Herley New England Receives Additional $1.3 Million Contract Award from Lockheed Martin for the Multi-Mission Helicopter
The MH-60R Multi-Mission Helicopter (MMH) is the U.S. Navy's new primary maritime-dominance helicopter, replacing the SH-60B and SH-60F aircraft. The MH-60R is designed primarily for anti-submarine and anti-surface warfare. Secondary missions include search and rescue, vertical replenishment, naval surface fire support, logistics support, personnel transport, medical evacuation and communications and data relay.
Lockheed Martin, the prime air weapons systems integrator for the MH-60R, announced a multi-year contract last year under which it will integrate advanced electronic systems into 139 multi-mission helicopters through 2013.
Herley Chairman and CEO, Myron Levy, commented, "We are very pleased that Herley New England continues to support Lockheed Martin on this important long-term program. This award is a follow on to awards received on this program last year."
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 1000 employees. Additional information about the company can be found on the Internet at http://www.herley.com.
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, and general economic conditions. The Company undertakes no obligation to update forward-looking statements as a result of future events or developments.
For information at Herley contact: Tel: (717) 735-8117 Peg Guzzetti www.herley.com Investor Relations
SOURCE Herley Industries, Inc.
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