Astronics Completes Acquisition of Armstrong Aerospace


East Aurora, NY | January 15, 2015– Astronics Corporation (NASDAQ: ATRO), a leading provider of advanced technologies for the global aerospace and defense industries, announced today that it completed the acquisition of Armstrong Aerospace (“Armstrong”) for approximately $52 million in cash on January 14, 2015.

Astronics previously announced that it had entered into a definitive agreement to acquire Armstrong on December 24, 2014.

Armstrong Aerospace, located in Itasca, Illinois, was founded in 1996 and has 81 employees. Armstrong is a leading provider of engineering, design and certification solutions for commercial aircraft, specializing in connectivity, in-flight entertainment, and electrical power systems. For 2014, Armstrong had sales of approximately $27 million.

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