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
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NETANYA, Israel, January 24 // -- RADA Electronic Industries Ltd. (NASDAQ: RADI), 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.
Company Contact:
Zvika Alon (V.P Business Development)
Tel: +972-9-892-1111
alon_zvika@rada.com
Source: RADA Electronic Industries Ltd
