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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 solutions.

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 www.rockwellcollins.com .

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 www.Astronics.com .

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:
         Company:
         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

Astronics Corporation logo

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