Herley Gets a $1.5 M for Electronics for US Navy's P-8A(Lancaster, Pa., February 2, 2010) -- Herley Industries, Inc. (Nasdaq: HRLY) announced today that a major U.S. Prime contractor has awarded Herley New England division a contract valued at approximately $1.5 million for the production of integrated microwave assemblies to be used in the U.S. Navy's P-8A aircraft.
The P-8A Poseidon is the U.S. Navy's newest maritime patrol and reconnaissance aircraft. It is a long-range anti-submarine warfare, anti-surface warfare, intelligence, surveillance and reconnaissance aircraft capable of broad-area, maritime and littoral operations.
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Richard F. Poirier, CEO and President, commented, "This is Herley's first production award for the P-8A program, following the successful completion of the development phase. We are pleased to be a part of this important U.S. Navy program, and anticipate receiving follow-on contracts from this prime contractor on this program over the next 15 years. My congratulations go to John McClay and the entire Herley New England team."
Source : Herley Industries, Inc.