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Herley, TE Connectivity included on missile contract

By - Last modified: January 4, 2013 at 11:13 AM

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Midstate electronics design and manufacturing companies Herley Industries Inc. and TE Connectivity Ltd. will benefit from a $592 million missile contract the U.S. Department of Defense awarded to Lockheed Martin Corp. at the end of December.

Herley — with facilities in East Hempfield Township, Lancaster County — and TE Connectivity — which has facilities in Lower Paxton and Lower Swatara townships, Dauphin County — will produce hardware components for the missiles and support systems as part of the contract, Lockheed spokeswoman Lynn Fisher said in an email.

Maryland-based Lockheed is building Trident II D5 submarine-fired ballistic missiles for the U.S. Strategic System Programs as part of the five-year contract that could be worth $1.1 billion if all options are exercised.

Herley has the larger of the two subcontracts worth about $4.7 million, or 0.8 percent, according to the DOD. TE Connectivity’s portion is worth about $474,000, or 0.08 percent.

Herley makes microwave technologies for aerospace, communications and medical applications. The company is a subsidiary of San Diego-based Kratos Defense & Security Solutions Inc. Kratos trades its shares on the Nasdaq under the ticker symbol KTOS.

TE Connectivity, with U.S. headquarters in Chester County, makes electronic components and wires for a wide variety of industries. The company trades its shares on the New York Stock Exchange under the symbol TEL.

 

Jim T. Ryan

Jim T. Ryan

Jim T. Ryan covers Cumberland County, manufacturing, distribution, transportation and logistics. Have a tip or question for him? Email him at jimr@cpbj.com. Follow him on Twitter, @JimTRyanCPBJ.

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