AYDIN CORP. Board of Directors Removes I. Gary Bard as Chairman and CEO.

HORSHAM, Pa.--(BUSINESS WIRE)--Oct. 20, 1998--

Warren Lichtenstein Appointed Chairman,

James Henderson Appointed President and Chief Operating Officer 

AYDIN CORP. (NYSE: AYD) announced Tuesday that its Board of Directors has removed I. Gary Bard as the Company's Chairman and Chief Executive Officer.

The Board has elected Warren Lichtenstein as Chairman of the Board and James R. Henderson, the Company's current Chief Financial Officer, as President and Chief Operating Officer. Bard had served as Chairman and Chief Executive Officer since May 1996.

Lichtenstein announced, "The Board concluded that immediate action was necessary to jump start our program to enhance value for Aydin's shareholders. We are continuing to work with PricewaterhouseCoopers Securities in our efforts to maximize shareholder value."

Separately, the Company announced that the president of the Company's Telemetry Division and certain other managers of that Division have voluntarily resigned as the result of a dispute with the Company.

The dispute relates to the current desire on the part of this group of individuals to pursue a purchase of the Telemetry Division from the Company, in a manner that the Company's Board of Directors does not believe to be in the best interest of the Company and its shareholders.

The Company does not anticipate that the departure of these employees will materially impair either the Company's ability to service the Telemetry Division's customers or the Board's efforts to maximize shareholder value.

AYDIN is a world-class provider of products and systems for the acquisition and distribution of information over electronic communications media.

The Company designs, engineers, manufactures, markets, distributes and installs technologically advanced communications products and systems, from basic components to turnkey systems for military, space, government and commercial organizations around the world.

Except for the historical matters contained in this press release, statements made in this press release are forward-looking and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

Investors are cautioned that these forward-looking statements reflect numerous assumptions and involve risks and uncertainties which may affect AYDIN's business and prospects and cause actual results to differ materially from these forward-looking statements, including loss of current customers, reductions in orders from current customers, or delays in ordering by current customers, failure to obtain anticipated contracts or orders from new customers, or expected volume from such customers, higher material or labor costs, unfavorable results in litigation against AYDIN, the availability of adequate sources of working capital, consummation of planned Division sales, and economic, competitive, technological, governmental, and other factors discussed in AYDIN's filings with the Securities and Exchange Commission.