Herley Awarded a Contract for $3.4 Million by the U.S. Navy for AN/ARA-63 Tactical Instrument Landing Systems for F/A-18E/F/G and E-2D Aircraft

LANCASTER, Pa., April 22 /PRNewswire-FirstCall/ -- Herley Industries, Inc. (Nasdaq: HRLY) announced today that it has received an option award of approximately $3.4 million to supply Tactical Instrument Landing Systems ("TILS") for both the F/A-18E/F/G and E-2D Naval aircraft. This is the fifth award against the five-year contract for Herley.  

The AN/ARA-63 TILS is a microwave landing system that provides precise elevation and azimuth guidance information necessary for critical aircraft carrier landings. The Tactical Instrument Landing System began as an initial multi-year contract for the F/A-18E/F Boeing 'Super Hornet' and was expanded to cover the E/A-18G 'Growler' jammer aircraft and the E-2D 'Advanced Hawkeye' radar surveillance aircraft.

Herley's CEO and President, Richard Poirier, commented, "We are very proud of the fact that Herley Lancaster has supplied Tactical Instrument Landing Systems to the U. S. Navy since 1995.  The AN/ARA-63 TILS continues to be an important program for us, and I extend my congratulations to Howard Eckstein, Division President of Herley Lancaster and to George Rounsaville, who has successfully managed this program for so many years."

Herley Industries, Inc. is a leader in the design, development and manufacture of microwave technology solutions for the defense, aerospace and medical industries worldwide. Based in Lancaster, PA, Herley has seven manufacturing locations and approximately 1000 employees. Additional information about the company can be found on the Internet at www.herley.com

Safe Harbor Statement - Except for the historical information contained herein, this release may contain forward-looking statements. Such statements are inherently subject to risks and uncertainties. Forward-looking statements involve various important assumptions, risks, uncertainties and other factors which could cause our actual results to differ materially from those expressed in such forward-looking statements. Forward-looking statements in this discussion can be identified by words such as "anticipate," "believe," "could," "estimate," "expect," "plan," "intend," "may," "should" or the negative of these terms or similar expressions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, performance or achievement. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors including but not limited to, competitive factors and pricing pressures, changes in legal and regulatory requirements, cancellation or deferral of customer orders, technological change or difficulties, difficulties in the timely development of new products, difficulties in manufacturing, commercialization and trade difficulties and current economic conditions, including the potential for significant changes in US defense spending under the new Administration which could affect future funding of programs and allocations within the budget to various programs as well as the factors set forth in this report and in our public filings with the Securities and Exchange Commission.

SOURCE Herley Industries, Inc.

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