Rada Electronics Industries Inc. (RADA)

[matt24d]

This was from their Q back in Nov

Commenting on the results, Zvika Alon, RADA's Chief Executive Officer said, "Our revenues during the third quarter were negatively impacted as a result of delays, due to prolonged negotiations and the contracting processes of our customers, in securing several large avionic product orders that were expected during the first half of 2015, but were not received until recently



so as you can see their contract negotiations took longer on some of their deals. So they landed them back in Nov and it does take time for the product to get ready to be delivered and shipped. So again my guess is we start to see a pick up in the second half of this year. Either way with IMI landing the US gov with their iron fist product we should start to see purchase orders soon. They can not very well sell their product to the Gov and not purchase the integrated product from RADA. From what I read the CEO if IMI stated this was a very nice size contract.