SOURCE: Herley Industries, Inc.

March 06, 2006 11:32 ET

Herley Announces Contract Award With U.S. Army

Army Exercises Options for IDM 304™

LANCASTER, PA -- (MARKET WIRE) -- March 6, 2006 -- Herley Industries, Inc. (NASDAQ: HRLY) today announced that its Innovative Concepts subsidiary has received a contract award valued at several million dollars from the U.S. Army. The U.S. Army exercised option year two of a five-year production contract for IDM 304™ units.

John M. Kelley, Herley President, said, "Innovative Concepts is the design authority for IDM Technology® and they continue to be recognized as the market leader in this space. ICI also offers PCIDM®, an inexpensive two-channel tactical modem/router manufactured as a PC-card and the UIDM™, a hostless tactical router based on IDM technology®."

Mr. Kelley continued, "The acquisition of ICI on April 1, 2005 brought to Herley extensive software capability for wireless data communication products and services. As ICI increases its familiarity with Herley's eight divisions, we expect Herley will become ICI's largest customer."

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 nine manufacturing locations and more than 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. 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.

Contact Information

  • For information at Herley contact:
    Peg Guzzetti
    Investor Relations
    Tel: (717) 735-8117
    www.herley.com