Herley Industries
Herley Industries, Inc. with corporate headquarters located in Lancaster, Pennsylvania, is a microwave technology company that is providing sophisticated components and systems for the defense/aerospace, satellite launch and commercial markets worldwide. The company has recently formed a new subsidiary, Herley Wireless Technologies, Inc., to focus the companies existing wireless business and to pursue new opportunities in this rapidly expanding industry. In the international market, the Company has already achieved a significant presence, with over 29% of its revenues coming from international customers in the last fiscal year. The Company expects this market, with its higher margins, to continue to grow.
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 of Chicago, Illinois, a manufacturer of high frequency radio and IFF interrogator systems. 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. In January 1999, Herley Industries acquired General Microwave Corporation of Farmingdale, New York, also a microwave subsystem manufacturer, which will be complementary to the Herley-MDI operation, significantly increasing the Company's total sales. Herley acquired Robinson Labs in February, January 2000. Robinson designs and manufactures microwave components used in commercial wireless and defense applications.
The Corporation is organized into two product groups, the Space and Communications Product Group in Lancaster, PA and the Microwave Technologies Group in Woburn, MA. With four operating facilities; HERLEY-VEGA (HV), operating in Lancaster, PA; HERLEY-MDI (MDI) operating in Woburn, MA; Robinson Laboratories operating in Nashua, NH; and General Microwave Corporation (GMC) operating in Farmingdale, NY. In January, 1996, the Company created its Global Security Systems (GSS) division, a marketing group, to consolidate its efforts in serving the international marketplace.
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