Astronics Wins U.S. Navy Contract for Automatic Test Equipment and Test Program Sets
Awarded first two task orders under contract for $1.5 million
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, today announced that its wholly-owned subsidiary, Astronics DME Corporation, is one of three companies awarded an Indefinite Delivery/Indefinite Quantity (ID/IQ) contract to provide Test Program Sets and Application Program Sets to the U.S. Marine Corps through the Naval Supply Systems Command (NAVSUP). The contract includes both hardware and software and has a one-year term with three option years. The maximum total value of the contract is approximately $21 million.
NAVSUP intends to have the three companies bid for specific task orders which may be awarded under the ID/IQ contracts during the contracts' duration. Two such task orders were bid simultaneously with the ID/IQ request for proposal, both of which were awarded to Astronics DME. The two task orders are cost plus fixed fee awards totaling $1.5 million, with work to begin immediately and carry into the second half of 2011.
Peter J. Gundermann, President and CEO of Astronics, commented "This is a significant win for DME and we look forward to further supporting the automated test capabilities of the United States Marine Corps under this new program."
He concluded, "We take great pride in our expertise and capabilities in test program set development and production, and are honored by the confidence demonstrated by the United States Navy in awarding DME this contract. We believe we are well positioned to compete successfully for future task orders under this contract as well."
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. 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, 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.
Source: Astronics Corporation
Released October 4, 2010