International Business: Herley Wins $2.3 Million Of Contracts
August 2, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Herley Industries, Inc. (NASDAQ: HRLY) said that it has recently received contracts totaling around $2.3 million for microwave switch assemblies and integrated microwave assemblies for international customers.
According to Herley, the products will be produced at the company's Israeli operation, General Microwave Israel Corp.. Company CEO Richard Poirier said that GMIC designs and develops a broad range of high-performance microwave control components, sources and integrated assemblies and that the latest awards are typical of the kind of awards routinely received at Herley’s Israeli facility."
John A. Thonet, Herley’s chairman said that the company would derive around 34% of its revenues from foreign sales.
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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