are currently installed on various aircrafts will be replaced by digital recorders.

Commenting on the selection, Maj. Gen. (Res.) Herzle Bodinger, RADA's Chief Executive Officer said, "This award further strengthens our excellent relationship with Smiths, that was established over 8 years ago and is currently manifested in joint development and production programs, as well as marketing activities. The Lockheed selection indicates that our strategy in penetrating the US market through cooperation with American partners is correct."

Zvi Alon, RADA's V.P. of Business Development said, "This award is the first time when a RADA developed unit is selected to be part of the baselineF-16 configuration. We are proud to have our products installed on both Lockheed Martin Aeronautics and the Boeing Company aircraft".

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 armoured 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:
Elan Sigal (Chief Financial Officer)
Tel: [phone]
[e-mail]

[midastouch017]

Eating my hat,

Lockheed Martin Aeronautics Selects Smiths and Subcontract Partner, RADA, to Provide Digital Video Recorder and Ground Debriefing Systems for the F-16 Peace Xenia IV and Future FMS Programs
Monday July 17, 9:00 am ET
The Lockheed Selection Positions RADA as Major Supplier of Airborne Digital Video Recorders and Ground Debriefing Systems


NETANYA, Israel, July 17 /PRNewswire-FirstCall/ -- RADA Electronic Industries Ltd. (NASDAQ: RADI - News) announced today that it was formally notified by Smiths Aerospace that Lockheed Martin Aeronautics has concluded the evaluation and source selection for the procurement of the Digital Video Recorder (DVR), the Removable Data Cartridge (RDC), and the Ground Debriefing Station (GDS) in Support of the F-16 Peace Xenia IV Program with an option for future F-16 sales. Smiths Aerospace has been selected for the program, with a subcontract to RADA. The RADA Electronic Industries subcontract for the Peace Xenia IV program exceeds $1.7 million.

Lockheed Martin Aeronautics' selection of the Smiths Aerospace - RADA DVR and GDS for the F-16 follows the Boeing Company selection of the same products in support of the US NAVY T-45 Digital Video Recorder and Processor (DVRP) and other significant programs currently performed by RADA . Smiths Aerospace and RADA estimate that the 10,000+ VTRs that are currently installed on various aircrafts will be replaced by digital recorders.

Commenting on the selection, Maj. Gen. (Res.) Herzle Bodinger, RADA's Chief Executive Officer said, "This award further strengthens our excellent relationship with Smiths, that was established over 8 years ago and is currently manifested in joint development and production programs, as well as marketing activities. The Lockheed selection indicates that our strategy in penetrating the US market through cooperation with American partners is correct."

Zvi Alon, RADA's V.P. of Business Development said, "This award is the first time when a RADA developed unit is selected to be part of the baselineF-16 configuration. We are proud to have our products installed on both Lockheed Martin Aeronautics and the Boeing Company aircraft".

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 armoured vehicles.

http://biz.yahoo.com/prnews/060717/ukm009.html?.v=66

Dubi

[timhyma]

Swamp, just reduced my exposure yesterday by selling half my stock. Still own it, and yes, I think the new lightening fighter Lockheed is building to replace the F-16 could be using RADI parts.

Also- UAVs are going to continue to grow in militarys. I expect RADI to have some signficant sales w/ the general at the helm now.

[swampboots]

Will new aerial needs propel this stock?

[midastouch017]

< I still think it had potential >

When much stronger companies, such as ESLT
are 'strong' in this niche, as well in other
related niches, and in Homeland Security in
general, you could count on it, RADA will need
nothing short of a miracle in order to survive.

That or being bought up by one of the major
players. If you think this is a viable option,
take your chances and have a go at it.

If not, i strongly suggest you 'drop' it.

Regards,

Dubi

P.S. i am known for my trifle general optimistic view,
when i have negative sentiments for a company, chances
of my being wrong is close to zero.
This is not necessarily the case when i am optimistic
about any given company/sector. In such cases i am often
proven over optimistic.

[timhyma]

Thanks for the follow up my friend. I still think it had potential, but agree, needs someone in the drivers seat to push the company forward.

[midastouch017]

Rada CEO quits, Herzle Bodinger taking over

01.6.06 | 20:43 By Omri Cohen

Rada Electronic Industries (Nasdaq: RADI), which makes flight data recorders and navigation systems for the aerospace industry, on Thursday said its chief executive office, Adar Azancot, resigned. His resignation takes effect immediately.

Herzle Bodinger, Rada's chairman and president and a general in reserves, will assume the CEO position, the company said. Bodinger had formerly served as the chief of Israel's Air Force.

In the last year Rada has lost about half its value on the stock exchange, partly due to disappointing results.

In the company's press statement, Bodinger commented that Azancot had led a process of restructuring at Rada and led the company to leading status in the market for air combat systems.

Azancot said that in the last three years Rada had reached significant technological achievements, and that he hopes it will soon find finding to turn these technological achievements into financial ones too.

Rada has not yet published its results for the first quarter of 2006. For the year 2005 it reported a 5% drop in year over year revenues to $13.4 million, and a 71% plunge in gross profit to $1.1 million.

For the year it lost $2.3 million or 10 cents per share, after netting $0.8 million the year before.

By year-end 2005 Rada's cash position had shrunk to $350,000, from $3.5 million at the end of 2004.

http://www.haaretz.com/hasen/spages/722267.html

Additional remarks:

1/The General was CEO prior to present booted CEO, hence
the blame is on him as well.

2/Unless a real 'killer' CEO is appointed, there is no
outlook for an upside.

3/Markets reaction to the booting of a CEO is usually positive, and bears an immediate positive impact on pps.

4/Seems like the market has a grim opinion about the company,
and even this step was not appreciated.

Dubi

[midastouch017]

Many promises over the years,
however, no delivery to date.

It looks there is another chance
coming, i would not bet my farm
on it, though.

There are some very powerful
companies operating in this niche
market, hence RADIs difficulties
in the past and probably in the
future as well.

In short, to my taste the risk/reward
ratio is not appealing.

Dubi

[timhyma]

You think the general is going to be able to get this company going again? I've seen the UAVs in action now, and definitatly a niche market there. I think if they solidfy their relationship with Lockheed, could be very promising.

[midastouch017]

RADA Electronic Industries Ltd. Announces CEO Resignation
Thursday June 1, 9:00 am ET

NETANYA, Israel, June 1 /PRNewswire-FirstCall/ -- RADA Electronic Industries Ltd. (NASDAQ: RADI - News) announced today that its Board of Directors has accepted the resignation of Adar Azancot, the Company's Chief Executive Officer, after five years of service in that position. Mr. Azancot 's resignation is effective as of June 1, 2006.

Major General (Res.) Herzle Bodinger, RADA's President and Chairman of the Board of Directors will assume the CEO position and Mr. Azancot has agreed to continue to support the Company for the next three months.

Commenting on the resignation, Mr. Bodinger stated: "During the past five years, Adar, as CEO, led the Company through its turnaround and restructuring and brought RADA to its current position as a prime provider of avionic systems. Under Adar's leadership, the Company has developed many core technologies that provide answers to the defense customers' operational needs in Israel and worldwide. I would like to thank Adar, on behalf of our Board of Directors, for his contribution and devotion to RADA during the past nine years and for bringing RADA to a position where it is ready to meet its future challenges."

Mr. Azancot commented: "As a young CEO I had the privilege to be part of a talented group of people and to build a small and unique company that is part of the defense industry in Israel. In the past three years the Company accomplished major technological achievements in the area of avionics for fighters, helicopters and UAVs. I hope that in the near future the Company will find the necessary resources to turn these technological achievements into economic success."

http://biz.yahoo.com/prnews/060601/ukw023.html?.v=20

Dubi

[LoveAGain]

Been following rada for a long time now. Nice bounce.


http://stockcharts.com/h-sc/ui?s=rada&p=D&yr=1&mn=0&dy=0&id=p78855335493

[timhyma]

They lost a litlle more than I was expecting, but the '06 outlook is hopeful. I have a stop in at .92

[midastouch017]

RADA Electronic Industries Announces Full Year 2005 Results

Wednesday March 8, 7:23 am ET

NETANYA, Israel, March 8 /PRNewswire-FirstCall/ -- RADA Electronic Industries Ltd. (Nasdaq: RADI - News) today reported its financial results for the year ended December 31, 2005. The company reported a net loss of $2.3 million or $0.10 per share (on a fully diluted basis). This compares with net income of $822,000, or $0.03 per share (on a fully diluted basis), for the year ended December 31, 2004. Operating loss for the year was $1.8 million compared with operating profit of $1.0 million in 2004.

Revenues in 2005 were $13.4 million, a decrease of 5% from 2004. The gross margin on sales also decreased from 27% in 2004 to 8% in 2005. The decrease in gross margin is attributed to the high percentage of development programs, which programs have a lower profit margin than the sales of pre-existing products offered by the Company.

Looking forward to 2006, we believe that the development efforts over the last three years will be reflected in additional sales during 2006. In addition to our pre-existing products of FACE (DATA Recorder) and CATS (Commercial Aviation Test Station), we now also offer off the shelf our Network Centric Digital Recorder (NCDR), Ground Debriefing Systems (GDS), Heads Up Display (HUD) Cameras, Rear Sentry Cameras and several core avionics computers. In addition we have increased our marketing efforts towards our strategic markets: US, India, and Israel. In the US we have received an order to supply NCDRs for the T-45. As a result of our acquisition in 2005 of the assets of Vectop, Ltd., which had existing sales to India, we are positioned to enter that market. We have also won a contract to supply our NCDR and HUD Camera for the Sea Harrier in India. As a result of our broader product range, we have begun to see an increasing number of RFP's that we are able to respond to with bids.

About RADA

RADA Electronic Industries Ltd. is an Israel based company involved in the military and commercial aerospace industries, with 110 staff. The company specializes in Avionics, Ground Debriefing Stations (Video, ACMI and Maintenance) and Automatic Test Equipment.

http://biz.yahoo.com/prnews/060308/ukw018.html?.v=29

A sour lemon ???

:(

Dubi

[midastouch017]

Nice robust volume, but the increase is hardly
a surprise. (for me, that is)

Perhaps the rumour has some grounds ?

Dubi

[timhyma]

RADA ELECTRONIC INDUSTRIES LTD
Price: 1.15 0.12 11.65%
Bid: 1.13[-]
Ask: 1.16
Open: 1.07
Volume: 22,757

I wasn't expecting the move this soon, lol.

[timhyma]

Nice. Thanks for the heads up

[midastouch017]

Hi Tim,

Nice start today

GLTY

Dubi

[timhyma]

Thanks. I just filled my order.