Astronics Corporation (ATRO) announced that it completed on February 28, 2014, the acquisition of all of the assets and liabilities of EADS North America's Test and Services division (EADS T&S).
The acquisition cost approximately $53 million in cash plus a preliminary net working capital adjustment of $17 million. EADS T&S will be reported in Astronics' Test Systems segment.
Astronics had previously announced that it entered into a definitive agreement to acquire EADS T&S on January 21, 2014.
EADS T&S, located in Irvine, California, is a leading provider of highly engineered automatic test systems (ATS), subsystems and instruments for the semi-conductor, consumer electronics, commercial aerospace and defense industries. EADS T&S provides fully customized testing systems and support services for these markets. It also designs and manufactures test equipment under the well-respected test instrument brands known as Racal and Talon.
Astronics DME Corporation has won a contract to provide Virtual Instrument Portable Equipment Repair/Test (VIPER/T) systems and Application Program Sets (APSs) to the US Marine Corps Program Manager-Light Armored Vehicles (PM-LAV) Foreign Military Sales office. The contract was awarded on behalf of the Kingdom of Saudi Arabia's Ministry of National Guard (MNG), the company announced Thursday
Astronics Corp announced today that Astronics Test Systems (ATS) has won a $36.4 million production contract to manufacture, test and deliver the Radio Frequency Distribution and Control System (RFDACS) and associated spare parts for US Navys fleet of submarines
Astronics has won two five year contracts to support UKs Bowman tactical communication systems, the company said in a statement. The contracts include full logistical support for Bowman Radio Test solutions (RTS), including necessary repair and calibration, spares provisioning, obsolescence management and logistics support analysis required to maintain the 80 systems currently fielded
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