RADA Electronic Industries Ltd. (RADI)

[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

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