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Technology Stocks : Aeroflex (ARX) -- Ignore unavailable to you. Want to Upgrade?

To: Jeffery E. Forrest who wrote (442)	4/30/1998 9:18:00 AM
From: Kerry Lee	Read Replies (2) \| Respond to of 586

Aeroflex Announces $10 Million Contract With Hughes Space and Communications for Satellite Test Equipment Business Wire - April 30, 1998 08:58 %AEROFLEX ARX %NEW-YORK %AEROSPACE %DEFENSE %TELECOMMUNICATIONS %PRODUCT V%BW P%BW PLAINVIEW, N.Y.--(BUSINESS WIRE)--April 30, 1998--Aeroflex Incorporated (NYSE Symbol:ARX), announced today that its subsidiary, Aeroflex Lintek, has been awarded a contract valued at approximately $10 million from Hughes Space and Communications for next generation communication satellite test equipment. The contract is for nine systems that will be used to increase the speed of satellite test and integration and are deliverable over approximately 18 months. "This contract will increase Aeroflex's presence in the growing satellite testing business," said Leonard Borow, Executive Vice President and Chief Operating Officer of Aeroflex. "The systems are based on Aeroflex's patented, proprietary, high speed instrumentation. As a result of the acceleration in the number of planned communication satellite launches, there is a need to speed up payload testing. We believe that Hughes selected Aeroflex because our system satisfies that need." Aeroflex Incorporated, through its subsidiaries, utilizes advanced technologies to provide state-of-the-art microelectronic module, interconnect and testing solutions used in communication applications for commercial and defense markets. It also designs and manufactures motion control systems and shock and vibration isolation systems used for commercial, industrial and defense applications. CONTACT: Aeroflex Incorporated, Plainview Michael Gorin, (516) 694-6700