SOURCE: Herley Industries, Inc.

June 22, 2006 16:03 ET

Herley Announces Foreign Contract Awards Totaling $1.6 Million

LANCASTER, PA -- (MARKET WIRE) -- June 22, 2006 -- Herley Industries, Inc. (NASDAQ: HRLY) announced today that its Israeli facility recently won contract awards from several international customers.

John Kelley, Herley President, said, "Herley Israel has always had a strong customer base with EU, Middle East and Pacific Rim countries. Included is South Korea, where they were recently awarded a contract to supply digitally tuned oscillators for a variety of applications."

Mr. Kelley continued, "We see international markets growing, and we want to increase our business with each of those markets. EU Countries, India and South Korea, each have defense requirements unique to their country. Herley Israel can work with these companies, and design and manufacture the electronic assemblies for their radar and electronic warfare systems."

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 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