Astronics To Receive $24 Million In Cash From Combination Of Amjp And Asset Sale

Oct 14, 2021•almost 4 years ago

Amount Raised

$24 Million

East Aurora

Description

Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense and other mission critical industries, announced that it has closed on the sale of its facility in Ft. Lauderdale, Florida for total consideration of $9.1 million. Net proceeds were approximately $8.7 million in cash. The Company expects to record a gain in the fourth quarter of 2021 of approximately $5.0 million

Company Information

Company

Astronics Corporation

Location

East Aurora, New York, United States

About

Astronics Corporation (Nasdaq: ATRO) serves the world’s aerospace, defense, and other mission critical industries with proven, innovative technology solutions. Astronics works side-by-side with customers, integrating its array of power, connectivity, lighting, structures, interiors, and test technologies to solve complex challenges. For over 50 years, Astronics has delivered creative, customer-focused solutions with exceptional responsiveness. Today, global airframe manufacturers, airlines, militaries, completion centers and Fortune 500 companies rely on the collaborative spirit and innovation of Astronics. The Company’s strategy is to increase its value by developing technologies and capabilities that provide innovative solutions to its targeted markets. For more information on Astronics and its solutions, visit Astronics.com.

Funding Insights

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83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Astronics To Receive $24 Million In Cash From Combination Of Amjp And Asset Sale

Description

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Company Information