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LANCASTER, Pa., Feb. 10 /PRNewswire-FirstCall/ -- Herley Industries, Inc. (Nasdaq: HRLY) announced today that its Herley Lancaster division has received a follow-on contract valued at more than $1 million from a major U.S. prime contractor to manufacture multi-function integrated microwave assemblies (IMAs) for a U.S. Navy electronic attack aircraft.

Richard F. Poirier, CEO and President, commented, "This award to Herley Lancaster is for the production of frequency up converters for delivery over the next year.  Herley specializes in complex microwave assemblies such as these at Herley Lancaster, and at several of our other domestic business locations and in Israel.  In July of 2009, Herley New England was awarded a $16.4 million award for the manufacture of a variety of multi-function IMAs for this same prime contractor and U.S. Navy aircraft.  We have supported this customer and program for many years, and we expect to continue to do so for years to come."  

Herley Industries, Inc. is a leader in the design, development and manufacture of microwave technology solutions for the defense, aerospace and medical industries worldwide. Based in Lancaster, PA, Herley has seven manufacturing locations and approximately 1000 employees. Additional information about the company can be found on the Internet at www.herley.com

Safe Harbor Statement - Except for the historical information contained herein, this release may contain forward-looking statements. Such statements are inherently subject to risks and uncertainties. Forward-looking statements involve various important assumptions, risks, uncertainties and other factors which could cause our actual results to differ materially from those expressed in such forward-looking statements. Forward-looking statements in this discussion can be identified by words such as "anticipate," "believe," "could," "estimate," "expect," "plan," "intend," "may," "should," "we look forward" or the negative of these terms or similar expressions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, performance or achievement. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors including but not limited to, competitive factors and pricing pressures, changes in legal and regulatory requirements, cancellation or deferral of customer orders, technological change or difficulties, difficulties in the timely development of new products, difficulties in manufacturing, commercialization and trade difficulties and current economic conditions, including the potential for significant changes in US defense spending under the new Administration which could affect future funding of programs and allocations within the budget to various programs as well as the factors set forth in this report and in our public filings with the Securities and Exchange Commission.

SOURCE Herley Industries, Inc.

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