Sunday, March 8, 2009

Herley Awarded an $8.2 Million Contract for a U.S. Electronic Attack Aircraft

Herley Awarded an $8.2 Million Contract for a U.S. Electronic Attack Aircraft

Herley New England will provide Complex Integrated Microwave Assemblies to a U.S. Prime Contractor

LANCASTER, Pa., March 5 / Herley Industries, Inc. (Nasdaq: HRLY) announced today that its Herley New England division in Woburn, Massachusetts, has received an award valued at more than $8.2 million from a major U.S. defense contractor to manufacture complex Integrated Microwave Assemblies (IMA) for an electronic attack aircraft for the U. S. Navy.

Herley's Chairman and CEO, Myron Levy, said, "Herley New England is a center of excellence for the design and manufacture of highly complex microwave assemblies, and has supported the U.S. electronic attack mission capability for a number of years. This contract represents the fourth production award for an important program from the same valued 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 seven manufacturing locations and approximately 1000 employees. Additional information about the company can be found on the Internet at

For information at Herley contact: Tel: (717) 735-8117 Peg Guzzetti 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, cancellation or deferral of customer orders, difficulties in the timely development of new products, difficulties in manufacturing, increased competitive pressures, and general economic conditions. The Company undertakes no obligation to update forward-looking statements as a result of future events or developments.

SOURCE Herley Industries, Inc.

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