The term aerospace is derived from the words aeronautics and spaceflight.

prototypes sailplanes

, Filtran Group and TM Systems, is engaged in the manufacture
of electronic components and systems for the defense and communications
industries .

bae missiles

To learn more about L-3 Communications, please visit the company's
web site at www. API is scheduled to begin shipments immediately and to
continue for several years.com and
http://www . These risks and uncertainties, which are more fully described in
API's Annual and Quarterly Reports filed with the Securities and Exchange
Commission, include changes in market conditions in the industries in which
the Company operates.

lockheed lighter

Department of Defense (DoD) for $9,033,884, representing the largest contract
in API's history., through its wholly owned subsidiaries API
Electronics Inc. For further information about Filtran Group and API
Electronics, please visit the company websites at http://www.filtran.

thales sailplanes

Headquartered in New York City, L-3 Communications is a leading
provider of Intelligence, Surveillance and Reconnaissance (ISR)
systems, secure communications systems, aircraft modernization,
training and government services and is a merchant supplier of a broad
array of high technology products.

, periodic restoration of aircraft to original design specifications).

aeronautic overhaul

API Electronics Group receives $9 million order from U.S. Department of Defense

defence sailplanes

With a growing list of blue chip
customers, including Honeywell/Allied Signal, General Dynamics, Lockheed
Martin and numerous other top technology-based firms around the world, API
regularly ships off-the-shelf and custom designed products to clients in more
than 34 countries.

spaceflight lighter

"With the company's newly
received DoD QPL certification , we now have the capability and expertise to
pursue and procure much larger contracts, such as the one announced today.

This press release may contain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. All
forward-looking statements are subject to certain risks, uncertainties and
assumptions.

Aircraft conversion (i.

missiles aeronautical

Business Editors/Defense Writers

NEW YORK----L-3 Communications
(NYSE:LLL) announced today that it completed the acquisition of the
Propulsion Systems business unit of General Dynamics (NYSE:GD ) on
February 25, 2005.

lighter spaceflight

"

ABOUT API ELECTRONICS:
API Electronics Group Corp.
government departments, including the United States Navy, as well as numerous
domestic and foreign commercial corporations. API Electronics trades on the OTC Bulletin Board under
the symbol AEGCF.

submarines bae

S. Its customers include the
Department of Defense, Department of Homeland Security, selected U. The forward-looking statements speak only as of the date
made, and the company undertakes no obligation to update these
forward-looking statements.

Complete aircraft or propulsion systems overhaul and rebuilding (i.

, consulting, marketing, associations, etc.

thales overhaul

"This contract is evidence of API's potent combination of technical
capabilities and financial and production strength," said Judith Dubitsky,
Government Contracts Manager for API Electronics.S.

e.

aeronautic prototypes

L-3 Communications Completes Acquisition of General Dynamics Propulsion Systems

API has just concluded a record year, for
the fiscal period ended May 31, 2005, and with our current backlog continuing
at record levels we are confident that API can improve upon these results for
2006.

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L-3Com.

).

In general, the aerospace industry is engaged in the research, development, and manufacture of flight vehicles, ranging from unpowered gliders, sailplanes and lighter-than-air craft up though space vehicles.

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The Aerospace and Defense category comprises industries and establishments primarily engaged in one or more of the following:

Development, manufacture, and distribution of civil and military aircraft, missiles, space vehicles, military equipment, and the auxiliary equipment, parts and supplies.

lighter unpowered

avionics submarines

The acquired business has had a 40-year tradition as a major
player in the military land systems market and has had an historical
and continued presence on strong programs in core areas, including the
Bradley, Abrams and the Expeditionary Fighting Vehicle (EFV).com.

Development, manufacture, and distribution of aerospace engines, propulsion units, and auxiliary equipment or parts.

bae aeronautic

The new company, renamed L -3 Communications -
Combat Propulsion Systems, is expected to generate approximately $125
million in sales for L-3 during the remainder of 2005 and be accretive
to L-3's results of operations. It has a
large installed customer base of approximately 30,000 vehicles
worldwide. Filtran and API Electronics are ISO 9001
registered companies. Should one or more of these risks or uncertainties
materialize, or should the assumptions prove incorrect, actual results may
vary in material aspects from those currently anticipated.

e.

g.

unpowered defence

The company's advanced gun and turret drive systems
components are used on such programs as the Stryker Mobile Gun System
(MGS), the Opposing Force Surrogate Vehicle and the Avenger Air
Defense System.
Government intelligence agencies and aerospace prime contractors .
Under the terms of the contract, API will supply spare components for the
AN/ALQ-144A(V) Countermeasures Set, which protects military aircraft from
air-to-air and ground-to-air heat-seeking (infrared) missiles."
Phillip DeZwirek, Chairman and CEO of API Electronics Group, stated,
"This order represents a historic opportunity for API and further validates
our belief that the company 's extensive product line will continue to drive
substantial growth going forward. API and its subsidiaries have been providing top of the line parts
to numerous global producers of military hardware, telecommunications
equipment, computer peripherals, process control equipment and instrumentation
for a combined total of over 50 years.

, major modifications to systems).

lockheed boeing

The business is
also a production center for Abrams tank components and supports both
domestic and international vehicle customers, including programs for
Singapore and South Korea. API's TM Systems subsidiary has been in
business for over 30 years and provides critical systems to various U.

aerospace periodic

The
forward-looking statements set forth above involve a number of risks
and uncertainties that could cause actual results to differ materially
from any such statement, including the risks and uncertainties
discussed in the company's Safe Harbor Compliance Statement for
Forward-looking Statements included in the company's recent filings ,
including Forms 10-K and 10-Q, with the Securities and Exchange
Commission. API owns state-of -the-art manufacturing and technology
centers in New York State, Connecticut and Ontario, Canada totaling
51,000 square feet.

Development and production of aerospace and military product prototypes .

aerospace overhaul

Additionally, the business is developing upgrades as
part of the spiral performance improvements for U.apielectronics.

bae aeronautical

Headquartered in Muskegon, MI, the acquired business is a
recognized market leader in the engineering, design and manufacture of
engines, transmissions, suspension and turret drive systems for combat
vehicles, including both tracked and wheeled vehicles. Army
transformation .S.

unpowered aeronautic

com

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION
REFORM ACT OF 1995

Except for historical information contained herein, the matters
set forth in this news release are forward-looking statements.S. The company also has manufacturing capabilities in China
and a distribution center in Britain.

Services that specifically support these industries (e.

propulsion spaceflight

Largest order in API's history

NEW YORK, June 14 - API Electronics Group Corp.
(OTCBB: AEGCF) today announced that it has received an order from the U.