LANCASTER, Pa., June 9 /PRNewswire-FirstCall/ -- Herley Industries, Inc. (Nasdaq: HRLY) announced today that its Herley Lancaster division received a contract award valued at approximately $1.2 million from a major U.S. prime contractor to manufacture complex Integrated Microwave Assemblies (IMA) for an electronic attack aircraft for the U.S. Navy.
Herley Chairman and CEO, Myron Levy, said, "Herley has a long history of producing various complex integrated microwave assemblies. We are currently providing precision microwave assemblies for use on a U.S. Navy's electronic attack aircraft at Herley Lancaster, as well as at our Herley New England division and Herley CTI in New Jersey. Repeat orders such as these clearly demonstrate that our customers know they can count on Herley Companies for the quality products that they require."
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) 735-8117 Peg Guzzetti 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, competitive factors and pricing pressures, changes in legal and regulatory requirements, cancellation or deferral of customer orders, technological change or difficulties, difficulties in the timely development of new products, difficulties in manufacturing, commercialization and trade difficulties, and current economic conditions. The Company undertakes no obligation to update forward-looking statements as a result of future events or developments.
|SOURCE Herley Industries, Inc.|
Copyright©2009 PR Newswire.
All rights reserved