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Herley Lancaster Awarded $1.0 Million in New Contracts

LANCASTER, Pa., March 2 /PRNewswire-FirstCall/ -- Herley Industries, Inc. (Nasdaq: HRLY) announced today that its Herley Lancaster division has received contract awards totaling approximately $1 million from the U. S. Air Force for the manufacture of complex integrated microwave assemblies and radar components. The awards are for the production of transmit microwave assemblies for the APQ-164 radar for the B1 Bomber and radar components for use in the APG-68 radar system on various U. S. military aircraft.

Myron Levy, Herley's Chairman and CEO, commented, "Herley has provided quality microwave products for U. S. Government military aircraft for over forty years, and we are very pleased to continue that support through follow-on awards such as these."

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 1000 employees. Additional information about the company can be found on the Internet at

    For information at Herley contact:         Tel:  (717) 735-8117
    Peg Guzzetti                     
    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, 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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