Netanya, Israel, February 25, 2018 - RADA Electronic Industries Ltd. Press Release - Herzle Bodinger Retires From RADA's Board of Directors

Netanya, Israel. February 22, 2018 – RADA Electronic Industries Ltd. (Nasdaq: RADA) reported today that on February 20, Mr. Herzle Bodinger retired from his office as a member of the Board of Directors of the Company, for personal reasons. This follows more than 20 years of service to RADA, including 4 years as CEO and 18 years as Chairman of the Board of Directors, and as Board member.

Mr. Yossi Ben Shalom, RADA’s Chairman of the Board, stated: "Herzle served RADA for more than 20 years, and is one of the cornerstones of the development and growth of the Company. Under Herzle's leadership RADA, evolved from its traditional automated test equipment business to high-end avionics and tactical radar systems. We thank Herzle for his outstanding leadership, loyalty and contribution to the stabilization and growth of the company. I would like to join the rest of the Board and the employees of RADA, in wishing him good health and happiness. He will always remain a cherished part of the RADA family."

 About RADA Electronic Industries Ltd.

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 and Avionics Systems (including Inertial Navigation Systems) for fighter aircraft and UAVs.

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.

   

 Company Contact:
 Avi Israel | CFO  
 RADA Electronic Industries LTD. 
 Tel: +972-9-892-1111
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Cautionary Statement Regarding Forward-Looking Statements Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.