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.
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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."
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.
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 Report on Form 20-F and other filings with the Securities and Exchange Commission.
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