Exhibit 99.1

      Arrow Electronics Prices $350 Million Senior Note Offering


    MELVILLE, N.Y.--(BUSINESS WIRE)--June 24, 2003--Arrow Electronics,
Inc. (NYSE:ARW) announced that it has agreed to sell $350 million
principal amount of 6.875% Senior Notes due 2013 and expects to close
the transaction on June 27, 2003, subject to customary closing
conditions. The net proceeds of this offering will be used to repay
the company's 8.20% senior notes which mature on October 5, 2003 ($207
million outstanding at March 31, 2003) and for general corporate
purposes.
    The notes are being offered under a shelf registration statement
previously filed and declared effective with the Securities and
Exchange Commission. The offering is being led by Goldman, Sachs &
Co., JPMorgan, and Banc of America Securities LLC as joint
book-running managers; Credit Suisse First Boston as lead manager; and
Fleet Securities, Inc., HSBC, Scotia Capital, and Wachovia Securities
as co-managers.
    Arrow Electronics is one of the world's largest distributors of
electronic components and computer products and a leading provider of
services to the electronics industry. Headquartered in Melville, New
York, Arrow serves as a supply channel partner for more than 600
suppliers and over 150,000 original equipment manufacturers, contract
manufacturers, and commercial customers through more than 190 sales
facilities and 21 distribution centers in 40 countries. Detailed
information about Arrow's operations can be found at www.arrow.com.


    CONTACT: Arrow Electronics, Inc.
             Robert E. Klatell, Executive Vice President, 631/847-1830
             or
             Eileen M. O'Connor, Vice President, Investor Relations,
              631-847-5740