Herley Israel Receives a $5 Million Contract for an International Customer
LANCASTER, Pa., March 1 -- Herley Industries, Inc. (NASDAQ:HRLY) announced today that its Israeli subsidiary, Herley Israel, has received a follow-on award valued at approximately $5 million to provide various Integrated Microwave Assemblies (IMAs) for an international customer.
Yonah Adelman, Senior Vice President of Herley and General Manager for the Israeli operations commented, "This award is for an existing customer and program for which we provide hardware used in an airborne application. Delivery of these IMAs will be over the next two years, and we expect to continue to support our customer on this program over the next five years."
Herley Israel has been dedicated to designing and producing high quality microwave products that utilize and advance the state-of-the-art. This has resulted in the development of a broad range of high-performance microwave control components, sources and integrated assemblies. Herley Israel produces the General Microwave catalog line of control components and sources that have been the industry standard for many years. For custom requirements such as the IMAs developed for this current order, Herley Israel's broad expertise and experienced staff of microwave experts provide a unique price/performance combination for its customers.
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 http://www.herley.com
For information at Herley contact:
Tel: (717) 397-2777
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