Aeroflex (NASDAQ:ARXX)
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Aeroflex Incorporated (Nasdaq Symbol: ARXX), announced
today that it has received a $5 million order for High-Reliability
ASICs (Application Specific Integrated Circuits) and Standard Data
Communication Products. The products will be used for a major military
subcontractor's jet engine, flight and cabin environmental controls.
Initial deliveries will commence this quarter and are expected to be
completed by January 2010.
"We are very pleased to have received this strategic award to
support this prominent military subcontractor," said John Buyko,
President, Aeroflex Microelectronic Solutions. "The order is part of
$15M in awards from this customer in the past sixteen months. Aeroflex
has a long history of supplying High-Reliability and
radiation-hardened ASICs and integrated circuits to the aerospace,
satellite and defense community.
"Aeroflex provides products specifically designed for military and
commercial avionic applications such as high-temperature engines,
environmental cabin control, and data communications," continued Mr.
Buyko. "As a fab-independent supplier, we offer customers the benefits
of our multiple foundry partners, coupled with state-of-the-art design
and technology processes."
About Aeroflex
Aeroflex Incorporated is a leading 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 Web
site: www.aeroflex.com.
All statements other than statements of historical fact included
in this press release regarding Aeroflex's financial position,
business outlook, 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, the integration of acquired
businesses, changes in legal and regulatory requirements,
technological change or difficulties, product development risks,
commercialization difficulties, general economic conditions, and other
risk factors disclosed in Aeroflex's most recently filed Form 10-Q.
Such statements reflect the current views of management with respect
to the future and are subject to these and other risks, uncertainties
and assumptions relating to Aeroflex's financial condition, results of
operations, growth strategy and liquidity. Aeroflex does not undertake
any obligation to update such forward-looking statements.