Astronics Corporation Awarded Emergency Lighting Contract for the Airbus A350 XWB Program
EAST AURORA, N.Y.--(BUSINESS WIRE)-- Astronics Corporation (NASDAQ: ATRO), a leader in advanced, high performance lighting, electrical power and automated test systems for the global aerospace and defense industries, announced today that its Luminescent Systems Inc. subsidiary has been selected by Diehl Aerospace to design, develop and supply the electrical emergency lighting and passenger information signs for the Airbus A350 XWB program, the newest twin-engine wide-body aircraft family from Airbus. Diehl Aerospace was selected by Airbus as the prime contractor to supply the entire cabin and cargo lighting package for the new A350 XWB family of aircraft.
Peter J. Gundermann, President and Chief Executive Officer of Astronics, commented, "We are very proud to take part in the A350 XWB program. This is a critical win for Astronics because it reinforces our success in providing innovative, light weight, highly-reliable lighting solutions and it extends our content and value on commercial transport aircraft."
The system will include ceiling emergency lights, emergency exit signs, seat and galley-mounted aisle floodlights, passenger information signs and exterior emergency lights. All of the products Astronics is supplying for the A350 XWB program will utilize light emitting diode (LED) technology to ensure maximum reliability while significantly reducing power consumption when compared with legacy solutions.
ABOUT ASTRONICS CORPORATION
Astronics Corporation is a leader in advanced, high performance lighting, electrical power and automated test systems for the global aerospace and defense industries. The Company's strategy is to develop and maintain positions of technical leadership in its chosen aerospace and defense markets, to leverage those positions to grow the amount of content and volume of product it sells to those markets and to selectively acquire businesses with similar technical capabilities that could benefit from our leadership position and strategic direction. Astronics Corporation, and its wholly-owned subsidiaries, DME Corporation, Astronics Advanced Electronic Systems Corp. and Luminescent Systems Inc., have a reputation for high quality designs, exceptional responsiveness, strong brand recognition and best-in-class manufacturing practices. The Company routinely posts news and other important information on its Web site at www.Astronics.com.
For more information on Astronics and its products, visit its Web site at www.Astronics.com.
Safe Harbor Statement
This press release contains forward-looking statements as defined by the Securities Exchange Act of 1934. One can identify these forward-looking statements by the use of the words "expect," "anticipate," "plan," "may," "will," "estimate" or other similar expression. Because such statements apply to future events, they are subject to risks and uncertainties that could cause the actual results to differ materially from those contemplated by the statements. Important factors that could cause actual results to differ materially include the state of the aerospace industry, the market acceptance of newly developed products, internal production capabilities, the timing of orders received, the status of customer certification processes, the demand for and market acceptance of new or existing aircraft which contain the Company's products, customer preferences, and other factors which are described in filings by Astronics with the Securities and Exchange Commission. The Company assumes no obligation to update forward-looking information in this press release whether to reflect changed assumptions, the occurrence of unanticipated events or changes in future operating results, financial conditions or prospects, or otherwise.
Source: Astronics Corporation
Released May 17, 2010