Exhibit 99

Radyne Corporation

Condensed Consolidated Balance Sheets

Unaudited

(in thousands, except share data)

	June 30, 2006		December 31, 2005
Assets
Current assets:
Cash and cash equivalents	$	24,886	$	16,928
Accounts receivable - trade, net of allowance for doubtful accounts of $467 and $804, respectively		22,321		20,337
Cost in excess of billings		218		—
Inventories		21,655		18,057
Deferred tax assets		3,017		3,010
Income tax receivable		1,021		—
Prepaid expenses and other assets		702		864
Total current assets		73,820		59,196
Goodwill		29,950		30,333
Intangibles		6,137		6,706
Property and equipment, net		3,734		4,098
Other assets		254		295
Total Assets	$	113,895	$	100,628
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable	$	5,194	$	5,054
Accrued expenses		9,045		9,045
Customer advance payments		1,615		2,319
Current portion of long-term debt		1,000		1,000
Income taxes payable		—		609
Total current liabilities		16,854		18,027
Long-term debt, less current portion		3,250		3,750
Deferred tax liability		382		752
Deferred rent and other		232		459
Total liabilities		20,718		22,988
Stockholders’ equity:
Common stock; $.001 par value - authorized, 50,000,000 shares; issued and outstanding, 18,217,024 shares and 17,334,467 shares, respectively		18		17
Additional paid-in capital		73,155		63,171
Retained earnings		19,999		14,450
Other comprehensive income		5		2
Total stockholders’ equity		93,177		77,640
Total Liabilities and Stockholders’ Equity	$	113,895	$	100,628

Radyne Corporation

Condensed Consolidated Statements of Operations

Unaudited

(in thousands, except per share data)

	Three Months Ended June 30,						Six Months Ended June 30,
	2006			2005			2006			2005
Net sales	$	34,633		$	20,613		$	65,826		$	34,321
Cost of sales		20,203			10,973			38,506			17,556
Gross profit		14,430			9,640			27,320			16,765
Operating expenses:
Selling, general and administrative		7,044			4,715			13,573			8,392
Research and development		2,617			1,832			5,340			3,330
Total operating expenses		9,661			6,547			18,913			11,722
Earnings from operations		4,769			3,093			8,407			5,043
Other (income) expense:
Interest expense		68			54			146			80
Interest and other income		(235	)		(238	)		(452	)		(488	)
Earnings before income taxes		4,936			3,277			8,713			5,451
Income tax expense		1,781			1,202			3,162			1,935
Net earnings	$	3,155		$	2,075		$	5,551		$	3,516
Earnings per share:
Basic	$	0.18		$	0.12		$	0.31		$	0.21
Diluted	$	0.17		$	0.12		$	0.30		$	0.20
Weighted average number of common shares outstanding:
Basic		18,012			16,727			17,786			16,601
Diluted		18,800			17,410			18,674			17,337

Radyne Corporation

Condensed Consolidated Statements of Cash Flows

Unaudited

(in thousands)

	Six Months Ended June 30,
	2006			2005
Cash flows from operating activities:
Net earnings	$	5,551		$	3,516
Adjustments to reconcile net earnings to net cash provided by operating activities:
Gain on disposal of property and equipment		(203	)		(21	)
Decrease in allowance for doubtful accounts		152			6
Deferred income taxes		335			1,611
Depreciation and amortization		1,758			623
Tax benefit from stock plan dispositions		1,199			116
Amortization of stock compensation		1,128			—
Increase (decrease) in cash, excluding effects of acquisition, resulting from changes in:
Accounts receivable		(2,136	)		(1,936	)
Cost in excess of billings		(218	)		—
Inventories		(3,598	)		(339	)
Income tax receivable		(1,021	)		—
Prepaids and other assets		194			18
Accounts payable		(83	)		(877	)
Accrued expenses		(188	)		(828	)
Income taxes payable		(609	)		(22	)
Customer advance payments		(704	)		277
Accrued stock option compensation		(40	)		(5	)
Net cash provided by operating activities		1,517			2,139
Cash flows from investing activities:
Acquisition of Xicom, net of cash acquired		(104	)		(43,346	)
Capital expenditures		(913	)		(652	)
Proceeds from sales of property and equipment		298			26
Net cash used in investing activities		(719	)		(43,972	)
Cash flows from financing activities:
Net borrowing from notes payable		—			5,000
Payment of notes payable		(500	)		—
Exercise of stock options		5,875			445
Exercise of redeemable warrants		—			2,718
Net proceeds from sales of common stock to employees		610			274
Tax benefit from stock plan dispositions		1,172			—
Principal payments on capital lease obligations		—			(4	)
Net cash provided by financing activities		7,157			8,433
Effects of exchange rate changes on cash and cash equivalents		3			(1	)
Net increase in cash and cash equivalents		7,958			(33,401	)
Cash and cash equivalents, beginning of year		16,928			39,300
Cash and cash equivalents, end of quarter	$	24,866		$	5,899
Supplemental disclosures of cash flow information:
Cash paid for interest	$	151		$	80
Cash paid for taxes	$	2,085		$	231
Supplemental disclosure of non-cash investing activity:
Adjustments for Xicom Acquisition Accounting	$	488		$	—
Issuance of 219,709 shares of common stock for Xicom acquisition		—		$	2,018