Astronics Announces 20% Class B Stock Distribution

Astronics Announces 20% Class B Stock Distribution

Common and Class B Stockholders to Receive Class B Stock

EAST AURORA, N.Y., Sept. 27, 2013 (GLOBE NEWSWIRE) -- Astronics Corporation
(Nasdaq:ATRO), a leading provider of advanced technologies for the global
aerospace and defense industries, announced a 20% 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 October 10, 2013. Fractional shares will be paid in
cash.The Company expects the new shares to be distributed on or about October
24, 2013. 

Astronics initially distributed shares of Class B Stock to Common and Class B
stockholders in 1987.Additional Class B share distributions were made in
1988, 2000, 2001, 2008, 2011 and 2012.Currently, there are approximately 3.1
million Class B and 11.5 million Common shares outstanding.After the
distribution, approximately 6.0 million Class B and 11.5 million Common shares
will be outstanding.

Astronics Class B Stock is entitled to ten votes per share while Common Stock
is entitled to one vote per share.Class B Stock is not a tradable security,
but is convertible, at all times and without cost to the shareholder, into one
share of Astronics Corporation Common Stock, which is tradable and provides
shareholders of Class B Stock access to the market.The economic value of one
share of Class B Stock is equivalent to one share of Common Stock. Subject to
certain exceptions, shares of Astronics Class B Stock automatically convert
into an equal number of shares of Common Stock upon transfer.

Information regarding the Class B share distribution and instructions to
convert Class B stock into Common stock can be found in the Frequently Asked
Questions section of Astronics' website at www.astronics.com.Registered
shareholders and brokers should contact the Company's transfer agent, American
Stock Transfer & Trust Company (AST) at (800) 937-5449, regarding the
conversion of Class B Stock to Common Stock.AST is the agent for the
distribution.

ABOUT ASTRONICS CORPORATION

Astronics Corporation is a leader in advanced, high-performance lighting,
electrical power, avionics databus 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., Max-Viz, Inc. and Peco, 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
www.astronics.com.

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.

CONTACT: David C. Burney, Chief Financial Officer
         Phone: (716) 805-1599, ext. 159
         Email: david.burney@astronics.com
        
         Investor Relations:
         Deborah K. Pawlowski, Kei Advisors LLC
         Phone: (716) 843-3908
         Email: dpawlowski@keiadvisors.com

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