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Thursday, October 18, 2007

RADA Wins UAV Avionics Deal

Israel-based RADA Electronic Industries said it received a $720,000 purchase order to deliver various avionics units for unmanned aerial vehicle (UAV) application to an unnamed customer. Additional production orders expected to be received from the same customer during the next 3 years with total value of additional $1 million. Delivery of units currently on order is expected to be completed until the end of 2008.