Aeroflex Incorporated Announces Completion Of Acquisition Of Ubinetics Test & Measurement Division

PLAINVIEW, NEW YORK -- Aeroflex Incorporated (Nasdaq Symbol: ARXX), a leading designer, developer and manufacturer of automated testing solutions and microelectronics for the aerospace, defense and broadband communications markets, announced today that it has completed the acquisition of the Test and Measurement Division ("SPG") of UbiNetics Holdings Limited pursuant to the terms set forth in its press release dated May 20, 2005.

A conference call will be held today, Monday, May 23, 2005 at 9:00 a.m. (EDT) to discuss the UbiNetics transaction. The dial-in number for calls made in the United States is 1-800-299-0433 and outside the United States is 617-801-9712, Participant Code: 23778776. There will also be a replay of the call starting at approximately 11:00 a.m. (EDT) on Monday, May 23, 2005 and ending at 11:59 p.m. (EDT) on Monday, May 30, 2005. The telephone number for the replay is 1-888-286-8010 in the United States and 617-801-6888 outside of the United States, Passcode: 75372204 for both. This call is being webcast by CCBN and can be accessed at Aeroflex's website at www.aeroflex.com. This webcast will be archived on that site for one year.

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 Web site: www.aeroflex.com.

Source: Aeroflex Incorporated