SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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
January 2007
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 Northrop Grumman Space & Mission Systems Corporation
Signs a Teaming Agreement With RADA Electronic Industries Ltd. in
Support of Skyguard(TM) Tactical Rocket Shield System for the State of
Israel dated January 24, 2007.
ITEM 1
Press Release Source: RADA Electronic Industries Ltd
Northrop Grumman Space & Mission Systems Corporation Signs a Teaming Agreement
With RADA Electronic Industries Ltd. in Support of Skyguard(TM) Tactical Rocket
Shield System for the State of Israel
Wednesday January 24, 9:00 am ET
NETANYA, Israel, January 24 /PRNewswire-FirstCall/ -- RADA Electronic Industries
Ltd. (NASDAQ: RADI - News), announced today that it has signed a Teaming
Agreement with Northrop Grumman Space & Mission Systems Corporation of Redondo
Beach, California ("NGST") to pursue together and cooperate in the construction
and installation of the Skyguard(TM) High Energy Laser Defensive System aimed at
hostile rockets and missiles interception for use by the State Of Israel.
NGST and RADA will cooperate in performing contracts resulting from the
procurement of the Tactical Rocket Shield in which NGST is proposing the
Skyguard(TM), in case such system is selected by the State of Israel.
The Parties agreed to cooperate during all phases of the effort, starting at the
source selection until the system is installed and operated. The parties also
agreed to exchange technical data and technology, as authorized by appropriate
government approvals, in support of this program.
RADA Role, as sub contractor to NGST, will be to support NGST in securing the
prime contract for sale of the Skyguard(TM) in Israel, participate in the
construction, installation and operation of the system and supply equipment and
services to NGST during the program.
Commenting on the agreement, Maj. Gen. (Ret.) Herzle Bodinger, RADA President
and CEO, said "We believe that the Skyguard(TM) is an excellent solution for the
defense of Israeli civilian population against the continuous rocket and missile
attacks. The Skyguard(TM) enables installation in the shortest period and at the
same time, provides efficient and cost effective defense against these threats.
We are proud to team with NGST, a world leader in High Energy Laser Defense
Systems, and we are looking forward to begin the joint effort with them."
Skyguard(TM) is the end product of over thirty years of development of laser
weapon systems by NGST. Skyguard(TM) has higher power and a larger beam than
previous designs, making it a much more capable system.
A single Skyguard(TM) system can defend a large civilian population or
industrial area, large military installation and/or deployed forces. The first
Skyguard(TM) system could be deployed in Israel within 18 months of date of
order.
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 armored 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:
Zvika Alon (V.P Business Development)
Tel: +972-9-892-1111
alon_zvika@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: January 24, 2007