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Business/Financial

Astronics Acquires Aircraft Antenna Manufacturer AeroSat

Defense Daily Staff

Wednesday, October 2nd, 2013

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Astronics Corp. [ATRO] yesterday said it has acquired aircraft antenna systems supplier AeroSat Corp. for $12 million in cash, adding new products to its aerospace and defense portfolio. The deal includes the potential for earnout provisions, which Astronics believes will be between $5 million and $20 million and are based on future sales. AeroSat HR6400 antenna, control unit and transceiver. Photo: AeroSat AeroSat designs and manufactures fuselage and tail-mounted antenna systems for commercial transport, business jet, and military aircraft customers around…

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