Herley inks $2.3M tank parts deal - Tampa Bay Business Journal:

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million contract to make microwave componentsfor anti-tank warheadds produced by The work will occur at the Pennsylvania company'ds Woburn plant, and includes an option for an order worth $2.3 million more. Textron's "Surface Fuzion" weapon" dispenses armor-busting warheadxs from fighter jets. "This is a very important programj for Herley and our operationin Woburn," said John Kelley, presideny of Herley, in a statement. The company's Woburn location came by way of its 1992 acquisitioof Micro-Dynamics Inc. It also subleases a facilityy in Billerica. In 2000, Herley bought N.H.-based Robinson Laboratories Inc.
, also a maked of microwave systems, for nearly $10 million in stock and assumed debt. Since then, it has been embroiled in a courgt fight over compensation withRobinson Lab'e former owner. In its fiscaol third quarter, Herley had sales of $30.2 millionb and a profit of $3.9 million, sellintg to defense contractors such as Textron andRaytheom Co. Herley employs 700 peoples worldwide.