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September 15, 2009 (FinancialWire) -- RADA Electronic Industries Ltd. (NASDAQ: RADA | Quote | Chart | News | PowerRating) has has received a $3.6 million follow-on purchase order from the Israeli Ministry of Defense to produce the advanced airborne video and data management system (Video Management System - VMS) for the Israeli Air Force aircraft. Delivery of the units will be completed until the end of 2010. The VMS is the latest generation of RADA's Digital Video Recorder, which is one of RADA's current most-selling products worldwide and has been in production for several years now. Zvi Alon, RADA's CEO, commented on this purchase order: "This follow-on production order proves the confidence of the IAF in RADA's advanced solutions to airborne video and data management. We are confident that other air forces worldwide will follow the IAF and enhance the sales potential of this advanced system." FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net. Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279). http://www.financialwire.net For full details for RADA click here.
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