Aviation Week Names Herley the Best-Managed Small Company.Business Editors/Hi-Tech Writers LANCASTER, Pa.--(BUSINESS WIRE)--June 5, 2001 Herley Industries Herley Industries, based in Lancaster, Pennsylvania, is an American company that specializes in supplying microwave and millimeter wave products to defense and aerospace industries. , Inc. (Nasdaq:HRLY HRLY Hourly HRLY Herley Industries, Inc. (stock symbol) ) has been named one of the global aviation and aerospace industry's "Best-Managed Companies" according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Aviation Week & Space Technology. In the magazine's June 4 "The Best of the Business" issue, Herley is named the Best-Managed Small Company for 2001. AW&ST's annual Best-Managed Company ratings are based on the magazine's proprietary Competitiveness Index. Publicly traded companies' published financials provide the raw data for computing computing - computer the rankings. The focus of the Index is on critical management measures such as asset utilization, productivity and financial stability. Each measure is composed of key ratios widely associated with well-run companies. Herley emerged as one of seven companies recognized for its organizational strength and ability to compete in the global marketplace. To recognize the accomplishments of this year's Best-Managed Companies, AW&ST will host its Fifth Annual Best-Managed Companies Awards and Executive Conference at the Paris Air Show The Paris Air Show (Salon International de l'Aéronautique et de l'Espace, Paris-Le Bourget) is an international trade fair for the aerospace business. It is held at Le Bourget airport near Paris, France every odd year, alternating both with the Farnborough International in Paris on June 19. There will be a panel discussion and Q & A session featuring Lee N. Blatt, Chairman of Herley, and other senior executives of the Best-Managed Companies. "The Best-Managed Companies rankings are a report card for determining how well management is running the business in light of current and future competitive requirements," said Aviation Week Executive Vice President/Publisher Kenneth E. Gazzola. "This year's winning companies set a standard for the entire global aviation and aerospace industry." Herley Industries Inc. is a leader in the design, development and manufacture of microwave technology solutions for the commercial wireless and defense/aerospace industries. Based in Lancaster, PA, Herley has five manufacturing facilities and approximately 650 employees worldwide. Additional information about the company can be found on the Internet at www.herley.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement - Except for the historical information contained herein, this release may contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . Such statements are inherently subject to risks and uncertainties. The Company's results could differ materially based on various factors, including, but not limited to cancellation or deferral deferral - Waiting for quiet on the Ethernet. of customer orders, difficulties in the timely development of new products, difficulties in manufacturing, increased competitive pressures, and general economic conditions. |
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