Key Developments: Astronics Corp (ATRO.O)

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Latest Key Developments (Source: Significant Developments)

Astronics Corp narrows FY 2014 revenue outlook to a range in line with analysts' estimates
Tuesday, 4 Nov 2014 06:55am EST 

Astronics Corp:Now expects FY 2014 revenue in the range of $645 to $655 million.FY 2014 revenue of $651 million - Thomson Reuters I/B/E/S.  Full Article

Astronics awarded multiyear contract for support of United Kingdom Bowman Tactical Communications System
Thursday, 30 Oct 2014 06:55am EDT 

Astronics Corporation:Announces that its Test Systems segment, through Astronics' wholly-owned subsidiary DME Corporation, was awarded two five-year contracts by General Dynamics United Kingdom Limited.Says to support U. K. Ministry of Defense (MoD) Bowman tactical communications system test equipment modernization, logistics, supply and support.Astronics will provide full logistical support for Bowman Radio Test solutions (RTS), including necessary repair and calibration, spares provisioning, obsolescence management and logistics support analysis required to maintain 80 systems currently fielded.Astronics will also provide engineering design services and management support of Bowman RTS equipment, which was originally supplied by Astronics as part of the General Dynamics U.K. led Bowman program.  Full Article

Astronics Corporation announces 20pct class B stock distribution
Thursday, 21 Aug 2014 04:05pm EDT 

Astronics Corporation:Announces 20pct stock distribution of Class B Stock to holders of both Common and Class B Stock.Stockholders will receive one share of Class B Stock for every five shares of Common and Class B Stock held on the record date of Sept. 5, with an ex-dividend date of Sept. 3.  Full Article

Astronics Corp raises FY 2014 revenue guidance
Wednesday, 30 Jul 2014 06:55am EDT 

Astronics Corp:Increases revenue expectations for FY 2014 to $640 million to $665 million.FY 2014 revenue of $640 million - Thomson Reuters I/B/E/S.  Full Article

Astronics Corp raises FY 2014 revenue outlook
Wednesday, 7 May 2014 06:55am EDT 

Astronics Corp:Raises FY 2014 sales to range of $625 -$660 mln.FY 2014 revenue of $595 mln - Thomson Reuters I/B/E/S.  Full Article

Astronics Corp completes acquisition of EADS North America test and services division
Monday, 3 Mar 2014 08:30am EST 

Astronics Corp:Completes the acquisition of all of the assets and liabilities of EADS North America's Test and Services division.For about $53 mln in cash plus a preliminary net working capital adjustment of $17 mln effective Feb. 28.  Full Article

Astronics Corp selected to supply exterior lighting system for Boeing 737 MAX
Tuesday, 25 Feb 2014 06:55am EST 

Astronics Corp:Says its subsidiary, Astronics Luminescent Systems Inc., has been awarded a multi-year contract to provide exterior lighting for the Boeing 737 MAX.Says Astronics will supply a full suite of products that provide the position, navigation and anti-collision lighting functions for the aircraft.  Full Article

Astronics Corp issues FY 2014 revenue guidance above analysts' estimates
Thursday, 13 Feb 2014 06:55am EST 

Astronics Corp:Expects fiscal 2014 sales to be in the range of $585 million to $640 million which includes about $100 million to $120 million for the previously announced planned acquisition of the Test business from EADS North America.Fiscal 2014 revenue of $483 million - Thomson Reuters I/B/E/S.  Full Article

Airbus' EADS North America to sell its Test and Services division to Astronics-GlobeNewswire
Monday, 20 Jan 2014 07:00pm EST 

Airbus Group NV:Airbus Group NV's U.S. subsidiary EADS North America entered into a definitive agreement to sell all of the assets and liabilities of its Test and Services division (EADS T&S) to Astronics Corp - GlobeNewswire.Astronics Corp is a provider of advanced technologies for the global aerospace and defense industries.The sale price is about $53 million in cash plus a net working capital adjustment.The agreement is expected to close in February, subject to normal closing requirements including Hart-Scott-Rodino approval.Upon closing, EADS T&S will be reported in Astronics' Test Systems segment.Houlihan Lokey acted as the exclusive financial advisor to EADS North America.  Full Article

Astronics Corp completes acquisition of PGA Electronic
Friday, 6 Dec 2013 04:30pm EST 

Astronics Corp:Says that it has completed the acquisition of PGA Electronic on Dec. 5, 2013 for about $31.2 million.Says about $17.5 million of the purchase price was paid in cash and the balance was paid by the issuance of 264,168 shares of Astronics common stock with a market value at the time of closing of $13.7 million.  Full Article

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