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.

 

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