NETANYA, Israel, 18 May 2005. RADA Electronic Industries Ltd. announced today it has received purchase orders from Lockheed Martin Aeronautics Co. to develop, test and deliver the next version of Lockheed's Structural Fatigue Tracking System (PERFORMS), and provide related services.
Total orders exceed $470,000 for delivery starting March 2005 and lasting through February 2006.
PERFORMS is an engineering analysis tool that provides for monitoring structural integrity and allowing for the optimizing of maintenance schedules of the air forces around the world operating the F-16. PERFORMS works together with Flight Data Recorders installed on the aircraft and is capable of receiving data from a variety of recorders made by RADA and Smiths Aerospace.
This will be the fourth version of the product RADA delivers, with each version adding critical capabilities. The PERFORMS program began 4 years ago, with 3 versions successfully delivered. The current version is planned to be delivered to the U.S. Navy, Portuguese Air Force, Belgian Air Force, Israeli Air Force, Greek Air Force, Jordanian Air Force and The Netherlands Air Force.
Commenting on the agreement, Adar Azancot, RADA's CEO said, "These contracts reaffirm the confidence Lockheed Martin has in RADA to develop a critical component in the F-16 Aircraft Structural Integrity Program. PERFORMS allows RADA to position itself as a key provider of maintenance tools to the growing community of 26 Air Forces that operate F-16's world-wide."
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), trainer upgrades, avionics systems for the UAV market, and electro-optic cameras for airplanes and armored vehicles. For more information, see www.rada.com.
