Aerosonic Makes Announcement.

CLEARWATER, Fla.--(BUSINESS WIRE)--Dec. 23, 1998--Aerosonic Corp. (AMEX:AIM) disclosed Wednesday that it has engaged Bowles, Hollowell, Conner & Co., a subsidiary of First Union Corp., to advise its board of directors in evaluating strategic alternatives to optimize shareholder value.

Such alternatives may include investigation of potential merger or investment partners, which could bring operating synergies to the company and augment Aerosonic's relationships with key customers.

Aerosonic Corp. is a leading manufacturer of aircraft instruments, including altimeters, airspeed indicators, microprocessor controlled air data test sets, and rate of climb indicators, supplying the U.S. and foreign governments as well as manufacturers of commercial and private aircraft. Recently added, is the Precision Components Division, which manufactures mechanical parts for the optical industry.

Avionics Specialties Inc., a wholly owned subsidiary of Aerosonic Corp., located in Charlottesville, Va., manufactures precision instrumentation avionics for the military and commercial aircraft markets including Angle of Attack (AOA)/stall warning systems, Power Analyzer and Recorder (PAR), a turbine engine monitoring system, and a recently introduced combined Angle of Attack/Air Data Multifunction Probe (MFP), which is being used on the Lockheed Martin Joint Strike Fighter Concept Demonstration Aircraft. Since the 1950's, Avionics Specialties has pioneered in the development of Angle of Attack flight sensors, continuously incorporating new technologies that contribute to greater efficiency and safety in flight.

This press release 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 press release include the intent, belief or current expectations of the company and its senior management team with respect to the future prospects of the company's operations and belief concerning profits from operations in the fourth quarter of FY1999 and the company's overall future business prospects 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 involve risks, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those contemplated by the forward-looking statements in this press release include, but are not limited to, adverse developments with respect to the 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 press release to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time.