RADA Electronic Industries (RADA) Announces Receipt of $1.1M MHR Order from Key Customer
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RADA Receives $1.1M in Initial Radar Orders from a Highly Strategic Asian Customer
November 30, 2016 8:00 AM ESTNETANYA, Israel, Nov. 30, 2016 (GLOBE NEWSWIRE) -- RADA Electronic Industries Ltd. (NASDAQ: RADA) today announced that it has received initial purchase orders to provide its advanced Multi-Mission Hemispheric Radars (MHR) to a highly strategic Asian customer. The value of these orders are over $1.1 million, and deliveries are expected to be completed within the first half of 2017.
The customer has placed initial orders with RADA for operational evaluation of the radars and immediate gap filling. The market potential for such tactical radars to this customer is expected to be... More
