PHAZAR CORP Announces 2005 Fiscal Year Financial Results.

FORT WORTH, Texas -- PHAZAR CORP (Nasdaq:ANTP) announced 2005 fiscal year end results today. The Company ended the year with a net income from operations of $1,737,288 (77 cents per share) on sales of $11,614,785 for the year ended May 31, 2005. This compares to a net income from operations of $1,422,113 (65 cents per share) on sales of $11,713,910 for the year ended May 31, 2004. PHAZAR CORP's net income increased $315,175 or 22% on 1% lower sales in fiscal year 2005. The increase in profitability was due to improved margins on products sold during the year ended May 31, 2005.

The Company's backlog of orders totaled approximately $4.4 million at year-end. The backlog on May 31, 2005, includes the approximate balance of $2.8 million remaining on a production contract awarded to Antenna Products Corporation for the manufacture of 270 low band antenna matching unit assemblies and 346 high band antenna matching unit assemblies. The antenna matching unit assemblies are for the High Frequency Active Auroral Research Program (HAARP) ionospheric research site near Gokona, Alaska, the site of the recently completed installation of an array of 132 crossed dipole antennas built and installed by Antenna Products Corporation in 2004. On June 20, 2005, Antenna Products Corporation was awarded a $1,733,482 contract for the installation of the antenna matching unit assemblies at the HAARP site. As the result of this order, The Company's backlog of orders as of June 20, 2005 was approximately $6.3 million. PHAZAR CORP's backlog totaled $6.8 million on May 31, 2004.

The two contracts for the production and installation of the antenna matching unit assemblies are scheduled to be completed in the first six months of fiscal year 2006.

Information on PHAZAR CORP is available on the Internet web page at: www.phazar.com and at: www.antennaproducts.com.

The common stock of PHAZAR CORP is listed on the Nasdaq SmallCap Market under the trading symbol "ANTP". This press release contains forward-looking information within the meaning of Section 29A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performances and underlying assumption and other statements, which are other than statements of historical facts. Certain statements contained herein are forward-looking statements and, accordingly, involve risks and uncertainties, which could cause actual results, or outcomes to differ materially from those expressed in the forward-looking statements. The Company's expectations, beliefs and projections are expressed in good faith and are believed by the Company to have a reasonable basis, including without limitations, management's examination of historical operating trends, data contained in the Company's records and other data available from third parties, but there can be no assurance that management's expectations, beliefs or projections will result, or be achieved, or accomplished.