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Switches and microwave assemblies in spares contract

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: 23 March, 2008  (New Product)
A contract for $1.3m has been awarded by Lockheed Martin to Herley for a spares program including switches and microwave assemblies.
Herley has announced today that its Herley New England division in Woburn, Massachusetts has received a $1.3 million contract award from Lockheed Martin Systems Integration in Owego, N.Y. The Herley division will provide eleven different parts, including switches and complex integrated microwave assemblies (IMAs), to Lockheed Martin for their E-2C Hawkeye spares program.

Myron Levy, Herley's Chairman and CEO, commented, 'We are very pleased at this, our first award for this E-2C spares program. Lockheed Martin Systems Integration -- Owego provides spare requirements for six different weapons replaceable assemblies that are required to support the system used on the Navy's E-2C Hawkeye 2000 aircraft.'

Herley Industries, Inc. is a leader in the design, development and manufacture of microwave technology solutions for the defense, aerospace and medical industries worldwide. Based in Lancaster, PA, Herley has eight manufacturing locations and approximately 875 employees. Additional information about the company can be found on the Internet at

Safe Harbor Statement -- Except for the historical information contained herein, this release may contain forward-looking statements. Such statements are inherently subject to risks and uncertainties. When used in this report, words such as 'anticipated,' 'believes,' 'could,' 'estimates,' 'expects,' 'may,' 'plans,' 'potential' and 'intends' and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the belief of the Company's management, as well as assumptions made by and information currently available to the Company's management. The Company's results could differ materially based on various factors, including, but not limited to, cancellation or deferral of customer orders, difficulties in the timely development of new products, difficulties in manufacturing, increased competitive pressures, the effects of the indictment of the Company and general economic conditions. The Company undertakes no obligation to update forward-looking statements as a result of future events or developments.
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