LANCASTER, Pa., Sept. 26 Herley Industries, Inc.(Nasdaq: HRLY) announced today that its Ft. Walton Beach subsidiary, MicroSystems, Inc., has been awarded contracts valued at $8.2 Million from NavalAir Systems Command PMA 208 of Patuxent River, MD.
The award is for additional system hardware and target transponders toreplace units that have been consumed in normal operations of the System forNaval Target Control (SNTC) and for sustaining logistics and engineeringsupport of the products that have previously been delivered.
Micro Systems' president, Wayne Armstrong commented, "We are delighted tocontinue our support of the SNTC Program. We have enjoyed a long andsuccessful partnership with the Navy on the program and are proud to remain avalued member of their team."
Herley Industries, Inc. is a leader in the design, development andmanufacture of microwave technology solutions for the defense, aerospace andmedical industries worldwide. Based in Lancaster, PA, Herley has eightmanufacturing locations and approximately 1,000 employees. Additionalinformation about the company can be found on the Internet athttp://www.herley.com.
Safe Harbor Statement - Except for the historical information containedherein, this release may contain forward-looking statements. Such statementsare 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 theyrelate to the Company or its management, identify forward-looking statements.Such forward-looking statements are based on the belief of the Company'smanagement, as well as assumptions made by and information currently availableto the Company's management. The Company's results could differ materiallybased on various factors, including, but not limited to, cancellation ordeferral of customer orders, difficulties in the timely development of newproducts, difficulties in manufacturing, increased competitive pressures, andgeneral economic conditions. The Company undertakes no obligation to updateforward-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.