To: GARY P GROBBEL who wrote (9962 ) 6/16/2003 11:38:13 AM From: GARY P GROBBEL Respond to of 120415 RADIF offer .68...13m out: (COMTEX) B: RADA Electronic Industries Ltd. and Smiths Aerospace Sign Team B: RADA Electronic Industries Ltd. and Smiths Aerospace Sign Teaming Agreement LE BOURGET, France, June 15, Jun 15, 2003 /PRNewswire-FirstCall via Comtex/ -- RADA Electronic Industries Ltd. (Nasdaq: RADIF) and Smiths Aerospace have agreed to expand the relationship between the two companies through a Teaming Agreement. The Agreement includes joint development, production and marketing of data management equipment and ground based training systems. As a baseline, the agreement relates to the jointly developed Digital Acquisition System, Smiths' Advanced Data Transfer Equipment / Digital Video Recording and RADA Squadron Information Management Network / Debrief System. These systems and planned derivatives will expand growth opportunities in the military marketplace by building on the technical and market strengths of both companies. Smiths and RADA have collaborated since the Peace Marble V program during which they jointly developed the Digital Acquisition System, the Advanced Data Transfer Equipment / Digital Video Recording and the Squadron Information Management Network / Debrief System. The Agreement includes Smiths Aerospace businesses located in Michigan and Maryland and RADA's businesses located in Netanya and Beit She'an, Israel. About RADA: RADA Electronic Industries Ltd. is an Israel based company involved in the military and commercial aerospace industries, with 110 staff. The company specializes in Avionics, Ground Debriefing Stations (Video, ACMI and Maintenance) and Automatic Test Equipment. About Smiths: Smiths Aerospace is the leading transatlantic aerospace equipment company, with 12,000 staff and $2 billion revenue split equally between Europe and North America. Smiths Aerospace holds key positions in the supply chains on all major military and civil aircraft and engine manufacturers supplying integrated solutions. Strategically organized businesses focus on systems in electronics, actuation, detection, security, and marine, as well as precision components and customer services. Note: 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 are 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 on Form 20-F and other filings with the Securities and Exchange Commission. Company Contact: Zvi Alon - VP Business Development RADA Electronic Industries Tel: 011-972-9-892-1111 SOURCE RADA Electronic Industries Ltd. CONTACT: Zvi Alon, VP Business Development of RADA Electronic Industries, +972-9-892-1111 URL: prnewswire.com Copyright (C) 2003 PR Newswire. All rights reserved. -0- KEYWORD: France Israel Maryland Michigan INDUSTRY KEYWORD: ARO CPR SUBJECT CODE: JVN *** end of story ***