|Traded as||NYSE: ARX|
|Industry||Wireless test and measurement
|Fate||Acquired by Cobham plc|
|Headquarters||35 South Service Road, Plainview, New York, United States|
Number of locations
|Leonard Borow (CEO)
Harvey R. Blau (Chairman and CEO, 2002–2007)
|Revenue||$655 million (FY 2010)|
|Profit||$-12.2 million (FY 2010)|
|Total assets||$1.36 billion (FY 2010)|
|Total equity||$150 million (FY 2010)|
Number of employees
Aeroflex Inc. was an American company which produced test equipment, RF and microwave integrated circuits, components and systems used for wireless communications. Its headquarters were located in Plainview, New York. In May 2014, Aeroflex was acquired by the UK aerospace company Cobham for $1.46 billion.
Aeroflex consisted of Aeroflex Microelectronic Solutions (AMS), a fabless manufacturer of rad-hard and high reliability semiconductor devices, and Aeroflex Test Solutions (ATS), which produced electronic test equipment.
In 2010, Aeroflex announced an initial public offering of 17.25 million shares.
In FY 2010, AMS and ATS contributed almost equally to net sales. The majority of sales, particularly for AMS, are in the space, avionics, and defense markets.
In 2013, the US State Department settled with Aeroflex Incorporated over alleged violations of the Arms Export Control Act ("AECA")(22 U.S.C. § 2778) and the International Traffic in Arms Regulations ("ITAR")(22 C.F.R. parts 120-130). The settlement was reached relative to ITAR Section 128.11 wherein Aeroflex entered into a consent agreement with the State Department. Based on this settlement, Aeroflex paid a civil penalty of $4 million, and the State Department waived an additional $4 million penalty on the “condition the Department approves expenditures for self-initiated, pre-Consent Agreement remedial compliance measures and Consent Agreement-authorized remedial compliance costs.” Aeroflex voluntarity disclosed most of the ITAR violations resolved in this settlement, “acknowledged their serious nature, cooperated with Department reviews, and since 2008 has implemented or has planned extensive remedial measures, including the restructuring of its compliance organization, the institution of a new testing protocol of its commodities, and a revised company-wide ITAR compliance program,” according to the State Department. According to a Reuters special report, while the State Department’s investigation was underway, Aeroflex exported more than 7,000 high-tech rad-chips to China, between 2003 and 2008, after US officials had directed the company to stop the exports.
- AMS Group
- Hi-rel MSI integrated circuits
- RF and microwave discretes
- Mixed signal and digital ASICs
- Motion control
- ATS Group
- Wireless communications test (the TM500 LTE test system was Aeroflex's top-selling product in FY 2010)
- Avionics test
- Signal generators
- Spectrum/signal analyzers
- ATE Group
- Incircuit test systems
- Functional Test platform
- "News Release: Cobham Offer for Aeroflex Holding Corp. ("Aeroflex") Successfully Completed". Cobham plc. Retrieved 20 August 2015.
- Aeroflex - Contacts
- 2010 Aeroflex Form 10-K for Period Ending June 30, 2010.
- "Board Members". Griffon Corp. Retrieved 13 October 2015.
- Wallace, Richard. The Metropolitan New York Jobbank (19th ed.). Adams Media. p. 63.
- Aeroflex Inc Completes Merger With IFR Systems Inc; June 19, 2002.
- GEC Sells Marconi Instruments; February 6, 1998.
- Veritas Capital Partners LP acquires Aeroflex Inc through a leveraged buyout; August 15, 2007.
- "Aeroflex Expands Baseband Test Capabilities With Strategic Acquisition of VI Technology in 2009"  Retrieved on 2012-11-20.
- Aeroflex Incd Completes Previously Announced Acquisition of Willtek Communications; May 11, 2010.
- Willtek History Archived May 1, 2010, at the Wayback Machine.
- Aeroflex Inc Acquires Radiation Assured Devices Inc; June 30, 2010.
- Aeroflex Press Release; November 5, 2010.
- "Cobham Acquires Wireless Communications Company for $1.46 Billion". New York Times. 20 May 2014. Retrieved 20 May 2014.
- US State Department Press Release, “State Department Concludes Settlement of Export Violations by Aeroflex Incorporated,” Aug 9, 2013, http://www.state.gov/r/pa/prs/ps/2013/08/213002.htm
- Reuters, “How China's weapon snatchers are penetrating U.S. defenses,” Dec. 17, 2013, http://www.reuters.com/investigates/china-military/#article/part3
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