Inertial Navigation Systems

Avionics Systems & Upgrades

Tactical Radars

RADA Received $1.6M in Follow-on Production and Maintenance Orders

NETANYA, Israel, April 12, 2010 - RADA Electronic Industries Ltd. (Nasdaq:RADA - News) has received, during February and March of 2010, follow-on production and maintenance orders worth a total of over $1,600,000.

The orders include delivery and maintenance of video and data recorders, inertial navigation systems, and various avionics products to customers worldwide. The majority of the deliveries are scheduled for 2010.

The total value of new orders received by RADA in the first quarter of 2010 is $7.2M.

About RADA

RADA Electronic Industries Ltd. is an Israel based defense electronics contractor. The Company specializes in Data Recording and Management (Digital Video & Data Recorders, Ground Debriefing Stations, Head-Up Display Cameras), Inertial Navigation Systems for air and land applications, Avionics Solutions (Aircraft Upgrades, Avionics for UAVs, Stores Management Systems, Mission & Interface Computers) and Radar Sensors for active protective systems for land 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..

 

RADA Announces Successful Testing of its Advanced C-RAM Radar

Tests prove the radar system provides rapid detection of threats and very early warning; the radar delivers precise data regarding the Point of Origin (POO) and the expected Point of Impact (POI)

NETANYA, Israel,February 11th, 2013 RADA Electronic Industries announces successful testing of its advanced Multi-Mission Hemispheric Radar (MHR) with the RPS-40 Counter-Artillery, Rockets and Mortars (C-RAM) mission. The RPS-40 mission provides tactical accuracies of the Point of Origin (POO) and the Point of Impact (POI).

During the testing - which was performed recently and observed by representatives from the Israel Defense Forces (IDF) and the defense industry - multiple mortars and rockets were fired within the radar's area of coverage. The system detected the threats at a very early stage and provided exceptionally long alert times, while demonstrating no false alarms.

The RPS-40 detects, tracks, classifies and locates direct and elevated threats fired at stationary or mobile forces; threats include rockets, artillery, mortars, ATGMs, RPGs, and more. The system can be integrated with any protection and/or C4I system and can be installed at stationary bases and posts, or onboard fighting vehicles.

According to Zvi Alon, RADA's Chief Executive Officer, "We are very pleased with the results of the tests, which have proved the advanced capabilities and the technological maturity of our radars. Our next goal is to establish the serial production line by mid-2013. In the coming months we will conduct further tests on additional operational missions, and estimate that by the end of the year our radars will be installed and in use by select customers."

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 .

 

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.

RADA Electronic Industries Announces full year 2012 results

NETANYA, Israel, April 24, 2013 RADA Electronic Industries Ltd. (NASDAQ: RADA) today announced its financial results for the year ended December 31, 2012.   

Full Year 2012 Results

Revenues totaled $21.6 million, an 11% increase when compared to  $19.4 million in 2011.  

Gross profit totaled $5.3 million, a 5% decrease when compared to $5.6 million for 2011.  

Operating Expenses totaled 6,3million, a 5% decrease when compared to $6.6  million in 2011.

Operating loss totaled $1 million, compared to an operating loss of $1 million in 2011.  

As a result, the Company reported a net loss of $2.05 million, or $0.23 per share for the year ended December 31, 2012, compared with net loss of $1.5 million, or $0.17 per share, for the comparable period in 2011.

Commenting on the results, Zvika Alon, RADA's Chief Executive Officer said, “During 2012 we succeeded to increase our sales volume. Partly because two delayed programs came back on track. While our operating loss remained similar to that of 2011, our net loss increased due to significantly higher financial expenses in 2012. Our R&D spending remained at the similar high level it was during 2011, mainly for the development of our ground radar products.  As a result, we are now under contract with two new customers that are using our radars as part of their systems and we expect an additional two contracts during the second quarter of 2013.  We expect that our R&D efforts in 2013 will be lower than in 2012, as our inertial navigation and radar products are mature enough to enable business development and marketing activities. Further investments are still needed to broaden the product offering and to support marketing activities. We are continuing to pursue large opportunities in our traditional avionics market, in particular, large programs for our Digital Video Recorders and Ground Debriefing Systems in the US. At the same time, we are offering our navigation and radar products to a growing number of customers and markets and we expect them to become major growth drivers for the Company in the future.”

About RADA

RADA Electronic Industries Ltd. is an Israel-based defense electronics contractor. The Company specializes in the development, production and sales of Data Recording and Management Systems (Digital Video & Data recorders, Ground Debriefing Stations, Head-Up Display Cameras), Inertial Navigation Systems for air and land applications, Avionics Solutions (Aircraft Upgrades, Avionics for UAVs, Stores Management Systems, Mission & Interface Computers) and Tactical Radars for Force and Border Protection Solutions.

 

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.

About RADA

RADA Electronic Industries Ltd is a defense electronics system house specializing in the design, development, production and sales of advanced electronic systems for airborne and land applications. RADA provides complete system solutions designed primarily for the aerospace and defense market.

RADA's product lines include:

  • Tactical Land Radars
  • Inertial Navigation Systems
  • Avionics Systems and Upgrades

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