Herley Receives an Additional 2.3 Million Award for a U.S. Electronic Attack Aircraft
6th March, 2009
Herley Industries, Inc. announced today that its Herley CTI subsidiary in Whippany, New Jersey has received an award valued at approximately 2.3 million from a major U.S. defense contractor to manufacture complex Integrated Microwave Assemblies for an electronic attack aircraft for the U.S. Navy.
Herley's Chairman and CEO, Myron Levy, said, "This award is in addition to the 8.2 million award to Herley New England that was announced yesterday, for a combined award of 10.5 million to Herley for this customer and program. These contract awards are an indication of the customer's continuing confidence in Herley's technical expertise in the design and production of precision microwave assemblies."
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. 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, and general economic conditions. The Company undertakes no obligation to update forward-looking statements as a result of future events or developments.
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Herley - Microwave - Millimeter - Wave Components - Subsystems
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