Acquisition of Aeroflex Incorporated Completed

  
    
  
  
    
      Aeroflex Incorporated (formerly Nasdaq Symbol: ARXX) announced today 
      that it has completed the previously announced acquisition of Aeroflex 
      by affiliates of or funds managed by The Veritas Capital Fund III, L.P., 
      Golden Gate Private Equity, Inc. and Goldman, Sachs & Co. The merger was 
      approved by Aeroflex's shareholders at a meeting on July 26. Aeroflex 
      shareholders will receive $14.50 in exchange for the shares of Aeroflex 
      common stock and will receive written instructions from the paying agent 
      with respect to the proper method of exchanging stock certificates for 
      the merger consideration. Pending receipt of such instructions, 
      shareholders should not forward stock certificates to the Company.
    
    
      About Aeroflex
    
    
      Aeroflex Incorporated is a global provider of high technology solutions 
      to the aerospace, defense and broadband communications markets. The 
      Company’s diverse technologies allow it to 
      design, develop, manufacture and market a broad range of test, 
      measurement and microelectronic products. Additional information 
      concerning Aeroflex Incorporated can be found on the Company’s 
      website: www.aeroflex.com.
    
    
      Forward-Looking Statements
    
    
      This press release contains forward-looking statements. All statements 
      other than statements of historical fact included in this press release 
      regarding Aeroflex’s business strategy and 
      plans and objectives of its management for future operations are 
      forward-looking statements. When used in this press release, words such 
      as “anticipate,” “believe,” 
      “estimate,” “expect,” 
      “intend” and 
      similar expressions, as they relate to Aeroflex or its management, 
      identify forward-looking statements. Such forward-looking statements are 
      based on the current beliefs of Aeroflex’s 
      management, as well as assumptions made by and information currently 
      available to its management. Actual results could differ materially from 
      those contemplated by the forward-looking statements as a result of 
      certain factors, including but not limited to, competitive factors and 
      pricing pressures, changes in legal and regulatory requirements, 
      technological change or difficulties, product development risks, 
      commercialization difficulties and general economic conditions. Such 
      statements reflect our current views with respect to the future and are 
      subject to these and other risks, uncertainties and assumptions. 
      Aeroflex does not undertake any obligation to update such 
      forward-looking statements.