Micronetics, Inc. (NASDAQ:NOIZ) announced today that it has been awarded a follow-on production contract, valued at approximately $3.7 million, from a leading U.S. Department of Defense (DoD) prime contractor for the supply of high performance broadband microwave subsystems. Each subsystem, which consists of several Integrated Microwave Assemblies (IMA), satisfies a demanding modernization requirement for Airborne Electronic Warfare (EW) Systems, particularly those focused on Aircraft Self-Protection Suites (SPS).

The award represents an initial manufacturing release for these products. This is a significant integrated sub-system booking and is incremental to our March 31, 2011 backlog of $31 million. Hardware deliveries are targeted for completion over a 12-month time period beginning in Micronetics' FY2012 second quarter. In addition, the company expects to see potential follow-on and derivative orders that could reach $20 million over the next several years.

"This award represents a significant milestone for Micronetics - one that we expect will continue to strengthen the financial positioning of the company in a positive and meaningful way," says the company's CEO, Dave Robbins. "We've worked for many years to earn an opportunity like this one."

Micronetics manufactures microwave and radio frequency (RF) components and integrated subassemblies used in a variety of defense, aerospace and commercial applications. Micronetics also manufactures and designs test equipment and components that test the strength, durability and integrity of communication signals in communication equipment. Micronetics serves a diverse customer base, including BAE Systems, Boeing, Cobham, EADS, General Dynamics, ITT, L-3 Communications, Lockheed Martin, Northrop Grumman, Raytheon, Rockwell, Teradyne, and Thales. Additional information can be found on our website at www.micronetics.com.

Some of the statements contained in this news release are forward-looking statements. The accuracy of these statements cannot be guaranteed as they are subject to a variety of risks, including but not limited to reductions in spending by certain of our customers, yearly and quarterly fluctuations in our operating results, trends and factors affecting our markets which may reduce demand and pricing pressure on our products, our reliance on a limited number of customers, risk that federal government contracts may be terminated at any time, factors which may negatively affect our gross margins, our ability to attract and retain key technical and management personnel, our ability to operate and integrate acquired companies, our ability to manage our growth, disruptions in supply or production, increased levels of debt, our ability to protect our proprietary information, future economic conditions in our industry and generally, as well as other factors. The information in this release should be reviewed in conjunction with Micronetics' Annual Report on Form 10-K for its fiscal year ended March 31, 2011 as well as its other filings with the Securities and Exchange Commission.

Micronetics, Inc.
David Robbins, 603-883-2900 x 4131
CEO