Boat US has 6 handheld models for sale under $150, three are house brands, West Marine (I don't know who makes them), the other three, two Standard Horizon and one Uniden both have pretty good reps.
Just out of curiousity, why would you go for a 5 watt handheld vs a full 25 watt fixed mount VHF? BoatUS has 5 models (Standard Horizon, Raymarine and Uniden) for under your target price.
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