Astronics Corporation (NASDAQ: ATRO), a trusted leader in innovative, high performance lighting, electrical generation, control and distribution systems for the global aerospace industry, announced that it received orders valued at approximately $8 million from General Dynamics (NYSE: GD) Land Systems for control panels for the M1A2 Abrams Tank, a heavily-armored, highly-mobile ground combat tank. Of the $8 million in orders, $1.3 million and $4.0 million were booked in the first and second quarter of 2008, respectively, while the remaining $2.7 million will be booked in the current third quarter. Delivery of the product is expected to continue through early 2013. Astronics was awarded the initial M1A2 Abrams development contract in 2003. The ruggedized control panels were developed as part of the M1A2 Continuous Electronics Enhancement Program to incorporate advanced digital systems to improve the warfare capabilities of the crew and ensure compatibility with the Army�s future combat systems� standards. Deliveries should be relatively consistent through the 5-year period with an initial surge in orders in 2008. The order includes an option to increase order quantities if required. ABOUT ASTRONICS CORPORATION Astronics Corporation is a trusted leader in innovative, high performance lighting, electrical generation, control and distribution systems for the global aerospace industry. Its strategy is to expand the value and content it provides to various aircraft platforms through product development and acquisition. Astronics Corporation, and its wholly-owned subsidiaries Astronics Advanced Electronic Systems Corp. and Luminescent Systems Inc., have a reputation for high quality designs, exceptional responsiveness, strong brand recognition and best-in-class manufacturing practices. For more information on Astronics and its products, visit its website at www.Astronics.com. Safe Harbor Statement This press release contains forward-looking statements as defined by the Securities Exchange Act of 1934. One can identify these forward-looking statements by the use of the words �expect,� �anticipate,� �plan,� �may,� �will,� �estimate� or other similar expression. Because such statements apply to future events, they are subject to risks and uncertainties that could cause the actual results to differ materially from those contemplated by the statements. Important factors that could cause actual results to differ materially include the state of the aerospace industry, the market acceptance of newly developed products, internal production capabilities, the timing of orders received, the status of customer certification processes, the demand for and market acceptance of new or existing aircraft which contain the Company�s products, customer preferences, and other factors which are described in filings by Astronics with the Securities and Exchange Commission. The Company assumes no obligation to update forward-looking information in this press release whether to reflect changed assumptions, the occurrence of unanticipated events or changes in future operating results, financial conditions or prospects, or otherwise.
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