CRDN Ceradyne, Inc. (MM)

Ceradyne, Inc. (Nasdaq: CRDN) announced today that Aviation Week & Space Technology ranked it first in financial performance among thirty U.S. publicly traded aerospace/defense companies with annual revenue of $250 million to $1 billion. Ceradyne�s number one ranking is derived from four categories: return on invested capital, earnings momentum, asset management, and financial health. The ranking was published in the July 7, 2008 edition. Joel P. Moskowitz, Ceradyne president and chief executive officer, commented: �We appreciate that Ceradyne has been recognized by Aviation Week for its financial performance during a year when the Company has been highly active in integrating acquisitions, expanding into attractive new markets, and investing in the development of prototype next-generation armor systems for the U.S. military.� Eddie Belfield, Ceradyne�s European Marketing Manager, will accept an award on behalf of the Company in recognition of its placement in the 2008 TPC (Top-Performing Companies) Study during a ceremony at the Farnborough International Airshow in Hampshire, England, on July 15, 2008. Ceradyne develops, manufactures, and markets advanced technical ceramic products and components for defense, industrial, automotive/diesel, and commercial applications. Additional information about the Company can be found at www.ceradyne.com. Except for the historical information contained herein, this press release contains forward-looking statements regarding future events and the future performance of Ceradyne that involve risks and uncertainties that could cause actual results to differ materially from those projected. Words such as "anticipates," "believes," "plans," "expects," "intends," "future," and similar expressions are intended to identify forward-looking statements. These risks and uncertainties are described in the Company's Annual Report on Form 10-K for the fiscal year ended dated December 31, 2007 and its Quarterly Reports on Form 10-Q as filed with the U.S. Securities and Exchange Commission.