EXHIBIT 99.1

RADA ELECTRONIC INDUSTRIES LTD.

FOR IMMEDIATE RELEASE

RADA Electronic Industries Announces

Full Year 2010 Results

Full Year Revenues increase by 52% to $26.7 million

Netanya, Israel, March 16, 2011 – RADA Electronic Industries Ltd. (NASDAQ: RADA) announced today its financial results for the quarter and  year ended December 31, 2010.

Full year 2010 highlights include:

·   Revenues of $26.7 million, a 52% Year over Year increase

·   Operating Profit of $1.9 million, a 90% Year over Year Increase.

·   Net Profit of $734,000, or $0.08 per share

Full Year 2010 Results

Revenues increased by 52% to $26.7 million from $17.5 million in 2009.

Gross Profit increased by 20% to $7.2 million from $6.0 million in 2009.

Operating Profit increased by 90% to $1.9 million from $1.0 million in 2009.

Financial Expenses totaled $1.2 million compared with financial expenses of $832,000 in 2009.

As a result, the Company reported a net profit of $734,000, or $0.08 per share, for 2010, an increase of 245% compared with a net profit of $213,000 or $0.02 per share, in 2009.

Fourth Quarter 2010 Results

Revenues increased by 39% to $9.6 million compared with $6.9 million in the fourth quarter of 2009.

Gross Profit increased by 21% to $3.1 million compared with $2.5 million in the fourth quarter of 2009.

Operating Profit increased by 27% to $1.4 million compared with $1.1 million in the fourth quarter of 2009.

Financial Expenses in the fourth quarter of 2010 increased to $349,000 compared with $208,000 in the fourth quarter of 2009.

As a result, the Company reported net profit for the quarter of $1.1 million, or $0.12 per share. This is compared with $976,000 net profit or $0.11 per share, for the comparable quarter in 2009.

Management Comment

Commenting on the results, Zvika Alon, RADA's Chief Executive Officer said, “ We saw a major increase in revenues during 2010. Even more encouraging was the increase in our operating profit, especially net profit, which more than tripled when compared with 2009. This increase is due in part to the large scale integration projects we are executing for our Latin American customers.  These integration projects have generated a 90% growth in operating profit, but based on a reduced gross margin. These large projects, along with other new contracts reported during 2010 together totaled approximately $28 million, and will continue to positively impact  our results during 2011.”

“Looking ahead to 2011,” continued Mr. Alon, “we expect to see sustained growth from key strategic regions such as Latin America as well as a further increase in  investment in research and development of our Inertial Navigation and Radar product families that we hope will become major growth drivers for the Company in the future.”

To arrange a call with management to discuss the results, please reach out to our Investor Relations contact, below.

About RADA

RADA Electronic Industries Ltd. is an Israel based defense electronics contractor. The Company specializes in Data Recording and Management (Digital Video & Data Recorders, Ground Debriefing Stations, Head-Up Display Cameras), Inertial Navigation Systems for air and land applications, Avionics Solutions (Aircraft Upgrades, Avionics for UAVs, Stores Management Systems, Mission & Interface Computers) and Radar Sensors for active protective systems for land vehicles.

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 Report on Form 20-F and other filings with the Securities and Exchange Commission.

Contact:

Shiri Lazarovich- C.F.O

RADA Electronic Industries Ltd.

Tel: +972-9-8921111

Shiri.Lazarovich@rada.com

Investor Relations Contact

Ehud Helft/ Porat Saar

+1 646 233 2161

Rada@ccgisrael.com

CONSOLIDATED BALANCE SHEETS

U.S. dollars in thousands, except share and per share data

ASSETS	December 31,
	2010			2009
CURRENT ASSETS:
Cash and cash equivalents	$	77		$	280
Restricted cash		1,448			760
Trade receivables (net of allowance for doubtful accounts of $ 71  at December 31, 2010 and 2009)		8,925			4,210
Other receivables and prepaid expenses		668			438
Costs and estimated earnings in excess of billings on uncompleted contracts		2,698			1,291
Inventories		5,530			5,038
Current assets of discontinued operation		2,137			1,985
Total current assets		21,483			14,002
LONG-TERM RECEIVABLES:
Restricted cash		725			-
Costs and estimated earnings in excess of billing on uncompleted contracts		745			537
Leasing deposits		76			65
LONG-TERM RECEIVABLES AND OTHERS		1,546			602
Property and equipment, net		2,374			2,498
Assets of discontinued operation		799			770
Total property, plant and equipment, net		3,173			3,268
OTHER ASSETS:
Intangible assets, net		309			530
Goodwill		587			587
Total other assets		896			1,117
Total assets	$	27,098		$	18,989
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Bank credit and current maturities of long-term loans	$	4,274		$	184
Trade payables		3,392			2,576
Convertible note from a shareholder, net		-			2,482
Other accounts payable and accrued expenses		5,508			3,259
Billings in excess of costs and estimated earnings on uncompleted contracts		471			515
Liabilities of discontinued operations		244			213
Total current liabilities		13,889			9,229
LONG-TERM LIABILITIES:
Loans from shareholders, net		881			1,410
Convertible note from a shareholder, net		2,598			-
Accrued severance pay and other long term liability		547			489
Total long-term liabilities		4,026			1,899
RADA SHAREHOLDERS' EQUITY
Share capital -
Ordinary shares of NIS 0.015 par value - Authorized: 16,333,333 shares at December 31, 2010 and 2009; Issued and outstanding: 8,868,857 at December 31, 2010 and 2009.		119			119
Additional paid-in capital		70,060			69,578
Accumulated other comprehensive income		392			316
Accumulated deficit		(61,988	)		(62,722	)
Total RADA shareholders’ equity		8,583			7,291
Noncontrolling interest		600			570
Total equity		9,183			7,861
Total liabilities and equity	$	27,098		$	18,989

CONSOLIDATED STATEMENTS OF OPERATIONS

U.S. dollars in thousands, except per share data

	Year ended December 31,			Three months ended December  31,
		2010	2009		2010	2009
		Audited			Unaudited
Revenues:
Products		$    25,735	$    16,010		$      9,304	$      6,640
Services		944	1,533		277	253
		26,679	17,543		9,581	6,893
Cost of revenues:
Products *)		19,264	11,084		6,433	4,274
Services		205	439		60	72
		19,469	11,523		6,493	4,346
Gross profit		7,210	6,020		3,088	2,547
Operating costs and expenses:
Research and development, net		1,182	1,616		246	336
Marketing and selling *)		2,556	1,602		871	540
General and administrative		1,596	1,815		543	543
Total operating costs and expenses		5,334	5,033		1,660	1,419
Operating profit		1,876	987		1,428	1,128
Financial expenses, net		1,184	832		349	208
Net income  from continuing operations		692	155		1,079	920
Net income  from discontinued operations		42	58		10	56
Net income attributable to RADA shareholders		$         734	$         213		$      1,089	$         976

CONSOLIDATED STATEMENTS OF OPERATIONS

U.S. dollars in thousands, except per share data

	Year ended December 31,							Three months ended December  31,
		2010		2009			2010		2009
Net income per share:
Basic and diluted net income per Ordinary share from continuing operations			$         0.08		$         0.02	$         0.12				$         0.10
Basic and diluted net income per Ordinary share from discontinuing operations			$         0.004		$         0.01	$         0.001				$         0.01
Basic and diluted net income  per Ordinary share attributable for RADA Electronic Industries shareholders			$         0.08		$         0.02	$         0.12				$         0.11
Weighted average number of Ordinary shares used  for computing basic and diluted net income per share			8,868,857		8,862,544	8,868,857				8,868,857

*) Reclassification

In December 2010, the company entered into an agreement to sell its Chinese subsidiary. Accordingly, this subsidiary meets the criteria of held for sale in accordance with ASC 360-10 and qualifies for reporting as a discontinued operation in accordance with  ASC 205-20 as of December 31, 2010.  Therefore, the results of operations of CACS have been classified as discontinued operations in the statement of operations and prior periods results have been reclassified accordingly. In addition, the comparative data of the Company’s assets and liabilities have been reclassified as assets and liabilities attributed to discontinued operations in the balance sheets.