Herley New England is awarded a $16.4 million contract for integrated microwave assemblies (IMAs) for a U. S. electronic attack aircraft

Herley Industries, Inc. (NASDAQ:HRLY) announced today that its Herley New England division in Woburn, Massachusetts has received an award valued at approximately $16.4 million from a major U.S. prime contractor to manufacture a variety of multi-function integrated microwave assemblies (IMAs) for a U.S. Navy electronic attack aircraft.

Richard F. Poirier, CEO and President, commented, "Herley has been producing quality hardware for the U.S. government and its prime contractors for more than 40 years, and Herley New England is a trusted supplier to U.S. Prime contractors. This $16.4 million award is the largest single award ever received by Herley. It is the latest in a series of significant orders from this customer for this aircraft; and we look forward to additional annual awards over the next five years."

Mr. Poirier continued, "As I assume the role of Chief Executive Officer for Herley, I am very confident that John McClay, Herley New England's new General Manager, and his team will continue to foster and grow this important customer relationship by meeting or exceeding our customer's requirements. John has been the main point of contact on this program for the past three years, and follow-on orders such as this are a clear indication of customer satisfaction."