10:25 GMT, January 13, 2010 LANCASTER, Pa. | Herley Industries, Inc. (Nasdaq: HRLY) announced today that John A. Thonet has succeeded David M. Lieberman as Chairman of the Board.

Mr. Lieberman was appointed to the Company's Board of Directors on July 22, 2009 and elected as an executive officer of the Company, serving in the capacity as Chairman of the Board. As an attorney, officer and director, Mr. Lieberman has provided services to the Company for over 35 years. Having fulfilled various initiatives, the Company and Mr. Lieberman determined that it would be in their mutual best-interests for the Company to transition to a new Chairman of the Board and for Mr. Lieberman to transition back as counsel to the Company as well as being able to engage in other business opportunities. During his tenure as Chairman, Mr. Lieberman was able to achieve results which exceeded the Company's expectations with respect to both the benefits to the Company and the time period during which these benefits were able to be realized.

Mr. Thonet has been a director of the Company since 1991 and has served as Secretary of the Corporation. Mr. Thonet has been determined by the Board to be an independent director under NASDAQ's listing rules. Mr. Thonet is the President of Thonet Associates, Inc., a consulting firm that he founded in 1980, specializing in environmental planning and engineering design for land development projects and land use planning programs. Mr. Thonet holds BS and MS degrees in Forest Engineering from the SUNY College of Environmental Science and Forestry at Syracuse. He is a licensed professional engineer in New Jersey, Massachusetts, Pennsylvania, Michigan and West Virginia and is a licensed professional planner in New Jersey.

Mr. Lieberman commented, "I am honored to have served as Chairman of Herley during this important transition period and am very pleased with the appointment of John Thonet as my successor. John has displayed excellent leadership qualities as a director and he will be receiving my full support."

Furthremore, Herley announced today that Michael N. Pocalyko has been elected to its Board of Directors.

Mr. Pocalyko was elected as a Class II director to serve until the 2011 Annual Meeting of Stockholders. In connection with his election, the Board of Directors determined that Mr. Pocalyko is an independent director under NASDAQ's listing rules and also satisfies the enhanced independence requirements for service on the Company's Audit Committee. Mr. Pocalyko also qualifies as a "financial expert" under NASDAQ's listing rules and applicable regulations of the Securities and Exchange Commission and was appointed to serve on the Company's Audit Committee.

Mr. Pocalyko is managing director and chief executive officer of Monticello Capital in Chantilly, Virginia, an investment bank and private equity firm that specializes in technology companies and mergers and acquisitions, operating internationally in eleven countries. He has extensive experience as an expert financial advisor, corporate director, and principal in high-growth multinational corporations in the advanced technology manufacturing, engineering services, defense and aerospace, and biomedical industries. He currently chairs the board of TherimuneX Pharmaceuticals, Inc. in Doylestown, Pennsylvania and previously chaired Advanced Environmental Resources, Inc. in Reston, Virginia and Erdevel Europa S.a r.l. in Luxembourg and Saudi Arabia. He also represented two governors of Virginia on the Commonwealth Competition Council. Prior to his career as a financier Mr. Pocalyko was a Navy commander and served in the Office of the Secretary of Defense and on the staff of the Secretary of the Navy. He is a Beirut veteran and was a decorated Navy pilot. Mr. Pocalyko earned his bachelor's degree at Muhlenberg College, his Master in Public Administration degree at the Harvard Kennedy School, and his Master of Business Administration degree at the Wharton School of the University of Pennsylvania. He holds the Certificate of Director Education (CDE) from the National Association of Corporate Directors and has graduated from corporate director executive education programs at Wharton and the University of Chicago

John Thonet, Chairman of the Board, commented on Mr. Pocalyko's election: "Mr. Pocalyko is a distinguished financial executive and top mergers and acquisitions advisor for technology companies. This background, together with his years of experience in the engineering and defense sectors in which Herley Industries operates, and his proven record as a corporate director, will add depth and dimension to Herley's Board."