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RADA president and CEO Zvi Alon said, "This is one of the most significant programs for the company in recent years, and affects the company backlog for a few years to come. This agreement reinforces the confidence of the market in RADA's advanced recording solutions".
RADA specializes in avionics systems digital video recorders, ground debriefing stations, mission computers, and flight data recorders. The company's share closed at $1.60 on Nasdaq yesterday, giving a market cap of $14.2 million.
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