Herley Receives $13.9 M from LMSSC for Trident II D5 Missile Test Kits

(Lancaster, Pa., October 15, 2008) -- Herley Industries, Inc. (Nasdaq: HRLY) announced today that it has received a $13.9 million subcontract from Lockheed Martin Space Systems Company (LMSSC) Sunnyvale, CA, for the production of hardware components for the Test Missile Kit (TMK). The TMK is used in support of the Trident II D5 Missile flight-test Program.

Myron Levy, Herley's Chairman and CEO, commented, "We have been involved in development and production on the TMK for the Trident II D5 since 2003."


Mr. Levy continued, "This is a very important program for Herley and our Herley Lancaster division. Production options for the TMK hardware have brought the contract value to more than $20 million for the Trident TMK so far, and this award could bring the total to more than $33 million over the next two years. We are proud to participate in this important strategic missile program."

Source : Herley Industries Inc.