Official Publication of the Association of Public Safety Communication Officials (APCO) of Canada

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For more information, contact:

Debra Seifert                                                                         James E. De Broeck

Debra Seifert Communications LLC                          Aeroflex Incorporated

(503) 626-7539                                                                   (316) 522-4981

debra@debraseifert.com                                                jim.debroeck@aeroflex.com

FOR PRINT AND ONLINE RELEASE: June 30, 2011

Aeroflex PXI 3000 Series Helps SAE Magnetics Increase Productivity

Test times of Bluetooth® and Wi-Fi devices for mobile phones dramatically improved

STEVENAGE, UK, and HONG KONG—June 30, 2011— Aeroflex Limited, a wholly owned subsidiary of Aeroflex Holding Corp. (NYSE:ARX), has announced that SAE Magnetics (H.K.) Ltd. has commissioned a production line based on the PXI 3000 Series multi-technology test platform. This has enabled the Hong Kong-based company to achieve a dramatic improvement in test throughput—and hence in overall productivity—for the RF devices it manufactures.

SAE Magnetics is part of TDK Corporation, and is a leading supplier of both Bluetooth® and Wi-Fi system-in-package (SiP) devices to international Tier 1 mobile phone manufacturers.

“We chose the Aeroflex PXI 3000 Series because it provides all the measurement capability we need in a single multi-technology box, and it is both faster and more highly integrated than other test solutions we evaluated,” commented Michael Yang, director of engineering for SAE Magnetics. “Not only are we seeing immediate results in terms of greater throughput and higher customer yields, but the modular nature of the PXI system also means that it can be readily upgraded to meet our future production test needs.”

“SAE Magnetics needed a test system that could characterize both Bluetooth and Wi-Fi radios on the same platform,” added C H Leung, business development manager for PXI with Aeroflex Test Solutions in the Asia Pacific region. “The high level of applications support that we have been able to offer SAE, and our ability to respond in a rapid and flexible manner to their needs, has also been a key factor in their decision to install Aeroflex equipment.”

The speed improvements that SAE has achieved result from the modular control of Aeroflex’s hardware and software, and from the collaboration among SAE, a commissioned company, and Aeroflex to optimize the test process. A further advantage of having multiple cellular and non-cellular technologies integrated into the same test instrument is that the box has a much smaller footprint than discrete test solutions. The equipment is always fully utilized rather than having instruments standing idle while other technologies are being measured. It also requires less time for calibration and verification than when separate instruments are used.

About Aeroflex

Aeroflex Incorporated is a leading global provider of microelectronic components and test and measurement equipment used by companies in the space, avionics, defense, commercial wireless communications, medical and other markets.

Forward Looking Statements

All statements other than statements of historical fact included in this press release regarding Aeroflex’s business strategy and plans and objectives of its management for future operations are forward-looking statements. When used in this press release, words such as “anticipate,” “believe,” “estimate,” “expect,” “intend” and similar expressions, as they relate to Aeroflex or its management, identify forward-looking statements. Such forward-looking statements are based on the current beliefs of Aeroflex’s management, as well as assumptions made by and information currently available to its management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors, including but not limited to, adverse developments in the global economy; the inability to make payments on our significant indebtedness, dependence on growth in customers’ businesses; the inability to remain competitive in the markets Aeroflex serves; the inability to continue to develop, manufacture and market innovative, customized products and services that meet customer requirements for performance and reliability; any failure of suppliers to provide raw materials and/or properly functioning component parts; the termination of key contracts, including technology license agreements, or loss of key customers; the inability to protect intellectual property; the failure to comply with regulations such as International Traffic in Arms Regulations and any changes in regulations; the failure to realize anticipated benefits from completed acquisitions, divestitures or restructurings, or the possibility that such acquisitions, divestitures or restructurings could adversely affect Aeroflex; the loss of key employees; exposure to foreign currency exchange rate risks; and terrorist acts or acts of war. Such statements reflect the current views of management with respect to the future and are subject to these and other risks, uncertainties and assumptions. Aeroflex does not undertake any obligation to update such forward-looking statements.