Herley Industries, Inc. Receives a $12 Million Contract to Provide Electronics for a U.S. Missile Program

Jun 24, 2010, 09:30 ET from Herley Industries, Inc.

LANCASTER, Pa., June 24 /PRNewswire-FirstCall/ -- Herley Industries, Inc. (Nasdaq: HRLY) announced today that its Lancaster division has received a subcontract valued at approximately $12 million from a major prime contractor for the continuing production of electronic hardware for a U.S. missile program.  

John A. Thonet, Chairman of the Board, said, "My congratulations go to the team at Herley Lancaster and its Division President, Howard Eckstein, on this significant contract.  The award for flight instrumentation was received and has been incrementally funded over the last few months, and we expect that it will be fully funded within the next few weeks."

Richard Poirier, Herley's CEO and President, commented, "Herley Lancaster developed the flight instrumentation and has supported this customer for a number of years.  We are very proud of Herley Lancaster's significant contribution to this important U.S. missile program, and we anticipate that our strong relationship with our customer will continue well into the future."

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

For information at Herley contact:

Tel:  (717) 397-2777

    Peg Guzzetti

    Investor Relations

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SOURCE Herley Industries, Inc.