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Astronics [ATRO] on Tuesday said it has agreed to acquire the Test and Services (T&S) division of Airbus Group’s North America business for $53 million in cash, expanding its capabilities in the testing business and providing access to new markets. The deal is expected to close in February and is subject to government approval. The Airbus T&S business, which consists primarily of the acquisitions of Racal Instruments in 2004 and Talon Instruments in 2005, had sales of about $70 million…
