Herley Industries
Encyclopedia
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. At approximately the same time, Herley stock lost approximately 34% of its value, decreasing to $10.06 a share, the lowest since November 1998. In July 2010 the company settled for $10 million USD
without admitting any wrongdoing.
Lee N. Blatt retired at the time, and Myron Levy was chosen as his successor. On October 13, 2006, the company announced that it had reached an administrative agreement with the OGC Acquisition Integrity Office, Department of Navy. With this agreement, the suspension preventing new contract awards was lifted, and Herley was able to resume its normal business dealings with both its DOD and prime contractor customers.
On July 22, 2009, Herley replaced Myron Levy as chief executive and chairman. The company stated that Levy's efforts had positioned it for future growth, but that it was “time for a completely new management team drawn from key personnel throughout the company with proven records of success, to move the company forward." David Lieberman, a previous member of the board and a partner with the New York firm of Beckman, Lieberman & Barandes LLP, was named chairman. Richard Poirier, who's been with Herley since 1992, was named the new CEO and president.
Lancaster, Pennsylvania
Lancaster is a city in the south-central part of the Commonwealth of Pennsylvania. It is the county seat of Lancaster County and one of the older inland cities in the United States, . With a population of 59,322, it ranks eighth in population among Pennsylvania's cities...
, 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. At approximately the same time, Herley stock lost approximately 34% of its value, decreasing to $10.06 a share, the lowest since November 1998. In July 2010 the company settled for $10 million USD
United States dollar
The United States dollar , also referred to as the American dollar, is the official currency of the United States of America. It is divided into 100 smaller units called cents or pennies....
without admitting any wrongdoing.
Lee N. Blatt retired at the time, and Myron Levy was chosen as his successor. On October 13, 2006, the company announced that it had reached an administrative agreement with the OGC Acquisition Integrity Office, Department of Navy. With this agreement, the suspension preventing new contract awards was lifted, and Herley was able to resume its normal business dealings with both its DOD and prime contractor customers.
On July 22, 2009, Herley replaced Myron Levy as chief executive and chairman. The company stated that Levy's efforts had positioned it for future growth, but that it was “time for a completely new management team drawn from key personnel throughout the company with proven records of success, to move the company forward." David Lieberman, a previous member of the board and a partner with the New York firm of Beckman, Lieberman & Barandes LLP, was named chairman. Richard Poirier, who's been with Herley since 1992, was named the new CEO and president.
History
- 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, MassachusettsWoburn, MassachusettsWoburn is a city in Middlesex County, Massachusetts, USA. The population was 38,120 at the 2010 census. Woburn is located north of Boston, Massachusetts, and just south of the intersection of I-93 and I-95.- History :...
, a microwave subsystem designer and manufacturer.
- In June 1993, the Company acquired Vega Precision Laboratories, Inc. ("Vega") of Vienna, VirginiaVienna, VirginiaVienna is a town in Fairfax County, Virginia, United States. As of the 2010 United States Census, it had a population of 15,687. Significantly more people live in zip codes with the Vienna postal addresses bordered approximately by Interstate 66 on the south, Interstate 495 on the east, Route 7 to...
.
- 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, MarylandFrederick, MarylandFrederick is a city in north-central Maryland. It is the county seat of Frederick County, the largest county by area in the state of Maryland. Frederick is an outlying community of the Washington-Arlington-Alexandria, DC-VA-MD-WV Metropolitan Statistical Area, which is part of a greater...
, 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 YorkFarmingdale, New YorkThe Village of Farmingdale is an incorporated village on Long Island within the Town of Oyster Bay in Nassau County, New York in the United States...
, a microwave subsystem manufacturer with a 30 year history in the industry.
- In January 2000, Herley acquired Robinson Labs in Nashua, New HampshireNashua, New Hampshire-Climate:-Demographics:As of the census of 2010, there were 86,494 people, 35,044 households, and 21,876 families residing in the city. The population density was 2,719.9 people per square mile . There were 37,168 housing units at an average density of 1,202.8 per square mile...
, a manufacturer of microwave components used in commercial wireless and defense applications.
- In October 2000, Herley acquired American Microwave Technologies (AMT) in Anaheim, CaliforniaAnaheim, CaliforniaAnaheim is a city in Orange County, California. As of the 2010 United States Census, the city population was about 365,463, making it the most populated city in Orange County, the 10th most-populated city in California, and ranked 54th in the United States...
, a manufacturer of solid-state broadband RF amplifiers used by the scientific and medical markets.
- In September 2002, Herley acquired EW Simulation Technology Ltd., a UK manufacturer of electronic warfare simulator systems, increasing Herley's presence in the EW market and in the international market.
- In March 2004, Herley acquired Communication Techniques, Inc., of Whippany, New JerseyWhippany, New JerseyWhippany is an unincorporated area located within Hanover Township in Morris County, New Jersey. Whippany's name is derived from the Whippanong Native Americans, a tribe that once inhabited the area...
, a manufacturer of phase locked sources and fast frequency changing direct synthesizers.
- In September 2004, Herley acquired Reliable System Services, of Melbourne, FloridaMelbourne, FloridaMelbourne is a city in Brevard County, Florida, United States. As of 2009, the population estimated by the U.S. Census Bureau is 78,323. The municipal area is the second largest by size and by population in the county. Melbourne is a principal city of the Palm Bay – Melbourne – Titusville, Florida...
, which has focused on satellite-based command & control systems for defense customers.
- In February 2005, Herley acquired Micro Systems, Inc. of Fort Walton Beach, FloridaFort Walton Beach, FloridaFort Walton Beach is a city in southern Okaloosa County, Florida, United States. As of 2005, the population estimate for Fort Walton Beach was 19,992, and as of 2010, the population estimate for Fort Walton Beach is 19,507 recorded by the U.S. Census Bureau...
. Micro Systems is a recognized market leader in engineering, design and manufacturing of command & control systems for operation and tracking of unmanned aerial, seaborne and ground targets and missiles.
- In April 2005, Herley acquired Innovative Concepts, Inc., of McLean, VirginiaMcLean, VirginiaMcLean is an unincorporated community and census-designated place in Fairfax County in Northern Virginia. The community had a total population of 48,115 as of the 2010 census....
a company providing wireless communications technology and real-time embedded systems, software, hardware and high-speed processing in support of the defense industry. ICI was sold in November 2008 to Elbit SystemsElbit SystemsElbit Systems Ltd. is one of the world's largest defense electronics manufacturers and integrators. Established in 1967, and based in Haifa, Israel, Elbit employs 11,000 people worldwide....
of America.
- In September 2008, Herley purchased Eyal Microwave Industries ('EMI') based in Kibbutz EyalEyalEyal is a kibbutz in the Centre District of Israel close to the Green line. It is under the jurisdiction of the Drom HaSharon Regional Council-Geography:...
, IsraelIsraelThe State of Israel is a parliamentary republic located in the Middle East, along the eastern shore of the Mediterranean Sea...
Companies operated by Herley Industries
- Herley Industries, Inc., Lancaster, PennsylvaniaLancaster, PennsylvaniaLancaster is a city in the south-central part of the Commonwealth of Pennsylvania. It is the county seat of Lancaster County and one of the older inland cities in the United States, . With a population of 59,322, it ranks eighth in population among Pennsylvania's cities...
- Herley New England, Woburn, MassachusettsWoburn, MassachusettsWoburn is a city in Middlesex County, Massachusetts, USA. The population was 38,120 at the 2010 census. Woburn is located north of Boston, Massachusetts, and just south of the intersection of I-93 and I-95.- History :...
- Herley Farmingdale, Farmingdale, New YorkFarmingdale, New YorkThe Village of Farmingdale is an incorporated village on Long Island within the Town of Oyster Bay in Nassau County, New York in the United States...
- Herley Power Amplifier Systems, Farmingdale, New York
- EW Simulation Technology, Farnborough, HampshireFarnborough, Hampshire-History:Name changes: Ferneberga ; Farnburghe, Farenberg ; Farnborowe, Fremborough, Fameborough .Tower Hill, Cove: There is substantial evidence...
(UK) - Micro Systems, Inc., Fort Walton Beach, FloridaFort Walton Beach, FloridaFort Walton Beach is a city in southern Okaloosa County, Florida, United States. As of 2005, the population estimate for Fort Walton Beach was 19,992, and as of 2010, the population estimate for Fort Walton Beach is 19,507 recorded by the U.S. Census Bureau...
- Herley Lancaster, Lancaster, PennsylvaniaLancaster, PennsylvaniaLancaster is a city in the south-central part of the Commonwealth of Pennsylvania. It is the county seat of Lancaster County and one of the older inland cities in the United States, . With a population of 59,322, it ranks eighth in population among Pennsylvania's cities...
- Herley Chicago, Des Plaines, IllinoisDes Plaines, IllinoisDes Plaines is a city in Cook County, Illinois, United States. It has adopted the official nickname of "City of Destiny." As of the 2000 census, the city had a total population of 58,720. It is a suburb of Chicago, and is next to O'Hare International Airport...
- Herley General Microwave Israel, Jerusalem
- Herley CTI, Whippany, New JerseyWhippany, New JerseyWhippany is an unincorporated area located within Hanover Township in Morris County, New Jersey. Whippany's name is derived from the Whippanong Native Americans, a tribe that once inhabited the area...
- Herley RSS, Melbourne, FloridaMelbourne, FloridaMelbourne is a city in Brevard County, Florida, United States. As of 2009, the population estimated by the U.S. Census Bureau is 78,323. The municipal area is the second largest by size and by population in the county. Melbourne is a principal city of the Palm Bay – Melbourne – Titusville, Florida...
- Herley Medical Products, Lancaster, PennsylvaniaLancaster, PennsylvaniaLancaster is a city in the south-central part of the Commonwealth of Pennsylvania. It is the county seat of Lancaster County and one of the older inland cities in the United States, . With a population of 59,322, it ranks eighth in population among Pennsylvania's cities...
External links
- Companies owned by Herley: