RECENT NEWS:

11/11/08: Herley Industries, Inc. Sells Innovative Concepts, Inc. (ICI) - Herley Divests Software Division to Elbit Systems of America LLC

10/27/08: Herley Announces $3.3 Million In Contract Awards

10/21/08: Herley Reports 4th Quarter and Year-End Results / Conference Call Scheduled for Wednesday, October 22, 2008

10/17/08: Herley Industries, Inc. Fourth Quarter and Fiscal Year End Earnings Release and Conference Call Notice

10/15/08: Herley Industries, Inc. Receives a $13.9 Million Subcontract from Lockheed Martin Space Systems Company for Components for the Trident II D5 Missile Test Kits

 10/08/08: Herley's New Acquisition, Eyal Microwave Industries ("EMI"), Receives $2.2 Million in Contract Awards

 9/29/08: Herley New England Receives Additional $1.3 Million Contract Award from Lockheed Martin for the Multi-Mission Helicopter

9/26/08: Herley's Micro Systems, Inc. Awarded $8.2 Million Contract by U.S. Navy

9/18/08: Herley Announces $2.4 Million Contract Award from the U.S. Air Force for the F-16 Fire Control Radar

9/17/08: Herley Industries, Inc. Acquires Eyal Microwave Industries ("EMI")

9/11/08: Herley Industries, Inc. is Awarded $1.9M Contract - Micro Systems, Inc. to Supply C-Band Radar Tracking Transponders

9/5/08: Herley Industries, Inc. is Awarded $1.65M Contract / Herley-CTI to supply Fast Switching Synthesizers

9/2/08: Herley Industries, Inc. Engages Jefferies Quarterdeck to Explore Strategic Alternatives

9/2/08: Herley's Micro Systems, Inc. is Awarded the Raytheon Missile Systems Four Star 2008 Supplier Excellence Award

8/11/08: Herley Industries Receives a Contract for UK Future Lynx Helicopter Program

8/4/08: Herley Gets a $7.1 Million Contract Award to Provide Integrated Microwave Assemblies for Major U.S. Electronic Warfare Program