Herley Receives a $7.5 M from Republic of Korea Navy

(Lancaster, Pa., April 27, 2010) -- Herley Industries, Inc. (Nasdaq: HRLY) announced today that the Republic of Korea ("ROK") Navy has awarded Herley Industries a follow-on contract valued at approximately $7.5 million for IFF (Identification Friend or Foe) shipboard Interrogators, transponders and ancillary equipment for installation on a series of patrol vessels. Herley's IFF system will interface with the ship's air search radar, surface search radar, and central fire control system, along with the ESM (Electronic Support Measure) equipment. Herley Lancaster will produce the equipment and will also provide the necessary on-site field engineering while performing the ship's radar integration and assisting in the cryptographic certification.

Richard F. Poirier, Herley CEO and President, commented, "We are very pleased to have received this follow-on contract from the ROK Navy during a recent visit to South Korea. This significant follow-on award demonstrates our customer's continued confidence in Herley products and support."

John A. Thonet, Chairman of Herley's Board of Directors congratulated Mr. Poirier and Howard Eckstein, Division President for Herley Lancaster, on the award, commenting, "Mr. Poirier and Mr. Eckstein were both in South Korea to receive this contract, having traveled to East Asia to meet with Herley's customers and key representatives to explore areas where Herley can further expand its presence in the international marketplace. A continued focus on foreign sales remains an important part of Herley's strategy to grow the Corporation organically."

Source : Herley Industries, Inc.