Astronics PECO Selected to Supply Fuel Tank Access Doors for Boeing 777X and 787 Dreamliner Airplanes
August 08 2017 - 9:00AM
Business Wire
Awards validate the history of success on
multiple Boeing aircraft platforms
Astronics Corporation (NASDAQ:ATRO), a leading supplier of
advanced technologies and products to the global aerospace, defense
and semiconductor industries, announced today that its wholly-owned
subsidiary, Astronics PECO, was awarded a contract to provide its
next-generation fuel tank access doors (FTAD) for the new family of
long-range Boeing 777X aircraft. In addition, Astronics PECO
received a follow-on award for its FTAD product for the Boeing 787
Dreamliner.
The new 787 and 777X fuel tank access doors will utilize the
latest in fuel tank door structural materials and designs for
carbon fiber composite wing technologies. The doors will be
manufactured by Astronics PECO in Clackamas, Oregon. These awards
are in addition to a previous award in which Astronics PECO was
selected to provide passenger service units (PSUs) for the
777X.
Peter J. Gundermann, President and CEO of Astronics Corporation,
commented, “We have a long-standing, valued relationship with
Boeing, and believe our particular manufacturing capabilities and
product quality enabled us to provide our fuel access doors for the
next-generation 777X and continue to be the provider on the 787. We
appreciate the confidence Boeing has expressed in us as an
innovative solution provider on multiple aircraft platforms.”
Astronics PECO brings a successful track record of providing
structural fuel access doors on all Boeing platforms including the
787 and 777, plus PSUs on the 737 and 777. The production of the
new 777X, billed as the largest and most efficient twin-engine jet
in the world, is expected to begin in 2018. There are currently 326
firm orders for the 777X aircraft.
Astronics PECO offers nearly 50 years of design engineering and
contract manufacturing expertise to aerospace and defense
companies, producing a variety of sophisticated technical products
from aircraft PSUs to environmental controls to airborne missile
components. Capabilities include multi-disciplined design
engineering and qualification, as well as highly integrated
manufacturing operations providing custom-injection molding,
die-casting, CNC machining, NADCAP-accredited
bonding/chemical/finishing processes, integrated assembly and
testing. Learn more about Astronics PECO offerings at
Astronics.com.
About Astronics
Corporation
Astronics Corporation (NASDAQ:ATRO) is a leading supplier of
advanced technologies and products to the global aerospace, defense
and semiconductor industries. Astronics’ products and services
include advanced, high-performance electrical power generation and
distribution systems, seat motion solutions, lighting and safety
systems, avionics products, aircraft structures, systems
certification and automated test systems. Astronics’ strategy is to
increase its value by developing technologies and capabilities,
either internally or through acquisition, and using those
capabilities to provide innovative solutions to its targeted
markets and other markets where its technology can be beneficial.
Through its wholly owned subsidiaries, Astronics has a reputation
for high-quality designs, exceptional responsiveness, strong brand
recognition and best-in-class manufacturing practices. The Company
routinely posts news and other important information on its website
at www.astronics.com.
For more information on Astronics and its products, visit
www.astronics.com.
Safe Harbor Statement
This news 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
expressions. Because such statements apply to future events, they
are subject to risks and uncertainties that could cause actual
results to differ materially from those contemplated by the
statements. Important factors that could cause actual results to
differ materially from what may be stated here include the state of
the aerospace, defense, consumer electronics and semiconductor
industries, the market acceptance of newly developed products,
internal production capabilities, the timing of orders received,
the status of customer certification processes and delivery
schedules, the demand for and market acceptance of new or existing
aircraft which contain the Company’s products, the need for new and
advanced test and simulation equipment, 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 news
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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version on businesswire.com: http://www.businesswire.com/news/home/20170808005225/en/
Company:Nick Stevenson, 503-387-6433Business Segment
Managernick.stevenson@astronics.comorInvestors:Kei Advisors
LLCDeborah K. Pawlowski, 716-843-3908dpawlowski@keiadvisors.com
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