DEPARTMENTS: MARKETWATCH
Astronics completes acquisition of Armstrong Aerospace
01/15/2015
Astronics, a leading provider of advanced technologies
for the global aerospace and defense industries, announced today that
it completed the acquisition of Armstrong Aerospace ("Armstrong") for
approximately $52 million in cash on January 14, 2015.
Astronics previously announced that it had entered into a definitive
agreement to acquire Armstrong on December 24, 2014.
Armstrong Aerospace, located in Itasca, Illinois, was founded in 1996
and has 81 employees. Armstrong is a leading provider of engineering,
design and certification solutions for commercial aircraft,
specializing in connectivity, in-flight entertainment, and electrical
power systems. For 2014, Armstrong had sales of approximately $27
million.
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