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RADA ELECTRONIC INDUSTRIES LIMITED ANNOUNCES RESULTS

 HERZLIYA PITUACH, Israel, Nov. 16 /PRNewswire/ -- RADA Electronic Industries Limited (NASDAQ: RADIF) announced today that its third quarter revenues were $8,550,000 compared to $9,105,000 in the comparable 1992 period while its net income for the 1993 quarter was $36,000 as compared to a loss of $612,000 in the 1992 quarter. Nine month revenues were $22,453,000 as compared to $24,505,000 in 1992 and net income was $118,000 as compared to a loss of $902,000 for the nine months ending Sept. 30, 1992. There are approximately 5,800,000 shares outstanding.
 The improvement shown in net income for the three and nine month periods in large measure reflects the reduction in expenses as a result of the restructuring efforts taken by the company over the past year.
 RADA Electronic Industries Limited is incorporated in Israel and has subsidiaries in the United States and Europe. The Company is engaged in the development and marketing of advanced electronic equipment for the aerospace and commercial aviation markets.
 -0- 11/16/93
 /CONTACT: Neil Pace of RADA Electronic Industries Limited, 212-861-1012/
 (RADIF)


CO: RADA Electronic Industries Limited ST: IN: CPR ARO SU: ERN

SH-JG -- NY040 -- 5028 11/16/93 11:24 EST
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Publication:PR Newswire
Date:Nov 16, 1993
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