Astronics Selected to Provide Exterior Lighting and Cockpit Panels for the Cessna CJ4
EAST AURORA, N.Y.--(BUSINESS WIRE)--
Astronics Corporation (NASDAQ: ATRO), a trusted leader in innovative, high performance lighting, electrical generation, control and distribution systems for the global aerospace industry, announced today that they have been selected by Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, to supply exterior lighting and cockpit control panels for the Cessna CJ4. The exterior lighting fixtures will feature Astronics' next generation LED technology which provides a significant increase in performance and reliability.
Peter Gundermann, President and CEO of Astronics, commented, "Astronics has been supplying lighting products to Cessna for over 25 years. Being selected by Cessna to provide product for the CJ4 is another step towards the successful execution of our strategy to leverage the strong customer relationships we have built over the years resulting in higher product content on each new aircraft platform. We have shown our commitment to support Cessna's new programs, and Cessna's award demonstrates its confidence in our superior engineering capabilities and quality products."
The CJ4, the most recent platform in Cessna's line of Citation jets, is a seven to eight passenger twin-jet aircraft. Its first flight is scheduled during the first half of 2008, and entry into service is set for the first half of 2010. As of June 2007, Cessna had taken 120 orders for the new jet.
ABOUT CESSNA AIRCRAFT COMPANY
Based on unit sales, Cessna Aircraft Company is the world's largest manufacturer of general aviation airplanes. In 2006, Cessna delivered 1,239 aircraft, including 307 Citation business jets, and reported revenues of about $4.2 billion and a backlog of $8.5 billion. Since the company was originally established in 1927, more than 189,000 Cessna airplanes have been delivered to nearly every country in the world. The global fleet of more than 5,000 Citations is the largest fleet of business jets in the world.
More information about Cessna Aircraft company is available at www.cessna.com
ABOUT ASTRONICS CORPORATION
Astronics Corporation is a trusted leader in innovative, high performance lighting, electrical generation, control and distribution systems for the global aerospace industry. Its strategy is to expand the value and content it provides to various aircraft platforms through product development and acquisition. Astronics Corporation, and its wholly-owned subsidiaries 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.
For more information on Astronics and its products, visit its website 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 September 24, 2007