Herley Industries Inc. announced that its Micro Systems subsidiary located in Fort Walton Beach, FL, has been awarded a production order totaling $1.5 M on a long-term production contract. The order from a major defense prime contractor represents the exercise of a contract option for target control transponders for a quantity of 15 full scale aerial target drones and a number of spare assemblies.
Wayne Armstrong, Micro Systems’ President, stated, “This option award is a prime example of the type of work that is the core of our business. This long-term production contract was preceded by an extensive development effort. We are now in steady state production and expect annual orders for a number of years into the future. Our focus on timely deliveries of quality products at fair prices results in long-term partnerships with our customers.”