Aeroflex Incorporated announces purchase of JcAIR Test Systems business from Goodrich Corporation

From: Aeroflex Inc.
Published: Mon Apr 25 2005

Plainview, USA – 25 April 2005. Aeroflex Incorporated (Nasdaq Symbol: ARXX), a leading designer, developer and manufacturer of automated testing solutions and microelectronics for the aerospace, defence and broadband communications markets, has announced the acquisition of the business of JcAIR Test Systems from aerospace and defence supplier, Goodrich Corporation, for $35 million in cash.

JcAIR Test Systems, with 2004 revenues of approximately $24 million, provides customized avionics test solutions in all areas of manual and automatic test equipment for manufacturing, repair and ground support operation. They have offered consulting, engineering, design, manufacturing, product support and maintenance for over two decades to many of the major air carriers, airframe and avionics manufacturers around the world.

Len Borow, Vice Chairman and COO of Aeroflex said, "The addition of JcAIR Test Systems will enhance Aeroflex’s Avionics product portfolio and will provide more complete testing solutions for the avionics system test market. The JcAIR name is recognized worldwide as a leading provider of avionics testing solutions which has garnered them a leading position and a top tier customer base. The acquisition is expected to produce substantial operating synergies and be accretive to future earnings."

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About Aeroflex

Aeroflex Incorporated is a global provider of high technology solutions to the aerospace, defence, cellular 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 website:

About Goodrich Corporation

Goodrich Corporation (NYSE: GR), a Fortune 500 company, is a leading global supplier of systems and services to the aerospace and defense industry. If there’s an aircraft in the sky – Goodrich is on it. Goodrich technology is involved in making aircraft fly…helping them land…and keeping them safe. Serving a global customer base with significant worldwide manufacturing and service facilities, Goodrich is one of the largest aerospace companies in the world. For more information, visit:

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, 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 relating to Aeroflex’s financial condition, results of operations, growth strategy and liquidity. Aeroflex does not undertake any obligation to update such forward-looking statement.

Please send reader enquiries to:

Mark Wallace
Aeroflex Test Solutions
Longacres House, Six Hills Way, Stevenage SG1 2AN, United Kingdom
Tel: +44 (0)1438 772087
Fax: +44 (0)1438 727601

Ref: ATS033
Words: 184

Company: Aeroflex Inc.
Contact Name: Mark Wallace
Contact Email:
Contact Phone: +44 (0)1438 772087

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