Astronics Corporation Extends Supply Agreement With Rockwell Collins
EAST AURORA, N.Y., June 18, 2013 (GLOBE NEWSWIRE) -- Astronics Corporation
(Nasdaq:ATRO) ("Company"), a leading provider of advanced technologies for the
global aerospace and defense industries, announced today that its wholly-owned
subsidiary, Luminescent Systems Canada Inc. (LSI Canada), has signed a
long-term enterprise sourcing agreement with Rockwell Collins.
The agreement includes illuminated cockpit control panels, keyboards, display
bezels and related assemblies that form an integral part of Rockwell Collins'
advanced avionics product offerings. The products can be found on both fixed
wing and rotor craft across a broad range of military, commercial and business
aircraft served by Rockwell Collins. The agreement represents the full breadth
of products that LSI Canada currently supplies to Rockwell Collins, including
new products that are part of Rockwell Collins' next generation of avionics
Astronics was also recognized as Rockwell Collins' 2013 Human Machine
Interface Supplier of the Year during their Annual Supplier Conference in
March. This award is an acknowledgement of significant contributions made
during the year by suppliers to Rockwell Collins and is based on quality,
delivery, total cost of ownership, lead time and customer service. This is the
fourth consecutive year that LSI Canada has received this award.
James S. Kramer, Executive Vice President and General Manager of Luminescent
Systems, commented, "Rockwell Collins collaborated with us on Lean initiatives
to ensure that our products incorporate best-in-class technology and
manufacturing concepts. The recognition that Rockwell Collins has provided via
the extension of the sourcing agreement and the Supplier of the Year Award
provide a strong framework for continued collaboration."
ABOUT ROCKWELL COLLINS
Rockwell Collins (NYSE:COL) is a pioneer in the development and deployment of
innovative communication and aviation electronic solutions for both commercial
and government applications. The company's expertise in flight deck avionics,
cabin electronics, mission communications, information management, and
simulation and training is delivered by 19,000 employees, and a global service
and support network that crosses 27 countries. To find out more, please visit
ABOUT ASTRONICS CORPORATION
Astronics Corporation is a leader in advanced, high-performance lighting,
electrical power, specialized avionics products 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 our
leadership position and strategic direction. Astronics Corporation, and its
wholly-owned subsidiaries, Astronics Advanced Electronic Systems Corp.,
Ballard Technology, Inc., DME Corporation, Luminescent Systems Inc. and
Max-Viz, Inc., have a reputation for high-quality designs, exceptional
responsiveness, strong brand recognition and best-in-class manufacturing
practices. The Company routinely posts news and other important information on
its website at www.astronics.com.
For more information on Astronics and its products, visit its website at
Safe Harbor Statement
This press 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 expression. Because such statements apply
to future events, they are subject to risks and uncertainties that could cause
the 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 industry, 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 press release whether to reflect changed assumptions, the occurrence of
unanticipated events or changes in future operating results, financial
conditions or prospects, or otherwise.
CONTACT: For more information contact:
David C. Burney, Chief Financial Officer
Phone: (716) 805-1599, ext. 159
Deborah K. Pawlowski, Kei Advisors LLC
Phone: (716) 843-3908
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