PHAZAR CORP operates as a holding company with Antenna Products Corporation, Tumche Corp., Phazar Antenna Corp. and Thirco, Inc. as its wholly owned subsidiaries. Antenna Products Corporation and Phazar Antenna Corp. are operating subsidiaries with Thirco, Inc. serving as an equipment leasing company to PHAZAR CORP's operating units. Phazar Antenna Corp. operates as a small division of Antenna Products Corporation. Antenna Products Corporation designs, manufactures and markets standard and custom antennas, wireless mesh network solutions, guyed and self supported towers, support structures, masts and communication accessories worldwide. Phazar Antenna Corp. operates as a marketing and research and development unit. Thirco, Inc. will occasionally assist in servicing the banking needs of PHAZAR CORP's operating units.