This Day On The Street
Continue to site
ADVERTISEMENT
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

Photo Release -- RADA Announces First International Order For Its Multi-Mission Hemispheric Radars (MHR)

NETANYA, Israel, June 20, 2013 (GLOBE NEWSWIRE) -- RADA Electronic Industries (Nasdaq:RADA) announces the reception of the first international purchase order for its advanced Multi-Mission Hemispheric Radars (MHR). The customer is a US company, which will utilize the radars in a development program. The radars will be delivered in summer of 2013.

MHR on a Tripod during Live Fire Tests
MHR on a Tripod during Live Fire Tests

A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=19436 The MHR is a cutting-edge, software-defined pulse-Doppler radar platform that can host various operational missions, which can be executed either separately or time-interleaved. The MHR has an Active Electronically Scanned Array (AESA) S-Band antenna which provides more than 90º in azimuth and elevation. It is entirely solid-state and digital, compact and mobile, and introduces unprecedented Performance-to-Price ratio.

According to Zvi Alon, RADA's CEO, "We are delighted with the market recognition indications of the superior performance and affordability of our MHR, and its applicability to numerous applications and operational missions. We anticipate that during 2013 additional select customers will place orders for the MHRs, which are now at low-rate initial production phase. By the end of 2013 we plan to establish the serial production of our radars."

About RADA

RADA Electronic Industries Ltd. is an Israel-based defense electronics contractor. The Company specializes in the development, production, and sales of Tactical Land Radars for Force and Border Protection, Inertial Navigation Systems for air and land applications, and Avionics Systems and Upgrades.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs