Endwave Acquires Synthesizer Product and Related Assets From Verticom, Inc.

Acquisition Broadens Endwave's Product Line to Address Needs Of New Military and Defense Customer

SUNNYVALE, CA -- May 13, 2003 -- Endwave Corporation, a leading provider of radio frequency (RF) subsystems for carrier-class, broadband wireless access and backhaul networks, today announced the acquisition of certain assets of Verticom, Inc., a privately held developer of radio subsystems used in wireless communications equipment for defense and commercial markets.

The acquisition was structured as an asset purchase, and included the product design for the MTS-2000 synthesizer, and the equipment and product-related intellectual property licenses required to manufacture production units. Also included in the transaction was an outstanding purchase agreement from Zeta, an Integrated Defense Technologies (IDT) Company, and a new Endwave customer. The company expects to begin shipping product to Zeta in the mid-2003 timeframe.

"This acquisition expands Endwave's synthesizer product line with the addition of an exceptionally high-performance unit to serve very high data rate applications such as satellite video links, or VSAT, used in defense imaging systems," said Ed Keible, CEO and President of Endwave Corporation. "This acquisition builds on our industry consolidation strategy, expands our adjacent market penetration, is expected to be financially accretive, and is complementary to our transceiver and synthesizer businesses."

Regarding Zeta, Mr. Keible commented, "we are pleased to welcome Zeta, a provider of state-of-the-art systems and components for defense and intelligence applications, as a new Endwave customer. We look forward to supplying them with the MTS-2000 synthesizer product and supporting their requirements in other areas in the future."

"We are pleased to have Endwave acquire the MTS-2000 synthesizer product, which is a critical component in our VSAT product solution," said Ms. Gina Steffen, Vice President of Manufacturing Services of Zeta-IDT. "Given their leading market position, technical excellence and strength in microwave subsystem manufacturing, we believe that Endwave is well suited to fulfill our future requirements."

About Endwave
Endwave Corporation is a provider of radio frequency (RF) subsystems that enable the transmission and reception of data signals in broadband wireless systems. The company develops and manufactures products used in high-speed cellular backhaul, enterprise access, defense and other broadband applications. These products include RF modules, synthesizers, integrated transceivers, cellular switch combiners and outdoor units. Endwave has more than 35 issued patents covering its core technologies including semiconductor and proprietary circuit designs. Endwave Corporation is headquartered in Sunnyvale, CA, with operations in Diamond Springs, CA, Andover MA, and Southeast Asia.

About Zeta-IDT
Zeta is an Integrated Defense Technologies company. Integrated Defense Technologies Inc. is a developer and provider of advanced electronics and technology products to the defense and intelligence industries. IDT products are installed on or used in support of a wide array of military platforms, to enhance their operational performance or extend their useful life. IDT products are incorporated into approximately 250 programs, which, in turn, are installed on or support over 275 platforms. IDT employs more than 2,000 people throughout the United States and Canada.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:
This press release may contain forward-looking statements within the meaning of the Federal securities laws and is subject to the safe harbor created thereby. These statements include, but are not limited to, statements regarding forecasted future financial results. Actual results could differ materially from the forward-looking statements due to many factors, including the following: the risks that products will fail to achieve market acceptance, the timing or existence of customer orders, market volatility and weakness, customer concentration, delays in the design process, production delays or cancellations due to product defects or defects in materials supplied by vendors, the length of our sales cycle, our ability to develop, introduce and market new products and product enhancements, changes in product mix or distribution channels; the demand for wireless networking products and end-user products that incorporate wireless technology; competitive technologies; and, technological difficulties and resource constraints encountered in developing, transitioning and/or introducing new products. Forward-looking statements contained in this press release should be considered in light of these factors and those factors discussed from time to time in Endwave's public reports filed with the Securities and Exchange Commission, such as those discussed under "Risk Factors" in Endwave's report on Form 10-K and subsequently filed reports on Form 10-Q.