Date: Fri, 21 Nov 1997 00:17:13 GMT Server: Stronghold/2.0.1 Apache/1.2.0 Last-Modified: Mon, 10 Nov 1997 16:36:52 GMT ETag: "117b1-d7f-34673824" Content-Length: 3455 Accept-Ranges: bytes Connection: close Content-Type: text/html
Herley Industries, Inc. with corporate headquarters located in Lancaster, Pennsylvania, is a global technology company that is growing internally and through selected acquisitions as the Company diversifies from its primary dependence on the defense electronics industry. In the commercial area the Company is concentrating on the expendable space launch vehicle market, the digital microwave radio market; and the applications for industrial and medical lighting. In the international market, the Company has already achieved a significant presence, with over 38% of its revenues coming from foreign customers in the last fiscal year. The Company expects the international market, with its higher margins, to grow more rapidly than the domestic market.
Since its inception in 1965, the Company has designed and manufactured microwave devices for use on various tactical military programs. Through a small acquisition in June 1986 the Company entered the flight instrumentation business beginning with the design and manufacture of range safety transponders. In September 1992, the Company acquired substantially all of the assets of Micro-Dynamics, Inc. of Woburn, Massachusetts, a microwave subsystem designer and manufacturer. In June of 1993, the Company acquired Vega Precision Laboratories, Inc. ("Vega") of Vienna, Virginia, and moved the operations to Lancaster, Pa. in October, 1993. In March 1994, the Company entered into an exclusive license agreement for the manufacture, marketing and sale of the Multiple Aircraft GPS Integrated Command & Control (MAGIC2) systems. In July 1995, the Company acquired the government systems business of Stewart Warner Electronics Corp. of Chicago, Illinois, a manufacturer of high frequency radio and IFF interrogator systems. Most recently, in August, 1997 the Company acquired Metraplex Corporation of Frederick Maryland, allowing the Company entry into the airborne PCM and FM telemetry and data acquisition systems market.
With these recent acquisitions, the Company has reorganized into four operating facilities; HERLEY-VEGA SYSTEMS (HVS), operating in Lancaster, Pennsylvania; HERLEY-MDI (MDI) operating in Woburn, Massachusetts; Stewart Warner Electronics Co. (SWE) operating in Chicago, Illinois; and Metraplex Corp.(Metraplex) operating in Frederick, Maryland. In January, 1996, the Company created its Global Security Systems (GSS) division, a marketing group, to consolidate its efforts in serving the international marketplace.
10 Industry Drive Lancaster, PA 17603 (717) 397-2777