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Herley to Provide Target Control Transponders for Aerial Target Drones
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Friday, May 25, 2012


Herley to Provide Target Control Transponders for Aerial Target Drones

(Lancaster, Pa., June 3, 2009) -- Herley Industries, Inc. (Nasdaq: HRLY) announced today that its Micro Systems subsidiary located in Fort Walton Beach, Florida has been awarded a production order totaling $1.5 million on a long term production contract. The order from a major defense prime contractor represents the exercise of a contract option for target control transponders for a quantity of 15 full scale aerial target drones and a number of spare assemblies.

Wayne Armstrong, Micro Systems' President, stated, "This option award is a prime example of the type of work that is the core of our business. This long term production contract was preceded by an extensive development effort. We are now in steady state production and expect annual orders for a number of years into the future. Our focus on timely deliveries of quality products at fair prices results in long term partnerships with our customers."


Source : Herley Industries, Inc.

Published on ASDNews: Jun 4, 2009

 

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