Radyne’s Bob Fitting Retires; Wagner Named President and CEO

PHOENIX, Aug. 30, 2006/Satnews Daily/ ― Radyne Corporation’s (NASDAQ:RADN) board of directors has elected Carl Myron Wagner as the new President and CEO, replacing Bob Fitting who will retire as CEO on August 31, 2006. Fitting will remain on the board.

Robert C. Fitting's professional career began at Bell Laboratories in 1962 where he spent six years developing innovative communication technologies. Fitting then joined the Motorola Government Electronics Division where he was an engineering manager and he published more than a dozen technical papers and was awarded a number of patents.

Bob's first business start-up eventually became known as Fairchild Data Corporation. In 1978, he left that business to start EF Data Corporation. As co-founder, CEO and president of EF Data Corporation, Bob built the company into a worldwide market leader in satellite communications equipment. While at EF Data, he won the "Arizona Entrepreneur of the Year" award.

He retired from EF Data in 1994, and in 1995 took over the management of the bankrupt Radyne Corporation. During his 11 years at the helm, Bob led the acquisitions of Comstream, Tiernan Communications, Armer Communications and Xicom Technology and built Radyne revenues from $1.5 million to the expected $135 million this year.

Wagner most recently was employed with General Dynamics where he served as vice president and director of Engineering for the Space and National Systems Division. Wagner also held a number of diverse business and engineering management positions within Motorola Inc., where he was responsible for the development and management of products including military and civilian spacecraft systems and payloads, satellite ground equipment, military air and ground communications products, and military and civil situational awareness and communications products and systems. Wagner also managed and developed cellular infrastructure interoperability products and software, and was president of a fixed wireless product company.

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