SECURITIES AND EXCHANGE COMMISSION
                              Washington D.C. 20549
                                   FORM 20-F/A
                                 Amendment No. 1

     [ ]       REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR
                  12 (g) OF THE SECURITIES EXCHANGE ACT OF 1934
                                       or
     [X]        ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934
                   For the fiscal year ended December 31, 2003
                                       or
     [X]    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934
                  For the transition period from _____ to _____

                         Commission file number: 0-15375

                         RADA ELECTRONIC INDUSTRIES LTD.
              (Exact Name of Registrant as Specified in Its Charter
               and Translation of Registrant's Name Into English)

                                     Israel
                                (Jurisdiction of
                         Incorporation or Organization)

                 7 Giborei Israel Street, Netanya 42504, Israel
                    (Address of Principal Executive Offices)

Securities registered or to be registered pursuant to Section 12(b) of the Act:

                                      None

Securities registered or to be registered pursuant to Section 12(g) of the Act:

                      Ordinary Shares, NIS 0.005 Par Value
                                (Title of Class)

Securities for which there is a reporting  obligation  pursuant to Section 15(d)
of the Act:
                                      None
                                (Title of Class)

Indicate the number of  outstanding  shares of each of the  issuer's  classes of
capital  or common  stock as of the close of the  period  covered  by the annual
report:

     Ordinary Shares, par value NIS 0.005 per share...............18,542,383

    Indicate by check mark whether the registrant: (1) has filed all reports
    required to be filed by Section 13 or 15(d) of the Securities Exchange Act
    of 1934 during the preceding 12 months (or for such shorter period that the
    registrant was required to file such reports), and (2) has been subject to
    such filing requirements for the past 90 days.

                                 Yes X No __

Indicate by check mark which financial statement item the registrant has elected
to follow:

                               Item 17 __  Item 18 X

This annual report on Form 20-F/A is incorporated by reference into the
registrant's Registration Statement on Form F-3, Registration No. 333-12074.






                                Explanatory Note

         This Amendment No. 1 on Form 20-F/A of RADA Electronic Industries Ltd.
for the fiscal year ended December 31, 2003 is being filed solely to amend "Item
19.A. The Offer and Listing--Offer and Listing Details" to reflect that for the
Annual Stock Information and Quarterly Stock Information tables the Registrant's
ordinary shares were listed on the Nasdaq National Market prior to June 10, 2002
and the Nasdaq SmallCap Market from June 10, 2002 and after and that for the
Monthly Stock Information table the Registrant's ordinary shares were listed on
the Nasdaq SmallCap Market.

         Other than as expressly set forth above, this Form 20-F/A, and the
exhibits filed herewith, does not, and does not purport to, amend, update or
restate the information in the Form 20-F or reflect any events that have
occurred after the Form 20-F was filed.






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                                TABLE OF CONTENTS

                                                                        Page No.
                                                                        --------

PART II......................................................................2

ITEM 9.   THE OFFER AND LISTING..............................................2
             A.  Offer and Listing Details...................................2

PART III.....................................................................4

ITEM 19.  EXHIBITS...........................................................4

S I G N A T U R E S..........................................................5


                                       1





                                     PART II


ITEM 9.  THE OFFER AND LISTING
         ---------------------

A.       OFFER AND LISTING DETAILS

Annual Stock Information

         The following table sets forth, for each of the years indicated, the
range of high ask and low bid prices of our ordinary shares on the Nasdaq
SmallCap Market or the Nasdaq National Market prior to June 10, 2002:



         Year                                         High *        Low *
         ----                                        -------       --------
         1999....................................    $4.7655       $2.3437
         2000....................................    10.4687        1.7967
         2001....................................     2.577         1.48
         2002....................................     1.8           0.54
         2003....................................     2.37          0.41


Quarterly Stock Information

         The following table sets forth, for each of the full financial quarters
in the years indicated, the range of high ask and low bid prices of our ordinary
shares on the Nasdaq SmallCap Market or the Nasdaq National Market prior to June
10, 2002:

         2002                                        High           Low
         ----                                        -----         -----
         First Quarter...........................    $1.8          $1.55
         Second Quarter..........................     1.63          0.6
         Third Quarter...........................     0.72          0.6
         Fourth Quarter..........................     0.64          0.54

         2003
         ----
         First Quarter...........................    $0.68         $0.57
         Second Quarter..........................     1.04          0.41
         Third Quarter...........................     0.76          0.59
         Fourth Quarter..........................     2.37          0.53

2





Monthly Stock Information

         The following table sets forth, for the most recent six months, the
range of high ask and low bid prices of our ordinary shares on the Nasdaq
SmallCap Market:

         2003                                         High          Low
         ----                                        -----         -----
         October.................................    $1.52         $0.53
         November................................     2.12          1.16
         December................................     2.37          1.41

         2004
         ----
         January.................................    $2.08         $1.68
         February................................     1.85          1.55
         March...................................     1.93          1.31


                                       3






                                    PART III

ITEM 19. EXHIBITS
         --------

                                Index to Exhibits

         Exhibit      Description
         -------      -----------



         31.1         Certification  of  the  Chief  Executive  Officer
                      pursuant  to  Rule  13a-14(a)  and  Rule
                      15d-14(a) of the Securities Exchange Act, as amended

         31.2         Certification  of  the  Chief  Financial  Officer
                      pursuant  to  Rule  13a-14(a)  and  Rule
                      15d-14(a) of the Securities Exchange Act, as amended


                                       4






                               S I G N A T U R E S


        The registrant hereby certifies that it meets all of the requirements
for filing on Form 20-F and that it has duly caused and authorized the
undersigned to sign this annual report on its behalf.



                                            RADA ELECTRONIC INDUSTRIES LTD.


                                            By:    /s/Herzle Bodinger
                                                   ------------------
                                            Name:  Herzle Bodinger
                                            Title:  President








Dated:  June 23, 2004



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