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

To: Craig Markell who wrote (521)	1/6/1999 11:11:00 AM
From: Craig Markell	Read Replies (1) \| Respond to of 586

Aeroflex Incorporated Announces Orders Valued At Approximately $4.7 Million From Lucent Technologies and Raytheon for Microelectronic Products BusinessWire, Wednesday, January 06, 1999 at 10:58 PLAINVIEW, N.Y.--(BUSINESS WIRE)--Jan. 6, 1999-- Applications for Internet Infrastructure Buildout and High Speed Data Communications Aeroflex Incorporated (NYSE Symbol:ARX), a manufacturer of advanced electronic systems and microelectronic components, announced that its Microelectronics Division, consisting of Aeroflex Circuit Technology and MIC Technology, received orders valued at approximately $4.7 million from Lucent Technologies and Raytheon for microelectronic products used to support fiber optic interfaces for internet communications, and data communications for the latest generation Thermal Weapons Sight. Deliveries are expected to take place over a 12 month period. "We are extremely pleased to have received these orders from Lucent Technologies and Raytheon", said John Buyko, Senior Vice President of Sales and Marketing for Aeroflex. "As demand for bandwidth continues to increase significantly, companies building the needed infrastructure (such as fiber-optic communication manufacturers) are utilizing Aeroflex's wide spectrum of enabling microelectronic product technologies." 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. (Except for historical information contained in this news release, the matters discussed are forward looking statements that involve risks and uncertainties. Among the factors that could cause actual results to differ materially are the following: the effect of business and economic conditions; the impact of competitive products and pricing; capacity and supply constraints or difficulties; product development, commercialization or technological difficulties; the regulatory and trade environment; and the risk factors reported from time to time in the Company's SEC reports.) CONTACT: Aeroflex Incorporated, Plainview Michael Gorin - President and Chief Financial Officer (516) 694-6700