Netanya, Israel (GLOBE NEWSWIRE) -- RADA Electronic Industries Ltd. (Nasdaq:RADA) has signed a contract to upgrade the aircraft of a customer in Latin America, having a value of close to $7M.
The contract activates the first phase of a multi-phased program. This first phase will be executed during 2010. The program involves integration of products from international subcontractors.
"Latin America is a strategic growth region for RADA. We are extremely pleased with the trust that the customer has put in us to execute such a complex program," says Zvika Alon, RADA CEO. "We continue to offer similar programs to our strategic customers worldwide."
RADA Electronic Industries Ltd. is an Israel-based defense electronics contractor. The Company specializes in Avionics Solutions (Aircraft Upgrades, Stores Management Systems, Mission Computers), Avionics for UAVs, Data/Video Recording and Management solutions, and Inertial Navigation Systems for UAVs and manned vehicles.
SOURCE: RADA Electronic Industries Ltd.
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