Posted on: 16 January 2015 by Mark Howells
Astronics Corporation (Astronics) has completed the acquisition of Armstrong Aerospace for approximately $52 million in cash after announcing it had entered into a definitive agreement with the company on 24 December, 2014.
Founded in 1996, Armstrong Aerospace employs 81 people at its facility in Itasca, Illinois. The company specialises in engineering, design and certification solutions for commercial aircraft, with a particular focus on in-flight entertainment and connectivity and electrical power systems.
In 2014, Armstrong Aerospace created around $27 million in sales revenue.