ARXX Aeroflex Inc. (MM)

Aeroflex Incorporated (Nasdaq: ARXX), a leading designer, developer and manufacturer of automated testing solutions and microelectronics for the aerospace, defense and broadband communications markets, had planned to announce its earnings for the fiscal 2006 third quarter, which ended March 31, 2006, at the close of business today. The Company and its auditors need additional time to complete their respective reviews of the results and therefore, the Company intends to announce earnings on Wednesday, May 10, 2006, after the market close. A conference call to discuss the results is now scheduled to be held on Wednesday, May 10, 2006 at 5:00 p.m. (New York time) The dial-in number for the conference call in the United States is 800-638-4930. For callers outside of the United States, please dial 617-614-3944. The participant pass code is 29543227. There will be a replay of the conference call beginning one hour after the call's conclusion. This replay will be available for seven days. The telephone number for the replay in the United States is 888-286-8010 and for callers outside of the United States, the number is 617-801-6888. The pass code for the replay is 43676806. 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. All statements other than statements of historical fact included in this press release regarding Aeroflex's 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, changes in legal and regulatory requirements, technological change or difficulties, product development risks, commercialization difficulties and general economic conditions. Such statements reflect our current views with respect to the future and are subject to these and other risks, uncertainties and assumptions. Aeroflex does not undertake any obligation to update such forward-looking statements.