Exhibit 10.3

AMENDMENT NO. 4 TO EMPLOYMENT AGREEMENT

        AMENDMENT NO. 4 TO EMPLOYMENT AGREEMENT made as of the 13th day of May,
2004 by and between AEROFLEX INCORPORATED, a Delaware corporation (hereinafter
the "Company") and LEONARD BOROW (hereinafter the "Executive").

W I T N E S S E T H:

        WHEREAS, the Company and Executive entered into an Employment Agreement
dated March 1, 1999, as amended subsequently by Amendment Agreements dated
September 1, 1999, August 13, 2001 and November 8, 2001(hereinafter the
"Employment Agreement"); and

        WHEREAS, the Company and Executive desire to further modify the said
Employment Agreement.

        NOW, THEREFORE, the parties hereto agree as follows:

1.Paragraph 2(b) shall be amended and restated as follows, effective as of the
date hereof:

"(b)    Employment Term.    The Employment Term shall commence on the Effective
Date and shall terminate on December 31, 2009."

2.Except as specifically provided in this Amendment, the Employment Agreement is
in all other respects hereby ratified and confirmed without amendment.

        IN WITNESS WHEREOF, the undersigned have executed this Amendment as of
the day and year first above written.

 
 
AEROFLEX INCORPORATED
 
 
By:
/s/  MICHAEL GORIN      

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Michael Gorin, Vice Chairman
 
 
 
/s/  LEONARD BOROW      

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Leonard Borow

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