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Herley Announces $1.2 M Contract from the USAF
Herley Lancaster Will Supply Low Noise Assemblies for the F-16 Fire Control Radar
(Lancaster, Pa., March 14, 2008) -- Herley Industries, Inc. (Nasdaq: HRLY) announced the receipt of a contract for approximately $1.2 million from Hill Air Force Base to provide next-generation low noise assemblies ("LNA") for the U.S. and international Air Force F-16 APG-68 radar systems. As the receiver front end, the LNA receives incoming signals, then down converts these signals for processing.
Myron Levy, Herley's Chairman and CEO, commented, "This is the first contract for hardware production against a $19.7 million ID/IQ contract awarded to Herley Lancaster in 2004 by Hill Air Force Base for development and production of LNAs for the U.S. and international Air Force F-16 APG-68 radar system. The F-16 represents a very large percentage of the U.S. Air Force's total fighter force and is in use by 19 countries worldwide. Herley has provided microwave components for the F-16 program for many years; and now that these next generation LNAs are fully qualified, we can expect to receive significant future orders for LNAs for the APG-68 radar system."
Source : Herley Industries Inc.
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