Exhibit 99

FOR IMMEDIATE RELEASE

CONTACTS:	RON KLAWITTER	MICHAEL NEWMAN
	Chief Financial Officer	Investor Relations
	Key Tronic Corporation	StreetConnect
	(509) 927-5295	(206) 729-3625

KEY TRONIC CORPORATION

ANNOUNCES THIRD QUARTER RESULTS

Sequential Improvement in Operating Efficiency and Profitability;

Expects Growing Revenue and Earnings in the Fourth Quarter

Spokane, WA—April 29, 2003—Key Tronic Corporation (Nasdaq: KTCC), a provider of electronic manufacturing services (EMS), today announced its results for the quarter ended March 29, 2003.

For the third quarter of fiscal 2003, Key Tronic reported total revenue of $30.6 million, compared to $30.6 million in the previous quarter and $46.5 million for the third quarter of fiscal 2002. In recent periods, Key Tronic’s sales growth was adversely impacted by uncertainty created by the litigation that was settled during the second quarter of fiscal 2003. For the fourth quarter of fiscal 2003, the Company expects to report growing revenue and earnings.

The Company has continued to streamline its operations and improve profitability. Key Tronic’s gross margin was 12% for the third quarter of fiscal 2003, up from 11% in the previous quarter and from 9% in the third quarter of fiscal 2002. Net income for the second quarter of fiscal 2003 was $306,000 or $0.03 per share, compared to $74,000 or $0.01 per share in the previous period and $399,000 or $.04 per share in the third quarter of fiscal 2002.

“Our sales efforts are beginning to payoff as we fill the pipeline with new business and prepare for growth in coming periods,” said Jack Oehlke, President and Chief Executive Officer. “During the third quarter, we established several new customer relationships involving household products and consumer electronics and plastics. Moving into the fourth quarter, we have begun increasing production levels for a number of our new and existing customers.”

“With the challenging economic environment, we have continued to focus on controlling our costs and remaining profitable while maintaining our competitive advantages. Our ability to offer an exceptional range of capabilities, competitive pricing, global logistics and responsive customer service continues to help us win new business.”

Key Tronic will host a conference call to discuss its financial results at 2:00 PM Pacific (5:00 PM Eastern) on April 29, 2003. A broadcast of the conference call will be available at www.keytronic.com under “News/Financial Reports” or by calling 800-219-6110 or +1 303-205-0033 (Reservation No. 535140). A 48-hour replay will be available by calling 800-405-2236 or +1 303-590-3000 (Reservation No. 535140). A replay will also be available on the Company’s Web site.

About Key Tronic

Key Tronic is a leading contract manufacturer offering value-added design and manufacturing services from its facilities in the United States, Mexico, Ireland and China. The Company provides its customers full engineering services, materials management, worldwide manufacturing facilities, assembly services, in-house testing, and worldwide distribution. Its customers include some of the world’s leading original equipment manufacturers. For more information about Key Tronic visit: www.keytronic.com.

Some of the statements in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all passages containing verbs such as ‘aims, anticipates, believes, estimates, expects, hopes, intends, plans, predicts, projects or targets’ or nouns corresponding to such verbs. Forward-looking statements also include other passages that are primarily relevant to expected future events or that can only be fully evaluated by events that will occur in the future. Forward-looking statements in this release include, without limitation, the Company’s statements regarding its expectations with respect to new business in the future and execution of its growth strategy. There are many factors, risks and uncertainties that could cause actual results to differ materially from those predicted or projected in forward-looking statements, including but not limited to the accuracy of customers’ forecasts; success of customers’ programs; timing of new programs; success of new-product introductions; technology advances; changes in pricing policies by the Company, its competitors or customers; and the other risks and uncertainties detailed from time to time in the Company’s SEC filings.

KEY TRONIC CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except per share amounts)

(Unaudited)

	Third Quarters Ended
	March 29 2003		March 30 2002
Net sales	$	30,645	$	46,515
Cost of sales		26,867		42,215
Gross profit on sales		3,778		4,300
Operating expenses:
Research, development and engineering		725		606
Selling		646		690
General and administrative		1,799		2,237
Total operating expenses		3,170		3,533
Operating income		608		767
Interest expense		262		400
Other (income) loss		26		(114	)
Income before income taxes		320		481
Income tax provision		14		82
Net income	$	306	$	399
Earnings per share:
Earnings (loss) per common share—basic and diluted	$	0.03	$	0.04
Weighted average shares O/S—basic		9,673		9,673
Weighted average shares O/S—diluted		9,675		9,673

KEY TRONIC CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except per share amounts)

(Unaudited)

	Nine Months Ended
	March 29 2003			March 30 2002
Net sales	$	95,230		$	131,658
Cost of sales		84,463			120,350
Gross profit on sales		10,767			11,308
Operating expenses:
Research, development and engineering		2,209			1,853
Selling		1,569			2,158
General and administrative		5,425			6,431
Total operating expenses		9,203			10,442
Operating income		1,564			866
Interest expense		759			1,094
Litigation (settlement) judgment		(12,186	)		17,000
Other (income)		(236	)		(364	)
Income (loss) before income taxes		13,227			(16,864	)
Income tax provision		368			5,315
Net income (loss)	$	12,859		$	(22,179	)
Earnings per share:
Earnings (loss) per common share—basic and diluted	$	1.33		($	2.29	)
Weighted average shares O/S—basic and diluted		9,673			9,673

KEY TRONIC CORPORATION AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(In thousands)

(Unaudited)

	March 29 2003			June 29 2002
ASSETS
Current Assets:
Cash and cash equivalents	$	553		$	1,205
Restricted cash		580			280
Trade receivables—net		15,505			20,978
Inventories		21,803			18,395
Other		1,965			2,588
Total current assets		40,406			43,446
Property, plant and equipment at cost		85,785			85,286
Less accumulated depreciation		73,885			73,054
Total property, plant and equipment		11,900			12,232
Other Assets:
Other—net		1,098			996
Goodwill—net		765			765
Total other assets		1,863			1,761
Total assets	$	54,169		$	57,439
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities:
Current portion of long term obligations	$	867		$	228
Accounts payable		10,412			14,409
Accrued compensation and vacation		3,868			2,803
Litigation settlement		1,065			293
Other		3,598			3,172
Total current liabilities		19,810			20,905
Long-Term Liabilities:
Revolving loan		7,528			6,475
Litigation settlement		3,117			19,186
Other		1,145			1,162
Total long-term liabilities		11,790			26,823
Shareholders’ Equity:
Common stock, no par value, authorized 25,000 shares; issued and outstanding 9,673 and 9,673 shares		38,393			38,393
Retained deficit		(15,824	)		(28,682	)
Total shareholders’ equity		22,569			9,711
Total Liabilities and Shareholders’ Equity	$	54,169		$	57,439