This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:RADA Signs $2.6 Million Contract With Lockheed Martin to Provide Ground Debriefing Systems for FMS F-16 Aircraft 2009-11-25 09:00 ET - News Release NETANYA, Israel, Nov. 25, 2009 (GLOBE NEWSWIRE) -- RADA Electronic Industries Ltd. (Nasdaq:RADA) has signed a $2.6 Million contract with Lockheed Martin Aeronautics Company (NYSE:LMT) to provide Ground Debriefing Systems for airborne digital video recordings, as part of Lockheed Martin's F-16 block 52 U.S. Foreign Military Sales (FMS) programs.
RADA's Ground Debriefing Systems (GDS) are used for post flight debriefings of digital recordings done onboard the aircraft. Debriefings include digital video, audio and 3-dimensional flight reconstruction. The airborne recordings are done by RADA's DVDR, selected 3 years ago by Lockheed Martin for F-16 FMS programs.
"Our relationships with Lockheed Martin have been continuously growing over the past few years," says Zvika Alon, CEO of RADA. "We aim to provide LM Aero with an extremely reliable and affordable family of products, including video and data recorders, airborne data servers and post-mission debriefing systems. We look forward to a prolonged and continuous collaboration."
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