June 28, 2010 (FinancialWire) — Herley Industries, Inc. (NASDAQ: HRLY) said that its Lancaster division has received a subcontract valued at around $12 million from a prime contractor for the continuing production of electronic hardware for a U.S. missile program.  

According to company chairman John A. Thonet the award for flight instrumentation was received and has been incrementally funded over the last few months, and “we expect that it will be fully funded within the next few weeks."

Richard Poirier, Herley's CEO and President, commented, "Herley Lancaster developed the flight instrumentation and has supported this customer for a number of years.”

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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