SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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F O R M 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR
15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of January 2003
RADA ELECTRONIC INDUSTRIES LIMITED
(Name of Registrant)
7 Giborei Israel Street, Netanya 42504, Israel
(Address of Principal Executive Office)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Form 20-F X Form 40-F __
Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(1): __
Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(7): __
Indicate by check mark whether by furnishing the information contained in
this Form, the registrant is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes __ No X
If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82- ___________
This Form 6-K is being incorporated by reference into the Company's Form
F-3 Registration StatementFile No. 333-11716.
RADA ELECTRONIC INDUSTRIES LTD.
6-K Items
1. Rada Electronic Industries Ltd. Press Release re RADA to upgrade 50 A-4 /
T-4 ("Skyhawk")aircraft of the Israeli Air Force dated January 21, 2003.
ITEM 1
RADA Electronic Industries Ltd.
BUSINESS NEWS
FOR IMMEDIATE RELEASE
RADA to upgrade 50 A-4 / T-4 ("Skyhawk")
aircraft of the Israeli Air Force.
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Netanya, Israel, January 21th., 2003 - RADA Electronic Industries Ltd. (NASDAQ:
RADIF), today announced that the Israeli Airforce ("IAF") ordered an advanced
debriefing solution to be installed on board its entire A-4 / T-4 aircraft
("Skyhawk") fleet.
RADA's debriefing solution integrates four airborne units, an Inertial
Navigation System ("INS"), a Global Positioning System ("GPS"), an Airborne
Video Recorder ("AVTR") and a Data Processing Unit. The airborne system is
complemented by ground debriefing stations that enable air cadets to debrief a
three-dimensional display of the flight that is fully synchronized with the
Video and Audio recorded during flight.
The prototype system is expected to be delivered to the IAF in 2003 with serial
installation during 2004 and 2005.
"We are witnessing a significant strengthening in RADA's position as a leading
provider of complex technological solutions, as evidenced by this order of its
most important customer, the IAF and the Israeli Ministry of Defense" said
RADA's President and Chairman of the Board, Maj. Gen. (Res.) Herzle Bodinger
"This project will place RADA in an excellent position to offer potential
customers operating training aircraft around the world with an upgrade package
that will provide a modern technological air combat debriefing environment that
will enhance the training and safety of air cadets" said RADA's CEO, Adar
Azancot.
About RADA
RADA Electronic Industries Ltd. is an Israel based company involved in the
commercial and military aerospace industries. The company specializes in
Avionics (Data Acquisition Systems), Ground Debriefing Stations (Video, ACMI and
Maintenance) and Automatic Test Equipment. RADA employs about 110 people, many
of them are engineers.
Note: Certain statements in this press release are "forward-looking statements"
within the meaning of the Private Securities Litigation Act of 1995. Such
statements involve known and unknown risks, uncertainties and other factors that
may cause actual results to differ materially. Such risk uncertainties and other
factors include, but are not limited to, changes in general economic conditions,
risks in product and technology developments, market acceptance of new products
and continuing product demand, level of competition and other factors described
in the Company's Annual Reports on Form 20-F and other filings with the
Securities and Exchange Commission.
Company Contact: ADAR AZANCOT - C.E.O
RADA Electronic Industries
Tel: 011-972-9-892-1109
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Rada Electronic Industries Ltd.
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(Registrant)
By: /s/Herzle Bodinger
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Herzle Bodinger, Chairman
Date: January 21, 2003