Astronics Lands F-16 Option

Apr 19, 2001, 01:00 ET from Astronics Corporation

    BUFFALO, N.Y., April 19 /PRNewswire/ --
 Astronics Corporation (Nasdaq:   ATRO) today announced that the U.S. Air Force
 has exercised the final option on its contract to provide night vision
 lighting upgrade kits for the USAF fleet of F-16 aircraft.  The option calls
 for deliveries worth over $10 million.
     The contract, originally awarded in 1998, included an initial award and
 three additional options.  By exercising all of the options the Air Force has
 purchased lighting kits to modify over 1,000 aircraft.  When deliveries are
 complete in late 2002, the program will be worth over $50 million in Astronics
 shipments.  The company has delivered approximately 40% of the kits thus far.
     "This award confirms the US Air Force's pleasure with our performance on
 this ambitious program.  It is an endorsement of our capabilities that they
 have exercised all of the options," said James Kramer, a Vice President at
 Astronics' Luminescent Systems subsidiary.
     Astronics Corporation is a diversified manufacturing company operating in
 two business segments:  Aerospace-Electronics and Printing-Packaging.  Its
 common stock is traded on the Nasdaq National Market System under the symbol
 ATRO.
     For further information, access the company's web site at
 http://www.Astronics.com, or contact C. Anthony Rider, Vice President-Finance,
 Astronics Corporation; (716) 447-9013, Ext. 435.  Astronics Corporation, 1801
 Elmwood Avenue, Buffalo, NY 14207.
 
 

SOURCE Astronics Corporation
    BUFFALO, N.Y., April 19 /PRNewswire/ --
 Astronics Corporation (Nasdaq:   ATRO) today announced that the U.S. Air Force
 has exercised the final option on its contract to provide night vision
 lighting upgrade kits for the USAF fleet of F-16 aircraft.  The option calls
 for deliveries worth over $10 million.
     The contract, originally awarded in 1998, included an initial award and
 three additional options.  By exercising all of the options the Air Force has
 purchased lighting kits to modify over 1,000 aircraft.  When deliveries are
 complete in late 2002, the program will be worth over $50 million in Astronics
 shipments.  The company has delivered approximately 40% of the kits thus far.
     "This award confirms the US Air Force's pleasure with our performance on
 this ambitious program.  It is an endorsement of our capabilities that they
 have exercised all of the options," said James Kramer, a Vice President at
 Astronics' Luminescent Systems subsidiary.
     Astronics Corporation is a diversified manufacturing company operating in
 two business segments:  Aerospace-Electronics and Printing-Packaging.  Its
 common stock is traded on the Nasdaq National Market System under the symbol
 ATRO.
     For further information, access the company's web site at
 http://www.Astronics.com, or contact C. Anthony Rider, Vice President-Finance,
 Astronics Corporation; (716) 447-9013, Ext. 435.  Astronics Corporation, 1801
 Elmwood Avenue, Buffalo, NY 14207.
 
 SOURCE  Astronics Corporation