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Herley Industries, Inc. to be Acquired by Kratos Defense & Security Solutions, Inc. for $19 Per Share in Cash

LANCASTER, Pa. Feb. 7, 2011 $19.00 $270 million

John A. Thonet

February 25, 2011 $19.00 $19.00

USA

About Herley Industries, Inc.

Lancaster, PA www.Herley.com

About Kratos Defense & Security Solutions, Inc.

San Diego, California

IMPORTANT ADDITIONAL INFORMATION WILL BE FILED WITH THE SEC

http://www.sec.gov http://www.Herley.com/index.cfm?act=investor Lancaster, PA

FORWARD-LOOKING STATEMENTS

August 1, 2010 October 31, 2010

For information at Herley contact:
Tel: (717) 397-2777
Peg Guzzetti, Investor Relations

SOURCE Herley Industries, Inc.

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