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 2004
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 Statement File No. 333-11716.
RADA ELECTRONIC INDUSTRIES LTD.
6-K Items
1. Press Release re RADA Received First 3 Purchase Orders of Value Over $3.1
Million for Production of Jointly Smiths - RADA Developed DAS dated January
22, 2004.
ITEM 1
Press Release Source: RADA Electronic Industries Ltd.
RADA Received First 3 Purchase Orders of Value Over $3.1 Million for Production
of Jointly Smiths - RADA Developed DAS
Thursday January 22, 2:25 pm ET
NATANYA, Israel, Jan. 22 /PRNewswire-FirstCall/ -- RADA Electronic Industries
Ltd. (Nasdaq: RADIF - News) announced today it has received first 3 purchase
orders, from Smiths Aerospace - Electronic Systems Grand Rapids, to produce,
test and deliver over 100 Data Acquisition Units. Total P.O. value is exceeding
$3.1 million for deliveries beginning in the second quarter of 2004.
These production orders follow successful completion of the DAS joint
development phase and are outcome of the strategic teaming agreement signed
between the two companies October 2003.
Smiths and RADA estimate that the DAS market will be in excess of 2000 units
during the next few years with applications for new aircraft and as replacement
systems for existing aircraft. Various U.S.-made aircraft programs have already
selected the DAS as their flight data recorder.
Commenting on the agreement, Adar Azancot, RADA's Chief Executive Officer said,
"These purchase orders are the first indication that the Smiths - RADA teaming
agreement potential to generate $90 million in revenues for RADA over the next
ten years is beginning to materialize."
About RADA
RADA Electronic Industries Ltd. is an Israel based company involved in the
military and commercial aerospace industries. The company specializes in
Avionics, Ground Debriefing Stations (Video, ACMI and Maintenance) and Automatic
Test Equipment.
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.
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.
(Registrant)
By: /s/Herzle Bodinger
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Herzle Bodinger, Chairman
Date: January 22, 2004