Aerospace & Defense M&A » By The Online Investor Staff, updated Fri., Apr. 26, 9:15 PM
Recent mergers and acquisitions in the Aerospace & Defense M&A category.
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Slide #30. Astronics Corporation — AeroSat
Acquirer:
Astronics Corporation (NASDAQ:ATRO)
Acquiree:
AeroSat
Details:
Astronics Corporation (Nasdaq:ATRO), a leading provider of advanced technologies for the global aerospace and defense industries, announced today that it has acquired certain assets and liabilities from AeroSat Corporation, a supplier of aircraft antenna systems, for $12 million in cash, plus the potential for an earn out. Astronics expects the earnout will be between $5 and $20 million.
Astronics is a provider of technologies to the global aerospace, defense and other mission-critical industries. Co.'s products and services include electrical power generation, distribution and seat motion systems, lighting and safety systems, avionics products, systems and certification, aircraft structures and automated test systems. Co.'s segments: aerospace, which designs and manufactures products for the global aerospace and defense industry; and test systems, which designs, develops, manufactures and maintains automated test systems that support the aerospace and defense, communications and mass transit industries.
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Hold (2.00 out of 4) 0th percentile
(ranked lower than approx. 100% of all stocks covered)
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