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
March 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 US NAVY to Become Fourth Air Force to Equip its F-16
Aircraft with the RADA FACE System for a Value over $1.5 Million dated
March 24, 2004.
ITEM 1
Press Release Source: Rada Electronic Industries Ltd
US NAVY to Become Fourth Air Force to Equip its F-16
Aircraft with the RADA FACE System for a Value over $1.5 Million
Wednesday March 24, 1:20 pm ET
NATANYA, Israel, March 24 /PRNewswire-FirstCall/ -- Following similar contracts
with the Royal Netherlands Air Force, the Royal Belgium Air Force and recently
with the Portuguese Air Force - RADA Electronic Industries Ltd. (NASDAQ: RADIF -
News) announced today it has singed a contract with the United States Navy to
equip its new F-16 squadron with the FACE system.
FACE is a flight data recorder aimed at fatigue monitoring, maintenance and
safety. Two prototypes were delivered successfully and the delivery of the
serial production units is expected to be complete before year-end. The contract
value exceeds $1.5 million. The US Navy has recently received the PERFORMS
software package developed by LM Aero and RADA that enables ground extraction
and analysis of FACE recorded data to generate maintenance recommendations
regarding the fatigue status of the aircraft.
"The US Navy purchase program validates the recognition FACE has earned as
standard equipment on board F-16 A/B. We are encouraged by the continued
satisfaction of our current FACE system customers and look forward to
introducing FACE to other air forces," said Zvika Alon, Vice President for
Business Development. "The fact that US Navy is also using PERFORMS makes it the
first Air Force that completes the circle of airborne recorder and ground
support software provided by RADA."
Commenting on the contract, Chief Executive Officer, Adar Azancot, said, "This
program is our first direct contract with the US Government. We are honored to
have gained the confidence of the biggest defense customer in the world."
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.
Contact: Zvika Alon, V.P Business Development, RADA Electronic Industries Ltd.
Tel: +972-9-8921111
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: March 24, 2004