Astronics Corporation Selected to Supply Exterior Lighting System for the KC-390 Military Transport and Tanker Program
EAST AURORA, N.Y.--(BUSINESS WIRE)-- Astronics Corporation (NASDAQ: ATRO) (“Company”), a leading provider of advanced technologies for the global aerospace and defense industries, announced today that its wholly-owned subsidiary, Luminescent Systems Inc., has been selected by Embraer Defense and Security as a supplier for their KC-390 Military Transport and Tanker Program.
Astronics will provide a complete exterior lighting system, including navigation, anti-collision, landing, taxi, aerial refueling and formation lights. The system will feature Astronics’ LED technology to provide enhanced optical performance, high reliability and reduced power consumption. The KC-390 is expected to enter service in 2016.
Peter J. Gundermann, President and Chief Executive Officer, commented, “Astronics has a long history as an Embraer supplier, including providing the exterior lighting system for the Phenom family of business jets. The KC-390 selection serves to both enhance that relationship and builds on our industry leading position of supplying best in class exterior lighting solutions for the military and commercial aerospace market.”
ABOUT ASTRONICS CORPORATION
Astronics Corporation is a leader in advanced, high-performance lighting, electrical power, specialized avionics products and automated test systems for the global aerospace and defense industries. Astronics’ 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, Astronics Advanced Electronic Systems Corp., Ballard Technology, Inc., DME Corporation 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 website at www.astronics.com.
For more information on Astronics and its products, visit its website at www.astronics.com.
Safe Harbor Statement
This news 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 expressions. Because such statements apply to future events, they are subject to risks and uncertainties that could cause 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 and defense industries, 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 news release whether to reflect changed assumptions, the occurrence of unanticipated events or changes in future operating results, financial conditions or prospects, or otherwise.
David C. Burney, 716-805-1599, ext. 159
Chief Financial Officer
Kei Advisors LLC
Deborah K. Pawlowski, 716-843-3908
Source: Astronics Corporation
Released December 19, 2012