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Herley Wins $1.6 Million Navy Contract

March 26, 2010 (FinancialWire) — Herley Industries, Inc. (NASDAQ: HRLY) said that its Herley New England division in Woburn, Massachusetts, has been awarded a contract valued at around $1.6 million from a U.S. Prime contractor to supply a number of multi-function integrated microwave assemblies for a U.S. Navy Electronic Attack Aircraft.

Richard F. Poirier, CEO and president, said, "This award is the second significant award this month to Herley New England from this customer for various IMAs for use on a U.S. Navy Aircraft.”

On March 9, the company reported an award for $11.5 million for the same customer and program.

Pennsylvania-based Herley Industries is engaged in the design, development and manufacture of microwave technology solutions for the defense, aerospace and medical industries worldwide.

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