Herley Announces $3.3 M in Contract Awards
Herley Industries Inc. announced the receipt of two important contract awards totaling approximately $3.3 M.
• Hill Air Force Base in Ogden, UT has awarded a three-year IDIQ contract to Herley Lancaster for the production of voltage-controlled oscillators (VCO) for the 68 APG-68 Fire Control Radar (FCR) system for the F-16 Fighting Falcon
• Herley Medical Products has received a contract award from GE Healthcare of Milwaukee, WI, to produce high power amplifiers for its Magnetic Resonance Imaging (MRI) system.
Myron Levy, Herley's chairman and CEO, commented, "The F-16 represents approximately 50 percent of the US Air Force's current fighter force. The US Air Force, as well as allied Air Forces flying the F-16, have projected a useful life through at least 2030. Herley has a long history of successfully providing quality microwave components for the F-16, and we are very happy to be selected to produce this critical radar component for the APG-68 Radar.
Levy continued, "I am also very pleased with the significant award to Herley Medical Products. We have produced amplifiers for the medical industries for a number of years, and we believe that this significant contract from GE will be followed by orders for similar quantities in the next six months."
Levy concluded, "With the company's recent strong bookings, Herley's current backlog is in excess of $190 M, a record for this company. My thanks and appreciation goes to our loyal customer base, for their steadfast support."