Aeroflex Announces Agreement with TestMart

Aeroflex Test and Measurement Solutions Now Easier to Research and Buy for Military Personnel, and Government Users and Contractors

SAN BRUNO, CA AND WICHITA, KS, - March 31, 2004

Aeroflex Incorporated (Nasdaq Symbol: ARXX), a leading designer, developer and manufacturer of automated testing solutions and microelectronics for the aerospace, defense and broadband communications markets, announced today that its Aeroflex Test Solutions group has formed a partnership by signing a license agreement with TestMart, the leading marketplace operator and service provider for the test and measurement industry. Under this agreement TestMart will provide a set of government marketplace services to better serve Aeroflex's diverse federal and defense related customer base.

The agreement authorizes TestMart to offer a catalog of Aeroflex products that will be made available for sale specifically in the government and military channel. TestMart will offer this catalog under a set of General Services Administration (GSA) Multiple Award Schedules (MAS) and will provide content, transaction, marketing and reporting services to help support the sale of the products in the catalog. TestMart will provide the presentation and ordering processing of these products though the GSA's e-commerce Web site, GSA Advantage, and through the company's two online marketplaces www.testmart.com and www.navicpmart.com. TestMart is the industry leading commercial test equipment marketplace and NAVICPmart is the test equipment e-commerce marketplace operated under contract from the federal government specifically for the use of the U.S. military, federal agencies and their contractors.

Under terms of the agreement, Aeroflex's test solutions that are applicable for military and government applications will be made available to all branches of the federal government, U.S. military and authorized prime contractors. These test solutions include radio test sets, communications monitors and sophisticated signal generators.

"This is really good news for the buyers of test equipment in the military and government because it allows for the purchase of several Aeroflex brands that are highly- respected market leaders in their respective areas of the test equipment industry. We are extremely excited to have the opportunity to work with such a well-known partner in the government sector," said Peter Ostrow, President and CEO of TestMart. "The addition of the Aeroflex products means that authorized buyers can now research and select from many new test and measurement products that are all under contract and are compliant with the federal Competition in Contracting Act (CICA)".

The new Aeroflex-GSA Schedule products augment the existing products in the TestMart government services catalogs where the pricing, terms and conditions are pre-negotiated and pre-approved for purchase by federal and military personnel.

"TestMart provides Aeroflex with a set of solutions that will allow our organization to serve customers in the military and government sector in a highly effective manner, " said Frank Carretta, President of Aeroflex Test Solutions. "We are excited about this new opportunity to work with this leading sales, marketing and online strategy partner for the test and measurement community."

For more information, contact Deb Stockman, 316-529-5448, Aeroflex Test Solutions www.aeroflex.com.

About Aeroflex

Aeroflex Incorporated is a global provider of high technology solutions to the aerospace, defense and broadband communications markets. The Company's diverse technologies allow it to design, develop, manufacture and market a broad range of test, measurement and microelectronic products. The Company's common stock trades on the Nasdaq National Market System under the symbol ARXX and is included in the S&P SmallCap 600 index. Additional information concerning Aeroflex Incorporated can be found on the Company's website: www.aeroflex.com.

About TestMart

TestMart is the leading sales, marketing and online strategy partner for the test and measurement community. Manufacturers and sellers use TestMart to increase their military, government and commercial sales. Buyers rely on TestMart as an honest and efficient marketplace for purchasing test and measurement equipment. Headquartered in San Bruno, California, TestMart is a privately funded company. For more information, please visit us at www.testmart.com.

About NAVICPmart

NAVICPmart is the product of a service contract between the Naval Inventory Control Point (NAVICP), a Division of the Naval Supply Systems Command, and TestMart under contract number N00104-01-D-X407. Contract P.O.C. Ricky D. Rhoades, Code 0214.16, (717) 605-3234. NAVICPmart is the official e-commerce procurement portal for the Naval Inventory Control Point's (NAVICP) General Purpose Electronic Test Equipment (GPETE) division. NAVICP in Mechanicsburg, PA has negotiated a series of requirements contracts with test and measurement manufacturers for significant savings (Up to 70%) from the normal manufacturer's list price. For more information please visit www.navicpmart.com.

About the GSA

The US General Services Administration is a central management agency that sets Federal policy in such areas as Federal procurement, real property management, and information resources management. Founded in 1949, the agency is headquartered in Washington DC with regional offices in 11 US states. For more information on the GSA, please visit www.gsa.gov.