RADA Reports New Orders of $9M During First Half of 2013

RADA Electronic Industries Ltd.

announced today that it had received new orders totaling $9 million along the first half of 2013. The vast majority of these new orders are for mission data recording and debriefing systems, along with various avionics systems and aircraft upgrade services. Of significant importance are new orders for radar systems, both for the Compact Hemispheric Radar (CHR) and for the Multi-Mission Hemispheric Radar (MHR) products. Zvika Alon, RADA CEO, commented: "The new orders for recording systems emphasize our global presence and market recognition of the quality and affordability of our solutions. We are very pleased with the initial orders for our advanced radar systems. We expect that our recorders and avionics product lines will demonstrate stable sales, while future growth will come from radars and inertial navigation systems." 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 for air and land applications, and Avionics Systems and Upgrades.