RADA Electronic Industries Ltd. (RADI): RADA Received a $1,200,000 Purchase Orde...

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Re: timhyma post# 58

Monday, 10/16/2006 7:23:29 AM

Monday, October 16, 2006 7:23:29 AM

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."

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