Herley Industries receives $7.1M contract for integrated microwave assemblies
Lancaster, Pa.-based Herley Industries Inc. (Nasdaq:HRLY) said today it received a $7.1 million follow-on contract to produce integrated microwave assemblies to be used to upgrade an existing electronic attack aircraft program. Herley supplies microwave products and systems to defense and aerospace organizations. The contract is with a major U.S. defense contractor, the company said. In today’s trading, shares are mostly flat, up about $0.15, or 0.94%, at $16.17. Shares have ranged from $9.46 to $16.38 during the past year.
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