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Security & Defense Watch: Herley Wins $7.5 Million Korean Navy Contract

April 28, 2010 (FinancialWire) — Herley Industries, Inc. (NASDAQ: HRLY) said that the Republic of Korea Navy has awarded Herley Industries a follow-on contract valued at around $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 equipment.  Herley Lancaster will produce the equipment and will also provide on-site field engineering while performing the ship's radar integration and assisting in the cryptographic certification.

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

Herley has seven manufacturing locations and around 1000 employees.

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