RADA wins $3 million Order for Advanced Recorders Program
RADA Electronic Industries Ltd. - Ordinary Shares (RADA)
US:NASDAQ Investor Relations:
rada.com/corp/corporate-ir.html
Company Research
Source: GlobeNewswire
NETANYA, Israel, Feb. 15, 2018 (GLOBE NEWSWIRE) -- RADA Electronic Industries Ltd. (Nasdaq:RADA) announced today that RADA’s avionics business has won a first $3 million order for its cutting-edge, full-HD Digital Video Recorders (HD-DVR) for advanced trainer aircraft. The HD-DVR implements recordings of multiple digital video channels, enabling high bandwidth, low latency, uncompressed digital video recording and playback. This advanced recorder, which is in the forefront of recording and debriefing technology for fighters and trainer aircraft, is currently being considered by several other aircraft manufacturers, to be incorporated in fighters and trainers having full digital cockpit displays. Including this new order, orders for RADA’s Avionics business during the past few months have amounted to $10 million. The vast majority of these orders are expected to be delivered during 2018. Dov Sella, RADA’s CEO, commented, "While our Radar business is the growth engine of our
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