Herley Wins $16.6 Million Government Contract
August 18, 2009 (FinancialWire) — Herley Industries, Inc. (NASDAQ: HRLY) said it has been awarded a $16.6 million firm-fixed-price, time and material, indefinite-delivery/indefinite-quantity contract for radio frequency modules from the U.S. government
The company said it will also perform repair services and engineering and technical support services, as required, under the award.
Company CEO Richard F. Poirier said that the RF modules “under this multi-year IDIQ contract are very complex integrated microwave assemblies used in airborne threat simulators.”
He said that the latest contract is a follow-on award to a previous IDIQ contract for the same modules
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.
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