December 8, 2009 (FinancialWire) — RADA Electronic Industries Ltd. (NASDAQ: RADA) has signed a contract to upgrade the aircraft of a customer in Latin America, having a value of close to $7M.

The contract activates the first phase of a multi-phased program. This first phase will be executed during 2010. The program involves integration of products from international subcontractors.

“Latin America is a strategic growth region for RADA,” said Zvika Alon, RADA CEO.

RADA Electronic Industries Ltd. is an Israel-based defense electronics contractor. The company specializes in Avionics Solutions (Aircraft Upgrades, Stores Management Systems, Mission Computers), Avionics for UAVs, Data/Video Recording and Management solutions, and Inertial Navigation Systems for UAVs and manned vehicles.

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