SOURCE: Herley Industries, Inc.

May 09, 2006 15:27 ET

Herley Receives $2 Million Contract Award to Supply Avionics to Major Domestic Contractor

Expect Future Sales Growth From International Markets

LANCASTER, PA -- (MARKET WIRE) -- May 9, 2006 -- Herley Industries, Inc. (NASDAQ: HRLY) today announced that it has received a $2.0 million contract award to provide the avionics for an advanced domestic target program. This contract represents a follow-on order to Micro Systems Inc., Herley's Center of Excellence for all command and control systems.

John M. Kelley, Herley President, stated, "Our Micro Systems division is doing an excellent job at understanding the customers needs and providing solutions that meet both their quality and cost requirements. We have a special interest in this program because it represents the highest content percentage of Herley products in a target."

"We anticipate this program will become a long-term legacy program with possible acceptance and adoption by international customers. Herley continues to increase the content level on targets and looks to continue our acceptance in the domestic and international markets," said Kelley.

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