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Message #1
From: Stock News Bot
Date: November 28, 2005 07:23:00 AM

AIM News Aerosonic Announces Filing of Form 10-Q and Results for the Third Quarter of Fiscal Year 2006

CLEARWATER, Fla.--(BUSINESS WIRE)--Nov. 28, 2005--Aerosonic Corporation (AMEX:AIM), a leading supplier of precision flight products for commercial, business and military aircraft, announced that today it filed its quarterly report on Form 10-Q for the quarter ended October 28, 2005, with the U.S. Securities and Exchange Commission.

For its fiscal quarter ended October 28, 2005, the Company reported revenue of approximately $8,957,000, up $818,000, or 10%, when compared to revenues of approximately $8,139,000 for the fiscal quarter ended October 29, 2004. Continuing improvements in production throughput across product lines as well as improvements in progress on the F-35 (Joint Strike Fighter) development contract all contributed to the increase in volume.

Net earnings for the quarter ended October 28, 2005 were approximately $490,000, or $0.12 per share, an increase of $278,000 from approximately $212,000, or $0.05 per share, for the quarter ended October 29, 2004. For the current fiscal quarter, operating income was approximately $626,000, an increase of $353,000, or 129%, from approximately $273,000 for the quarter ended October 29, 2004. The Company also recognized a tax benefit of approximately $127,000 related to tax credits that are available for its international business activity.

For the nine months ended October 28, 2005, the Company reported revenue of approximately $27,009,000, up $3,837,000, or 17%, when compared to revenues of approximately $23,172,000 for the nine months ended October 29, 2004. Substantial increases in revenues for core instruments and electronics offset a revenue decrease of approximately $703,000 due to a reduction in the development cycle, as it nears completion, of the F-35 development contract versus the prior year.

Net earnings for the nine months ended October 28, 2005 were approximately $1,421,000, or $0.36 per share, an increase of $97,000 from approximately $1,324,000, or $0.34 per share, for the nine months ended October 29, 2004. For the nine months ended October 29, 2005, operating income was approximately $2,174,000, an increase of $1,228,000, or 130%, from approximately $946,000 for the quarter ended October 29, 2004, driven by substantial improvements in volume and operating efficiency.

"We are pleased to report another quarter of solid operating performance to our shareholders," stated David Baldini, Aerosonic's Chairman, President and Chief Executive Officer. "Our business continues to exhibit strength, and we have now reached a level of consistent performance that provides a platform for more dynamic growth. We look forward to further development of our core businesses as well as the introduction of innovative new products and the evaluation of potential alliances that will further our strategic plan initiatives and enhance our future business prospects."

Aerosonic Corporation, headquartered in Clearwater, Florida, is principally engaged in the manufacture of aviation products. Locations and divisions of the Company include the Clearwater, Florida Instrument Division (Clearwater Instruments), the Aerosonic Wichita, Kansas Division (Kansas Instruments), and Avionics Specialties, Inc., a Virginia corporation wholly owned by the Company. For additional information, visit the corporate web site at http://www.aerosonic.com.

This document contains statements that constitute "forward-looking" statements within the meaning of the Securities Act of 1933 and the Securities Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. "Forward-looking" statements contained in this document include the intent, belief or current expectations of the Company and its senior management team with respect to future actions by officers and directors of the Company, prospects of the Company's operations, profits from future operations, overall future business prospects and long term stockholder value, as well as the assumptions upon which such statements are based.

Investors are cautioned that any such forward-looking statements are not guarantees of future performance, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those contemplated by the forward-looking statements in this document include, but are not limited to, adverse developments with respect to the resolution of current stockholder litigation, adverse developments involving operations of the Company's business units, failure to meet operating objectives or to execute the business plan, and the failure to reach revenue or profit projections. The Company undertakes no obligation to update or revise the forward-looking statements contained in this document to reflect changed assumptions, the occurrence of unanticipated events, or changes to future operating results over time.

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