Aeroflex Incorporated Announces Plan to Divest Radar Business

  
    
  
  
    
      Aeroflex Incorporated (Nasdaq Symbol: ARXX), announced today its 
      decision to divest its radar systems development and manufacturing 
      business located in Powell, Ohio and to seek a strategic buyer. This is 
      one of three divisions in the Company’s Powell 
      operation. The two other divisions, synthetic test systems and broadband 
      test equipment, will be retained.
    
    
      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. The Company’s 
      common stock trades on the Nasdaq National Market System under the 
      symbol ARXX and is included in the S&P SmallCap 600 index. Additional 
      information concerning Aeroflex Incorporated can be found on the Company’s 
      website: www.aeroflex.com.
    
    
      Forward Looking Statements
    
    
      This release contains forward-looking statements, which are subject to 
      various risks and uncertainties. Discussion of risks and uncertainties 
      that could cause actual results to differ materially from management’s 
      current projections, forecasts, estimates and expectations is contained 
      in Aeroflex’s filings with the SEC. 
      Specifically, Aeroflex makes reference to the section entitled “Risk 
      Factors” in its annual and quarterly reports. 
      In addition to the risks and uncertainties set forth in Aeroflex’s 
      SEC reports or periodic reports, the proposed transaction mentioned in 
      our press release dated May 25, 2007 could be affected by, among other 
      things, the occurrence of any event, change or other circumstances that 
      could give rise to the termination of the merger agreement; the outcome 
      of any legal proceedings that may be instituted against Aeroflex and 
      others related to the merger agreement; failure to obtain stockholder 
      approval or any other failure to satisfy other conditions required to 
      complete the merger, including required regulatory approvals; risks that 
      the proposed transaction disrupts current plans and operations and the 
      potential difficulties in employee retention as a result of the merger; 
      the amount of the costs, fees, expenses and charges related to the 
      merger and the execution of certain financings that will be obtained to 
      consummate the merger; and the impact of the substantial indebtedness 
      incurred to finance the consummation of the merger. Additional risk 
      factors also include events and circumstances that may make it difficult 
      to successfully divest the Company’s radar 
      systems business or to successfully integrate the business of 
      MicroMetrics, Inc., which was acquired on April 16, 2007.