Wednesday, March 3, 2010

Herley is Awarded a $11.7 Contract to Provide Complex Microwave Assemblies for a U.S. Navy Electronic Attack Aircraft

Defense News ~ LANCASTER, Pa., March 3 /PRNewswire-FirstCall/ -- Herley Industries, Inc. (Nasdaq:HRLY - News) announced today that itsHerley New England division in Woburn, Massachusetts has been awarded a contract valued at approximately $11.7 million from a major U.S. Prime contractor. Herley New England will manufacture a number of multi-function integrated microwave assemblies (IMAs) for a U.S. Navy Electronic Attack Aircraft.

Richard F. Poirier, CEO and President, said, "This award is the latest in a series of significant awards received from this U.S. Prime contractor over the last few years for IMA's for use aboard this Navy Aircraft. Herley New England continues to meet and exceed customer expectations for this important long-term program. With this award, Herley New England has a record backlog exceeding $50 million."

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 seven manufacturing locations and approximately 1000 employees. Additional information about the company can be found on the Internet at www.herley.com

For information at Herley contact:

Tel: (717) 397-2777

Peg Guzzetti

Investor Relations


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. Forward-looking statements involve various important assumptions, risks, uncertainties and other factors which could cause our actual results to differ materially from those expressed in such forward-looking statements. Forward-looking statements in this discussion can be identified by words such as "anticipate," "believe," "could," "estimate," "expect," "plan," "intend," "may," "should" or the negative of these terms or similar expressions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, performance or achievement. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors including but not limited to, competitive factors and pricing pressures, changes in legal and regulatory requirements, cancellation or deferral of customer orders, technological change or difficulties, difficulties in the timely development of new products, difficulties in manufacturing, commercialization and trade difficulties and current economic conditions, including the potential for significant changes in US defense spending under the new Administration which could affect future funding of programs and allocations within the budget to various programs as well as the factors set forth in this report and in our public filings with the Securities and Exchange Commission.

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