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Herley Industries, Inc. Receives a $5 Million Award from EDO for Electronic Components for IEDs

LANCASTER, Pa., Oct. 16 /PRNewswire-FirstCall/ -- Herley Industries, Inc. (Nasdaq: HRLY) announced today that its Farmingdale, New York subsidiary, Herley Farmingdale, has been awarded a contract valued at approximately $5 million by EDO Communication & Countermeasures Systems. Herley Farmingdale will produce high power amplifiers for EDO's CVRJ (CREW Vehicle Receiver/Jammer) system.

Myron Levy, Herley's Chairman and CEO, commented, "EDO has recently announced awards with options for as many as 25,000 of its CVRJ systems, from the Naval Sea Systems Command and the Program Executive Office for Littoral and Mine Warfare. The vehicle-mounted systems will be used by forces in each of the military services. Herley has invested financial and engineering resources to develop the technology required for this EW system, and we believe that we can be an important supplier to EDO for the long-term. We are happy to have been chosen to work with EDO to support the Department of Defense requirements to protect our armed forces."

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 approximately 985 employees. Additional information about the company can be found on the Internet at

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 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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