Aerosonic Announces Results for the First Quarter of Fiscal Year 2007.

CLEARWATER, Fla. -- Aerosonic Corporation (AMEX:AIM), a leading supplier of precision flight products for commercial, business and military aircraft, announced that today it filed its quarterly report on Form 10-Q for the quarter ended April 28, 2006, with the U.S. Securities and Exchange Commission.

For its fiscal quarter ended April 28, 2006, the Company reported revenues of $8.5 million, down 7%, when compared to revenues of $9.1 million for the fiscal quarter ended April 29, 2005. This decrease, which was primarily attributed to a reduction in revenue recognition on the nearly complete F-35 (Joint Strike Fighter) development contract, was offset by an 8% improvement in gross margin. Gross profit was $2.7 million for the fiscal quarter ended April 28, 2006 compared to $2.5 million for the fiscal quarter ended April 29, 2005.

Net income for the quarter ended April 28, 2006 was approximately $583,000, up 30% when compared to $449,000 for the quarter ended April 29, 2005. This increase was largely driven by the improvements in gross profit as well as a reduction in income tax expense. Further information regarding the reduction in income tax expense can be found in the Company's 10-Q filing. The Company reported earnings per share on a fully diluted basis of $0.15 and $0.11 for the quarters ended April 28, 2006 and April 29, 2005, respectively.

"The first quarter saw improvement in many of our core financial indices. We continue to streamline our production capabilities and achieve greater operating efficiencies that are resulting in increased profitability," stated David Baldini, Aerosonic's Chairman, President and Chief Executive Officer. "Going forward, we plan to capitalize on these achievements, as well as the growth and stability of our market, to invest in new product development and to explore possible strategic alliances and acquisitions designed to enhance long term shareholder value and keep us well positioned for the future."

Aerosonic Corporation, headquartered in Clearwater, Florida, is principally engaged in the manufacture of aviation products. Locations of the Company include Clearwater, Florida, Earlysville, Virginia and Wichita, Kansas. For additional information, visit the Company's website at http://www.aerosonic.com.

This document contains statements that constitute "forward-looking" statements within the meaning of the Securities Act of 1933 and the Securities Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. "Forward-looking" statements contained in this document include the intent, belief or current expectations of the Company and its senior management team with respect to future actions by officers and directors of the Company, prospects of the Company's operations, profits from future operations, overall future business prospects and long term stockholder value, as well as the assumptions upon which such statements are based.

Investors are cautioned that any such forward-looking statements are not guarantees of future performance, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors that could cause actual results to differ materially from those contemplated by the forward-looking statements in this document include, but are not limited to, adverse developments involving operations of the Company's business units, failure to meet operating objectives or to execute the business plan, and the failure to reach revenue or profit projections. The Company undertakes no obligation to update or revise the forward-looking statements contained in this document to reflect changed assumptions, the occurrence of unanticipated events, or changes to future operating results over time.