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Herley Industries, Inc. Subsidiary, Micro Systems, Inc. Receives $2.6 Million Contract Award To Supply Avionics

Monday, May 5th, 2008

LANCASTER, Pa., Feb. 19 /PRNewswire-FirstCall/ — Herley Industries, Inc. (Nasdaq: HRLY) today announced that it has received a contract for approximately $2.6 million from Composite Engineering, Inc. (CEi) of Sacramento, CA for its avionics suite for the Sea Skimming Supersonic Target (SSST), also designated as the GQM-163. The contract includes Digital Avionics Processors, Power Distribution Assemblies, Electro Explosive Devices, and Inertial Measurement Units.

Wayne Armstrong, Micro Systems’ General Manager commented, “We are enthusiastic about continuing our relationship with CEi on this important program as we enter the second year of production. Our partnership with CEi on this and other key programs has been a mutually beneficial one that we expect to continue for 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 eight manufacturing locations and approximately 985 employees.

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. When used in this report, words such as “anticipated,” “believes,” “could,” “estimates,” “expects,” “may,” “plans,” “potential” and “intends” and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the belief of the Company’s management, as well as assumptions made by and information currently available to the Company’s management. The Company’s results could differ materially based on various factors, including, but not limited to, cancellation or deferral of customer orders, difficulties in the timely development of new products, difficulties in manufacturing, increased competitive pressures, the effects of the indictment of the Company and general economic conditions. The Company undertakes no obligation to update forward-looking statements as a result of future events or developments.

SOURCE Herley Industries, Inc.