This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

RADA Reports New Orders Of $3.5 Million In The Third Quarter Of 2010

NETANYA, Israel, Oct. 18, 2010 (GLOBE NEWSWIRE) -- RADA Electronic Industries Ltd. (Nasdaq:RADA) announced that it has received new orders worth over $3.5 million during the third quarter of 2010. Of this, $1.2 million is for the development and adaptation of avionic units for fighter aircraft upgrades. An additional $0.8 million is the first production order for a recently-developed advanced Inertial Navigation System (INS). The remainder is follow-on production and maintenance orders from various customers worldwide.

The ordered systems are installed on the most advanced military aircrafts in production today. The majority of orders are scheduled for delivery in 2011.

The Company also reported accumulated new orders of over $20 million for the first 9 months of 2010, an increase of 33% when compared with the first 9 months of last year, which saw $15 million in new orders.

Zvika Alon, RADA CEO, commented: "We are encouraged by the continued increase in our backlog during 2010, which serves as the basis for our continued growth in the coming years. In particular, the contract for $1.2 million is with a strategic South American customer and demonstrates this customer's confidence in RADA by adding navigation products to the cameras and recorders it was traditionally purchasing for aircraft production as well as aircraft upgrades. We believe this region represents a strong opportunity for growth for our company, and that a large portion of our new sales in the future will originate in Latin America."

Alon added, "The first production order of our Inertial Navigation System, following the completion of its development, is a positive indication as well. RADA's navigation products are becoming mature and more widely known to our customers as well as the global defense community. We look forward to increasing orders and higher sales volume of these products in the coming years."

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,778.15 +421.28 2.43%
S&P 500 2,061.23 +48.34 2.40%
NASDAQ 4,748.3960 +104.0840 2.24%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs