Herley Industries , based in Lancaster, Pennsylvania, is an American company that specializes in supplying microwave and millimeter wave products to defense and aerospace industries. They provide solutions for radars, flight instrumentation, weapon sensors, electronic warfare systems and guidance systems for contractors, the U.S. government, as well as governments and militaries worldwide. Herley was founded in 1965, and has acquired several companies such as Vega Precision, Metraplex Corporation, General Microwave and Innovative Concepts throughout its history. In June 2006, the company and... its former chairman, Lee N. Blatt were indicted on multiple charges in connection with purported activities resulting in alleged excessive profits by the Company on three contracts with the U.S. Department of Defense. Three of the company’s nine manufacturing plants were placed under suspension, meaning they could not initiate any new federal contracts. The plants affected were in Lancaster, Pennsylvania, Woburn, Massachusetts and Farmingdale, New York. In addition, a Chicago marketing office was also suspended.
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| NASDAQ symbol: | HRLY |
| Founded: | 1965 |
| Headquarters: | Lancaster, Pennsylvania |
| Annual revenue: | $160,090,000 |
| Net income: | $-41,180,000 |
| Operating income: | $-58,030,000 |
| Market cap: | $200,000,000 |