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RADA Electronic Industries Announces Second Quarter 2009 Results

Wed, 26 Aug 2009 13:46:00 GMT

NETANYA, Israel, Aug. 26, 2009 (GLOBE NEWSWIRE) -- RADA Electronic Industries Ltd. (Nasdaq:RADA) reported today its financial results for the second quarter ended June 30, 2009.
The company reported a net loss of $951,000 for the second quarter of 2009, compared to a net loss of $672,000 in the second quarter of 2008.
For the six-month period ended June 30, 2009, revenues were $7.1 million, a decrease of 2.6% compared with revenues of $7.3 million for the same period in 2008.

RADA Electronic Industries Ltd. Has Received Over $3.2M Follow-on Production and Maintenance Orders

Mon, 06 Jul 2009 12:25:00 GMT

RADA Electronic Industries Ltd. announced today that it has received in the second quarter of 2009 follow-on production and maintenance orders with total value exceeding $3,200,000 to deliver various video and data recorders, inertial navigation systems and various avionics products to customers worldwide.[More...]

RADA Electronic Industries Announces First Quarter 2009 Results; Company Reports 11% Increase in Revenues and Net Profit

Thu, 21 May 2009 13:48:00 GMT

NETANYA, Israel, May 21, 2009 (GLOBE NEWSWIRE) -- RADA Electronic Industries Ltd. (Nasdaq:RADA) reported today its financial results for the quarter ended March 31, 2009.
Financial income was $95,000 compared with financial expenses of $432,000 in the first quarter of 2008, which includes $240,000 income and $110,000 expenses from the changes of the U.S. dollar against the Israeli Shekel, for the quarters ended March 31, 2009 and 2008, respectively.
As a result, the Company reported net profit of $42,000 or $0.01 per share.

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RADA Electronic Industries Ltd. Supplies to Axxana the Black Box for Its Phoenix Disaster Recovery EDR System

Mon, 04 May 2009 12:57:00 GMT

RADA Electronic Industries Ltd. , announced today that it has supplied the Black Box for Axxana's Phoenix Disaster Recovery EDR System, following successful completion of intensive environmental qualification testing.[More...]

RADA Electronic Industries Ltd. Announces Filing of Annual Report

Thu, 02 Apr 2009 19:02:00 GMT

RADA Electronic Industries Ltd. today announced it has filed its annual report on Form 20-F containing audited consolidated financial statements for the year ended December 31, 2008 with the U.S. Securities and Exchange Commission. The annual report is available on the Company's website at www.rada.com. Shareholders may receive a hard copy of the annual report free of charge upon request.[More...]

RADA Electronic Industries Ltd. Has Received Over $1.9M Follow-On Production and Maintenance Orders

Mon, 30 Mar 2009 14:04:00 GMT

RADA Electronic Industries Ltd. , announced today that it has received in the past few months follow-on production and maintenance orders with total value exceeding $1,900,000 to deliver Inertial Navigation Systems, various avionics products and Automated Test Equipment to various customers.[More...]

RADA Electronic Industries Announces Full Year 2008 Results

Mon, 16 Mar 2009 16:10:00 GMT

RADA Electronic Industries Ltd. today reported its financial results for the year ended December 31, 2008. The company reported revenues in 2008 of $17.9 million, an increase of 27% from 2007. Rada's gross profit increased 26% to $4.2 million in 2008 from $3.3 million in 2007. The gross margin was 24% in both 2008 and 2007. The Company had operating profit of $110,000 in 2008 compared to an operating loss of $387,000 in 2007. As a result, the Company reported a net loss of $576,000 or $0.07 per share. This compares with a net loss of $1.08 million or $0.12 per share, for the year ended December 31, 2007.[More...]

RADA Electronic Industries Ltd. Has Received Over $2.0M of Follow-on Production and Maintenance Orders

Mon, 02 Mar 2009 13:26:00 GMT

RADA Electronic Industries Ltd. , announced today that it has received in the past few months follow-on production and maintenance orders with total value exceeding $2,000,000 to deliver Recorders, Head Up Display Cameras, Ground Debriefing Stations and other products to various customers.[More...]

RADA Electronic Industries Ltd. Announces Receipt of a Favorable Judgment in the Pending Legal Proceedings With Its Former CEO

Tue, 17 Feb 2009 17:08:00 GMT

RADA Electronic Industries Ltd. today reported that the Regional Labor Court in Tel Aviv has determined that its former CEO and Chairman of the Board of Directors, Mr. Haim Nissenson, is required to repay the US$ 485,000 of loans he received from the Company together with accrued interest and linkage difference as provided by law. The Court also denied all of Mr. Nissenson's claims and allegations against Mr. Herzle Bodinger, the Company's current Chairman of the Board, as well as substantially all of Mr. Nissenson's claims against the Company, except for payment of recuperation fees and vacation fees in the aggregate amount of NIS 109,000, together with accrued interest and linkage differences, as provided by law. The Court found that the retirement agreement between the Company and Mr. Nissenson is null and void since it was not legally approved, tainted with misleading information provided by Mr. Nissenson and included provisions that were not properly approved by the Company's Board of Directors.[More...]

RADA Electronic Industries Ltd. Has Received a $1.8M Order to Produce and Deliver Advanced Video Recording Systems and Head Up Display Cameras for a Strategic Customer in Latin America

Thu, 12 Feb 2009 15:36:00 GMT

RADA Electronic Industries Ltd. announced today, at the Aero India show in Bangalore, India that it has received purchase orders with total value of $1.8 Million to produce and deliver its advanced airborne video and data recording system and Head Up Display Cameras to a strategic customer in Latin America.[More...]