RECENT NEWS:

7/16/08: Herley Subsidiary, Micro Systems, Inc. Wins $2.8 Million for Production Orders

7/9/08: Herley Industries, Inc. Added to Russell 3000 Index

6/12/08: Herley Reports Third Quarter Results - Conference Call Scheduled for Friday, June 13, 2008

6/6/08: Herley Industries, Inc. Third Quarter Earnings Release and Conference Call Notice

5/14/08: Herley Awarded a $3.5M Contract by the U.S. Navy for AN/ARA-63 Tactical Instrument Landing Systems for F/A-18E/F/G and E-2D Aircraft

5/6/08: Herley Chairman Announces Organizational Changes

5/5/08: Herley Announces Settlement Agreement with U.S. Government

4/22/08: Herley Awarded $1 Million in Awards for Integrated Microwave Assemblies for U.S. Military Aircraft

4/14/08: Herley Announces $1.6 Million in Contract Awards from U.S. Prime Contractors

4/3/08: Herley Subsidiary, Innovative Concepts, Inc. Wins $13.5 Million Award from the U.S. Army for Improved Data Modem Software/Technology

3/17/08: Ethisphere Institute Honors Herley Industries, Inc. as a Winner of Best Overall Government Contractor Ethics Program Designation for 2008

3/14/08: Herley Announces $1.2 Million Contract Award from the U.S. Air Force

3/14/08: Herley Adds $1.2 Million to Contract Award for Complex Integrated Microwave Assemblies for U.S. Electronic Attack Aircraft

3/12/08: Herley Reports Second Quarter Results

3/11/08 Herley Announces $1.3 Million Contract Award for Navy's E-2C Hawkeye Spares Program

3/7/08: Herley Industries, Inc. Second Quarter Earnings Release and Conference Call Notice

3/3/08: Herley Industries, Inc. Receives a Follow-on Contract Award of More Than $1.4M from Telephonics Corporation

2/26/08: Herley Chairman Addresses Shareholders at Annual Meeting of Shareholders February 26, 2008

2/25/08: Herley Wins $9.8M Contract Award for Complex Integrated Microwave Assemblies for U.S. Electronic Attack Aircraft



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