Astronics Awarded Development and Production Contract for Anti-Collision Light Kits
-- Designed for the T-45 Goshawk Naval Training Aircraft
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 it received a $1.2 million order from Boeing Integrated Defense Systems, a unit of The Boeing Company (NYSE: BA), to develop and produce an anti-collision light kit for the T-45 Goshawk Naval Training Aircraft. Boeing has delivered more than 200 T-45 Goshawk's.
Designed using light emitting diode (LED) technology as its illumination source, the cutting-edge anti-collision light will replace rotating beacon lights currently mounted on the fuselage and provide a significant improvement in performance and reliability. Astronics' aircraft navigational lighting products are designed to withstand the extreme shock and vibration common to the rugged environment of military aircraft.
Development of the product is scheduled to be completed in January 2009 with product shipments to span a one-year period beginning in June 2009.
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.
ABOUT BOEING INTEGRATED DEFENSE SYSTEMS
A unit of The Boeing Company, Boeing Integrated Defense Systems is one of the world's largest space and defense businesses specializing in innovative and capabilities-driven customer solutions. Headquartered in St. Louis, Boeing Integrated Defense Systems is a $32.1 billion business with 71,000 employees worldwide.
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 November 3, 2008