RADA Electronic Industries Ltd. Announces Change of Symbol as a Result of a Reverse Stock Split of Its Ordinary Shares

Apr 03, 2001, 01:00 ET from RADA Electronic Industries Ltd.

    NETANYA, Israel, April 3 /PRNewswire/ --
 RADA Electronic Industries Ltd. (Nasdaq:   RADIF), announced that beginning
 tomorrow April 4, 2001, trading in the Company's Ordinary Shares is expected
 to reflect a 2.5 shares for 1 share reverse split.  The record date for the
 reverse split is today, April 3, 2001.
     The Company's Ordinary Shares are traded under the Nasdaq symbol: RADIF.
 A "D" will be appended to the Company's symbol for 20 trading days beginning
 April 4, 2001, to make investors aware of the reverse stock split.  During
 that period the Company's symbol will change to RADID.  After the 20 trading
 days, the "D" will be removed and the symbol will return to RADIF.
 
     About RADA
     RADA Electronic Industries specializes in the development, production and
 marketing of state-of-the-art automatic test equipment and avionics systems
 for civil and military aircraft industries.  The company is currently
 establishing itself as an international market leader in its field.  The
 Company possesses the assets of know how, professional manpower, extensive
 experience and a global reputation in its field.  RADA products have gained
 international recognition, and its client list includes the largest aircraft
 manufacturers in the world.
     RADA employs 100 people, many of them engineers.  Most of the employees
 work in the company's production plant in Beit She'an, Israel.  In mid-1998
 the company underwent a significant management and business reorganization
 with Major General (Res.) Herzle Bodinger, former Israeli Air Force Commander
 being appointed as President and CEO.
 
     RADA shares are traded on the Nasdaq National Market (RADIF).
 
     Company web site:  http://www.rada.com
 
     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 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 Reports, prospectuses and other
 filings with the Securities and Exchange Commission.
 
 

SOURCE RADA Electronic Industries Ltd.
    NETANYA, Israel, April 3 /PRNewswire/ --
 RADA Electronic Industries Ltd. (Nasdaq:   RADIF), announced that beginning
 tomorrow April 4, 2001, trading in the Company's Ordinary Shares is expected
 to reflect a 2.5 shares for 1 share reverse split.  The record date for the
 reverse split is today, April 3, 2001.
     The Company's Ordinary Shares are traded under the Nasdaq symbol: RADIF.
 A "D" will be appended to the Company's symbol for 20 trading days beginning
 April 4, 2001, to make investors aware of the reverse stock split.  During
 that period the Company's symbol will change to RADID.  After the 20 trading
 days, the "D" will be removed and the symbol will return to RADIF.
 
     About RADA
     RADA Electronic Industries specializes in the development, production and
 marketing of state-of-the-art automatic test equipment and avionics systems
 for civil and military aircraft industries.  The company is currently
 establishing itself as an international market leader in its field.  The
 Company possesses the assets of know how, professional manpower, extensive
 experience and a global reputation in its field.  RADA products have gained
 international recognition, and its client list includes the largest aircraft
 manufacturers in the world.
     RADA employs 100 people, many of them engineers.  Most of the employees
 work in the company's production plant in Beit She'an, Israel.  In mid-1998
 the company underwent a significant management and business reorganization
 with Major General (Res.) Herzle Bodinger, former Israeli Air Force Commander
 being appointed as President and CEO.
 
     RADA shares are traded on the Nasdaq National Market (RADIF).
 
     Company web site:  http://www.rada.com
 
     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 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 Reports, prospectuses and other
 filings with the Securities and Exchange Commission.
 
 SOURCE  RADA Electronic Industries Ltd.