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NAVY PROGRAM DELAY TO CAUSE ANAREN CUTBACKS

 NAVY PROGRAM DELAY TO CAUSE ANAREN CUTBACKS
 SYRACUSE, N.Y., Sept. 18 /PRNewswire/ -- A delay in a U.S. Navy


program for development of a defense electronics system will reduce anticipated revenues for Anaren Microwave (NASDAQ: ANEN) by $10 million in fiscal year 1994. As a result, the company expects to downsize by approximately 25 percent by fiscal 1994, which begins in July 1993.
 The company currently employs 263 people in Syracuse, 293 worldwide. Employment in Syracuse is expected to decrease by between 50 and 60 people over the next 12 months.
 The Navy's Airborne Self Protection Jammer (ASPJ) program, designed to protect Navy aircraft from missile attack, will be slowed at least one year due to further delays in operational testing. The ASPJ Program involves production of Anaren's Digital RF Memory (DRFM) and Digital Frequency Discriminators (DFDs).
 A DRFM stores received radar signals for later recall and use by the system's jammer to deceive unfriendly radar; a DFD is used to characterize radar signals.
 Anaren's sales for the fiscal year ended June 27, 1992, were $33,020,416.
 Anaren, headquartered in Syracuse, N.Y., designs and manufactures microwave components, assemblies and receiver subsystems for use in tactical electronic applications for defense of ships, aircraft and land vehicles. It is traded on the NASDAQ Over-the-Counter National Market under the symbol ANEN.
 -0- 9/18/92
 /CONTACT: Carl Gerst of Anaren Microwave, Inc., 315-432-8909, or Anthony D'Angelo of Sage Marcom, Inc., 315-478-6612, or 315-488-4573, after hours, for Anaren Microwave, Inc./
 (ANEN) CO: Anaren Microwave, Inc. ST: New York IN: ARO SU:


BM -- CL013 -- 1180 09/18/92 14:00 EDT
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Publication:PR Newswire
Date:Sep 18, 1992
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