19) Subsequent Events

On July 30, 2012 we acquired 100% of the stock of Max-Viz, Inc. (“Max-Viz”) a manufacturer of industry-leading Enhanced Vision Systems for defense and commercial aerospace applications for the purpose of improving situational awareness. Max-Viz will be included in our aerospace reporting segment. The addition of Max-Viz diversifies the products and technologies that Astronics offers. We purchased the outstanding stock of Max-Viz for $10.0 million in cash plus contingent purchase consideration up to a maximum of $8.0 million subject to meeting certain revenue growth targets over the next three years. The additional contingent purchase consideration will be recorded at its estimated fair value at the date of acquisition based upon the Company’s assessment of the probability of Max-Viz achieving the revenue growth targets.

The allocation of the purchase price paid for Max-Viz will be based on fair values of the acquired assets and liabilities assumed of Max-Viz as of July 30, 2012. Max-Viz’s unaudited 2011 revenue was approximately $5.4 million.