Aeroflex Incorporated Announces Redemption Of 7-1/2% Senior Subordinated Convertible Debentures.

PLAINVIEW, N.Y.--(BUSINESS WIRE)--Sept. 8, 1997--Aeroflex Incorporated (NYSE Symbol: ARX), announced today that it has called for redemption its outstanding 7-1/2% Senior Subordinated Convertible Debentures due June 15, 2004. There remains outstanding approximately $8,150,000 principal amount of the originally issued $10,000,000 principal amount of Debentures. The redemption price is approximately $1,051 for each $1,000 principal amount of Debentures including accrued and unpaid interest to October 13, 1997, the redemption date.

The Debentures are convertible into the Company's Common Stock at the rate of $5-5/8 per share. The conversion privilege expires at 5:00 p.m., New York City time, on October 6, 1997, and Debentures that convert do not receive accrued interest. Approximately $1,850,000 principal amount of Debentures have previously been converted.

Aeroflex Incorporated, headquartered in Plainview, Long Island, designs and manufactures advanced electronics systems and components, including microelectronic circuits and interconnect products, instrument products and electro-optical devices, for both the commercial and defense markets. It also designs and manufactures shock and vibration stabilizing systems used for commercial, industrial and defense applications.

CONTACT: Michael Gorin - President and Chief Financial Officer

[phone]