SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
----------------------
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
July 2006
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 Registrant's Form F-3
Registration Statements File Nos. 333-12074, 333-115598, 333-117954, and
333-127491 and Form S-8 Registration Statement File No. 333-111437.
RADA ELECTRONIC INDUSTRIES LTD.
6-K Items
1. Press Release re Lockheed Martin Aeronautics Selects Smiths and
Subcontract Partner, RADA, to Provide Digital Video Recorder and
Ground Debriefing Systems for the F-16 Peace Xenia IV and Future FMS
Programs dated July 17, 2006.
2. Press Release re RADA Received Orders Valued at Just Over $480,000
From Lockheed Martin Aeronautics to Develop, Test and Deliver the Next
Version of "PERFORMS" - the F-16 Structural Fatigue Tracking System,
and Related Services dated July 18, 2006.
ITEM 1
Press Release Source: Rada Electronic Industries Ltd
Lockheed Martin Aeronautics Selects Smiths and Subcontract Partner, RADA,
to Provide Digital Video Recorder and Ground Debriefing
Systems for the F-16 Peace Xenia IV and Future FMS Programs
Monday July 17, 9:00 am ET
The Lockheed Selection Positions RADA as Major Supplier of Airborne Digital
Video Recorders and Ground Debriefing Systems
NETANYA, Israel, July 17 /PRNewswire-FirstCall/ -- RADA Electronic Industries
Ltd. (NASDAQ: RADI - News) announced today that it was formally notified by
Smiths Aerospace that Lockheed Martin Aeronautics has concluded the evaluation
and source selection for the procurement of the Digital Video Recorder (DVR),
the Removable Data Cartridge (RDC), and the Ground Debriefing Station (GDS) in
Support of the F-16 Peace Xenia IV Program with an option for future F-16 sales.
Smiths Aerospace has been selected for the program, with a subcontract to RADA.
The RADA Electronic Industries subcontract for the Peace Xenia IV program
exceeds $1.7 million.
Lockheed Martin Aeronautics' selection of the Smiths Aerospace - RADA DVR and
GDS for the F-16 follows the Boeing Company selection of the same products in
support of the US NAVY T-45 Digital Video Recorder and Processor (DVRP) and
other significant programs currently performed by RADA . Smiths Aerospace and
RADA estimate that the 10,000+ VTRs that are currently installed on various
aircrafts will be replaced by digital recorders.
Commenting on the selection, Maj. Gen. (Res.) Herzle Bodinger, RADA's Chief
Executive Officer said, "This award further strengthens our excellent
relationship with Smiths, that was established over 8 years ago and is currently
manifested in joint development and production programs, as well as marketing
activities. The Lockheed selection indicates that our strategy in penetrating
the US market through cooperation with American partners is correct."
Zvi Alon, RADA's V.P. of Business Development said, "This award is the first
time when a RADA developed unit is selected to be part of the baselineF-16
configuration. We are proud to have our products installed on both Lockheed
Martin Aeronautics and the Boeing Company aircraft".
About RADA
RADA Electronic Industries Ltd. is an Israel based company involved in the
military and commercial aerospace industries. The Company specializes in
Avionics systems (Digital Video Recorders, Ground Debriefing Stations, Stores
Management Systems, Flight Data Recorders, Inertial Navigation Systems),
Trainers Upgrades, Avionics systems for the UAV market, and Electro optic
cameras for airplanes and armoured vehicles.
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 Report on Form 20-F and other filings with the Securities
and Exchange Commission.
Company Contact:
Elan Sigal (Chief Financial Officer)
Tel: +972-9-892-1129
elan_sigal@rada.com
ITEM 2
Press Release Source: Rada Electronic Industries Ltd
RADA Received Orders Valued at Just Over $480,000 From Lockheed Martin
Aeronautics to Develop, Test and Deliver the Next Version of "PERFORMS" - the
F-16 Structural Fatigue Tracking System, and Related Services
Tuesday July 18, 9:00 am ET
NETANYA, Israel, July 18 /PRNewswire-FirstCall/ -- RADA Electronic Industries
Ltd. (Nasdaq: RADI - News) announced today it has received purchase orders from
Lockheed Martin Aeronautics Company to develop, test and deliver the next
version of Lockheed's Structural Fatigue Tracking System (PERFORMS), and provide
related services. Total orders amount to $480,000, for delivery starting March
2006 and lasting through February 2007.
PERFORMS is an engineering analysis tool that provides for monitoring the
structural integrity and allowing for the optimizing of maintenance schedules of
the Air Forces around the world operating the F-16. PERFORMS works together with
Flight Data Recorders installed on the aircraft and is capable of receiving data
from a variety of recorders operating on board all F-16 versions.
This will be the fifth version of the product RADA delivers, with each version
adding critical capabilities. The PERFORMS program has begun 5 years ago, with 4
versions successfully delivered. The current version is planned to be delivered
to the Air Forces of the US (including the US Navy), Portugal, Belgium, Israel,
Greece, Jordan, the Netherlands, Turkey, Chile, Oman, Poland and South Korea.
Commenting on the agreement, Maj. Gen. (Res.) Herzle Bodinger, RADA's Chief
Executive Officer said, "These contracts reaffirm the confidence Lockheed Martin
has in RADA to develop a critical component in the F-16 Aircraft Structural
Integrity Program. PERFORMS allows RADA to position itself as a key provider of
maintenance tools to the growing community of 26 Air Forces operating F-16 world
wide."
About RADA
RADA Electronic Industries Ltd. is an Israel based company involved in the
military and commercial aerospace industries. The Company specializes in
Avionics systems (Digital Video Recorders, Ground Debriefing Stations, Stores
Management Systems, Flight Data Recorders, Inertial Navigation Systems),
Trainers Upgrades, Avionics systems for the UAV market, and Electro optic
cameras for airplanes and armoured vehicles.
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 Report on Form 20-F and other filings with the
Securities and Exchange Commission.
Company Contact:
Elan Sigal (Chief Financial Officer)
Tel: +972-9-892-1129
elan_sigal@rada.com
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: July 18, 2006