Profile: Astronics Corp (ATRO.OQ)
6 Dec 2013
Astronics Corporation is a supplier of products to the aerospace and defense industries. The Company’s products include lighting systems, electrical power generation systems, aircraft safety systems, electrical power distribution systems and avionics databus products for the global aerospace industry, as well as test, training and simulation systems for the military. The Company has seven primary locations, six in the United States and one in Canada. The Company designs and builds its products through its wholly owned subsidiaries Astronics Advanced Electronic Systems Corp., Ballard Technology, Inc., DME Corporation, Luminescent Systems, Inc. and Luminescent Systems Canada, Inc. The Company operates in two segments: Aerospace and Test Systems. On November 30, 2011, the Company acquired Ballard Technology, Inc. (Ballard) a manufacturer of avionics databus products. Effective July 18, 2013, Astronics Corp acquired PECO Manufacturing Inc. In October 2013, Astronics Corporation acquired certain assets and liabilities from AeroSat Corporation.
The Company’s Aerospace segment designs and manufactures products for the global aerospace industry. Its product lines include Aircraft Lighting, Cabin Electronics, Airframe Power, Avionics Databus Products and Airfield Lighting. Its Aerospace customers are the airframe manufacturers (OEM’s), which build aircraft for the commercial, military and general aviation markets, suppliers to those OEM’s, aircraft operators, such as airlines and branches of the United States Department of Defense, as well as the Federal Aviation Administration and airport operators. During the year ended December 31, 2011, this segment’s sales were divided 67% to the commercial transport market, 17% to the military aircraft market, 12% to the business jet market and 4% to the FAA/airport market. The Company’s Test Systems segment designs, develops, manufactures and maintains communications and weapons test systems and training and simulation devices for military applications. In the Test Systems Segment, the Company’s products are sold primarily to the United States military, foreign militaries and manufacturers of military communication systems. During 2011, this segment’s sales were all to the military markets.
130 Commerce Way
EAST AURORA NY 14052-2191