EAST AURORA, N.Y.--(BUSINESS WIRE)--May. 15, 2012--
Astronics Corporation (NASDAQ: ATRO), a leading provider of advanced
technologies for the global aerospace and defense industries, announced
today that its wholly-owned subsidiary, Astronics Luminescent Systems,
Inc., has been selected by Learjet Inc., a subsidiary of Bombardier, to
supply the illuminated instrument panels for its newly introduced
Learjet 70* and Learjet 75* light business jets.
Peter J. Gundermann, President and Chief Executive Officer of Astronics,
commented, "Being selected as a supplier for the new Learjet 70 and
Learjet 75 aircraft speaks to our best-in-class technology and the
strong relationship we have built with Learjet over the years. We
believe the quality and performance of our cockpit lighting products
complements the innovative flight decks Learjet designs into their
Astronics will provide a complete suite of instruments panels that are
illuminated with light emitting diodes (LEDs) which provide increased
reliability while reducing power consumption.
ABOUT ASTRONICS CORPORATION
Astronics Corporation is a leader in advanced, high-performance
lighting, electrical power and automated test systems for the global
aerospace and defense industries. Astronics’ strategy is to develop and
maintain positions of technical leadership in its chosen aerospace and
defense markets, to leverage those positions to grow the amount of
content and volume of product it sells to those markets and to
selectively acquire businesses with similar technical capabilities that
could benefit from its leadership position and strategic direction.
Astronics Corporation, and its wholly-owned subsidiaries, Astronics
Advanced Electronic Systems Corp., Ballard Technology, Inc., DME
Corporation and Luminescent Systems Inc., have a reputation for
high-quality designs, exceptional responsiveness, strong brand
recognition and best-in-class manufacturing practices. For more
information on Astronics and its products, visit www.Astronics.com
where the Company routinely posts information.
*Learjet, Learjet 70, and Learjet 75 are trademarks
of Bombardier Inc. or its subsidiaries.
Safe Harbor Statement
This news release contains forward-looking statements as defined by the
Securities Exchange Act of 1934. One can identify these forward-looking
statements by the use of the words "expect," "anticipate," "plan,"
"may," "will," "estimate" or other similar expressions. Because such
statements apply to future events, they are subject to risks and
uncertainties that could cause actual results to differ materially from
those contemplated by the statements. Important factors that could cause
actual results to differ materially include the state of the aerospace
and defense industries, the market acceptance of newly developed
products, internal production capabilities, the timing of orders
received, the status of customer certification processes, the demand for
and market acceptance of new or existing aircraft which contain the
Company's products, customer preferences, and other factors which are
described in filings by Astronics with the Securities and Exchange
Commission. The Company assumes no obligation to update forward-looking
information in this news release whether to reflect changed assumptions,
the occurrence of unanticipated events or changes in future operating
results, financial conditions or prospects, or otherwise.
Source: Astronics Corporation
David C. Burney, 716-805-1599, ext. 159
Kei Advisors LLC
Deborah K. Pawlowski, 716-843-3908