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<PAGE> EXHIBIT 23.2 We consent to the reference to our firm under the caption "Experts" and to the use of our report dated October 25, 2000 in the Registration Statement (Form S-1 No. 333-00000) and related Prospectus of M-tron Industries, Inc. for the registration of 1,006,790 shares of its common stock. /s/ Ernst & Young LLP Des Moines, Iowa October 25, 2000
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