Herley Industries Unit Receives $1.3 Million Contract
April 22, 2009 (FinancialWire) — Herley Industries, Inc.’s (NASDAQ: HRLY) (Current Market Cap: US$139.12 Mil.) Micro Systems, Inc. unit said it has been awarded contracts valued at around $1.3 million to provide target control systems, test sets, spare parts and assemblies, and flight support services to support two international customers.
The company said that the customer is “a major domestic aerial target manufacturer” that Micro currently does business with.
Lancaster, Pennsylvania-based Herley Industries is engaged in the design, development and manufacture of microwave technology solutions for the defense, aerospace and medical industries worldwide.
Herley has seven manufacturing locations and around 1000 employees.
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