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Miles
Km80.5

   

Herley Awarded $1.8M Contract


12/27/2006 1:08:03 PM

LANCASTER, Pa., Dec. 27 /PRNewswire-FirstCall/ -- Herley Industries, Inc. (Nasdaq: HRLY - News) announced today that its Herley Lancaster facility in Lancaster, PA, has been awarded a $1.8 million contract award from a major U.S. defense contractor. The Herley division will manufacture core integrated microwave assemblies for use on leading-edge search and surveillance radars. These high-resolution radar systems are employed by both military and law enforcement agencies on both fixed and rotary wing aircraft.

Herley President, John M. Kelley, said, "This contract is indicative of the customer's confidence in our technical expertise and our ability to deliver leading-edge technology."

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 eight manufacturing locations and more than 1000 employees. Additional information about the company can be found on the Internet at http://www.herley.com.

For information at Herley contact: Tel: (717) 735-8117 Peg Guzzetti http://www.herley.com Investor Relations

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. When used in this report, words such as "anticipated," "believes," "could," "estimates," "expects," "may," "plans," "potential" and "intends" and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the belief of the Company's management, as well as assumptions made by and information currently available to the Company's management. The Company's results could differ materially based on various factors, including, but not limited to, cancellation or deferral of customer orders, difficulties in the timely development of new products, difficulties in manufacturing, increased competitive pressures, the effects of the recently announced indictment of the Company and general economic conditions. The Company undertakes no obligation to update forward-looking statements as a result of future events or developments.

Source: Herley Industries, Inc.



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