Herley Industries, Inc. Subsidiary EWsT Ltd. Receives Contracts Valued at $4.5 Million

LANCASTER, Pa., Nov. 16, 2010 /PRNewswire/ -- Herley Industries, Inc. (Nasdaq: HRLY) today announced that its Electronic Warfare Simulation Technology (EWsT Ltd.) subsidiary in Farnborough U.K. has been awarded two significant contracts from international customers.  The first of these is a $3 million contract for a large and complex configuration of the company's modular RSS 8000 radar simulator.  The second is a $1.5 million upgrade and spares order in support of a previously delivered system. 

John Parsons, Managing Director of EWsT, commented, "We are gratified with these new awards and look forward to continuing our relationships with these valued international customers with the delivery of our highly reliable systems and equipment.  We value our long standing relationships with our established customers and believe that such relationships are an affirmation of the value of our commitment to providing technically advanced systems at competitive prices and supporting our customer's needs over the life cycle of their projects." 

Richard F. Poirier, Chief Executive Officer and President, commented, "Herley EWsT's RSS 8000 Series Radar Threat Simulators are ideally suited for EW system test and evaluation applications and for EW operator training.  We are very pleased that this product continues to generate new as well as repeat business from our international customers."

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 six 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 current 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.  We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE Herley Industries, Inc.

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