Endwave Updates Revenue Outlook for Q3 2009

Endwave Corporation (Nasdaq:ENWV), a leading provider of high-frequency RF solutions for mobile communications networks, today provided an updated revenue estimate for its third quarter of 2009. Management currently anticipates that revenues for the third quarter of 2009 will be between $2.5 million to $3.0 million in contrast with the $4.0 million projected during their second quarter conference call on July 28, 2009.

"As discussed on our second quarter conference call, we expected a decline in total revenues during the third quarter. However, the contraction in our revenues has been larger than we originally predicted due primarily to weakness in demand from our largest customer and, secondarily, to problems in the supply of certain components," stated John Mikulsky, President and Chief Operating Officer of Endwave.

Endwave will report and discuss the financial results for the third quarter of fiscal 2009 ending September 30, 2009 on Tuesday, October 27, 2009 at 1:30 p.m. Pacific Time (PT) and will release the company's financial results at approximately 1 p.m. PT on the same day. Details on the upcoming conference call will be made available at a later date.

About Endwave

Endwave Corporation designs, manufactures and markets RF solutions that enable the transmission, reception and processing of high-frequency signals in mobile communications networks. Endwave has 41 issued patents covering its core technologies including semiconductor and proprietary circuit designs. Endwave Corporation is headquartered in San Jose, CA, with operations in Salem, NH and Chiang Mai, Thailand. Additional information about the company can be accessed from the company's web site at http://www.endwave.com.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:

This press release and the conference call referred to in 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. Any statements contained in this press release or on the conference call that are not statements of historical fact may be deemed to be forward-looking statements. Words such as "anticipates,” plans," "intends," "expects," "believes" and similar expressions are intended to identify these forward-looking statements. Information contained in forward-looking statements is based on current expectations and is subject to change. Actual results could differ materially from the forward-looking statements due to many factors, including the following: global economic conditions and their impact on our customers; volatility resulting from consolidation of key customers; our ability to achieve revenue growth and maintain profitability; our customer and market concentration; our suppliers' abilities to deliver raw materials to our specifications and on time; our successful implementation of next-generation programs, including inventory transitions; our ability to penetrate new markets; fluctuations in our operating results from quarter to quarter; our reliance on third-party manufacturers and semiconductor foundries; acquiring businesses and integrating them with our own; component, design or manufacturing defects in our products; our dependence on key personnel; and fluctuations in the price of our common stock. Forward-looking statements contained in this press release and on our conference call 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 most recent Annual Report on Form 10-K and subsequently-filed reports on Form 10-Q. Endwave does not undertake any obligation to update such forward-looking statements.

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