Herley's Israel Subsidiary Awarded $5 M in Contracts for US Customers

Lancaster, Pa. - Herley Industries, Inc. (Nasdaq: HRLY) announced today that its General Microwave Israel subsidiary has received contracts valued at more than $5 million. Approximately $3 million is a follow-on award to GMI Eyal to provide various complex microwave switch assemblies for an existing U.S. customer and program to be used for ongoing upgrades to a U.S. aircraft.

Awards for an additional $2 million were received at Herley GMIC in Jerusalem for the production of phase shifters and integrated microwave assemblies to be provided to two other U.S. prime contractors.

Richard Poirier, Herley's Chief Executive Officer and President, commented, "We are proud of the work that we have done for many years in support of this U.S. aircraft upgrade program, and look forward to continuing the successful business relationship with our long-term customer. This follow-on award and the new orders from U.S. prime contractors are the kind of orders that are routinely handled by our Herley Israel subsidiaries. GMIC Jerusalem and Herley GMIC Eyal are very well established in the industry and are key suppliers for numerous defense programs worldwide."

Source : Herley Industries, Inc.