RADA receives UAV avionics order

RADA Electronic Industries Ltd. has received a $720,000 purchase order to deliver various avionics units for UAV application to an unnamed customer. Additional production orders expected to be received from the same customer during the next 3 years with total value of additional $1,000,000. Delivery of units currently on order is expected to be completed until the end of 2008. Commenting on the agreement, RADA's CEO, Mr. Zvika Alon said "We are beginning to receive production orders that follow our major investment in the development of various avionics units for UAVs. This order reveals the success of these developments and, at the same time, the trust we have from our UAV avionics customers."