Key Developments: Astronics Corp (ATROB.PK)

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Latest Key Developments (Source: Significant Developments)

Astronics Corp wins U.S. marine corps contract to provide test systems to Saudi Arabian Ministry of National Guard
Thursday, 9 Apr 2015 06:55am EDT 

Astronics Corp:Says Astronics' subsidiary, DME Corporation, has been awarded contract.To provide Virtual Instrument Portable Equipment Repair/Test (VIPER/T) systems and Application Program Sets (APSs) to US Marine Corps Program Manager-Light Armored Vehicles (PM-LAV) Foreign Military Sales office on behalf of the Kingdom of Saudi Arabia's Ministry of National Guard (MNG).Test systems are required to support MNG's fleet of various Light Armored Vehicles.Contract, valued at $3.6 mln and issued by Naval Surface Warfare Center Corona, is for First Article and initial production units of systems and APSs that will be produced and delivered within a 30-month period of performance.Procurement of additional production units is expected at later date.  Full Article

Astronics Corp awarded $36.4 million contract from U.S. Navy
Monday, 6 Apr 2015 06:55am EDT 

Astronics Corp:Says Astronics Test Systems has won a major follow-on 5-year production contract with a period of performance through 2020.Says U.S. Navy has awarded Astronics ATS a firm-fixed price $36.4 million indefinite delivery/indefinite quantity contract to manufacture, test and deliver radio frequency distribution and control system and associated spare parts for its fleet of submarines.  Full Article

Astronics Corp raises FY 2015 revenue guidance
Thursday, 19 Feb 2015 06:45am EST 

Astronics Corp:Now expects FY 2015 consolidated sales to be between $680 mln and $740 mln, including Jan. 2015 addition of Armstrong Aerospace Inc.FY 2015 Revenue of $653 mln - Thomson Reuters I/B/E/S.  Full Article

Astronics completes acquisition of Armstrong Aerospace
Thursday, 15 Jan 2015 06:55am EST 

Astronics Corp:Completes the acquisition of Armstrong Aerospace for about $52 mln in cash on Jan. 14.  Full Article

Astronics to acquire Armstrong Aerospace
Wednesday, 24 Dec 2014 06:55am EST 

Astronics Corporation:Acquires Armstrong Aerospace for about $51 million.Agreement is expected to close in Jan. 2015.Mesirow Financial acted as the exclusive financial advisor to Armstrong Aerospace.  Full Article

Astronics Corp gives FY 2015 revenue guidance in line with analysts' estimates
Monday, 22 Dec 2014 06:55am EST 

Astronics Corp:Expects FY 2015 consolidated revenue to be in the range of $655 million to $695 million.FY 2015 revenue of $667 million - Thomson Reuters I/B/E/S.  Full Article

Astronics announces test systems order
Monday, 22 Dec 2014 06:55am EST 

Astronics Corp:Says its wholly-owned subsidiary, Astronics Test Systems has been awarded a follow-on order from its customer valued at about $88 mln.Order is for several, highly-engineered production test systems, and includes on-site engineering and uptime support for the installed units.  Full Article

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

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