Astronics Awarded Additional Contracts for Night Vision Technology; Receives Additional Spares Contract for US F-16 Fleet; Awarded Developmental Contract for Foreign Fighter Fleet.Business Editors EAST AURORA, N.Y.--(BUSINESS WIRE)--July 16, 2003 Astronics Corporation (Nasdaq: ATRO ATRO Actual Time of Return to Operation ), a leader in advanced, complex lighting and electronics systems for the global aerospace industry, announced today that it has been awarded a follow-on contract from the U.S. government to supply spares and replacement parts for the F-16 night vision instrumentation program for which Astronics in recent years converted over 1,100 aircraft to night vision capability. It also announced a development contract for an undisclosed foreign government to upgrade the lighting systems of certain fighters in their military fleet for compatibility with night vision goggles goggles, n the protective eyewear worn by dental personnel and patients during dental procedures. goggles see periocular leukotrichia. . The follow-on spares contract with the U.S. government provides for Astronics to supply spare parts Spare parts, also referred to as Service Parts is a term used to indicate extra parts available and in proximity to the mechanical item, such as a automobile, boat, engine, for which they might be used. Spare parts are also called “spares. for certain critical components for up to ten years for the U.S. F-16 fleet, including such devices as cockpit control assemblies, avionics keyboards and indicator units. During the period 1999 through 2002, over 1,100 F-16 Fighting Falcons The F-16 Fighting Falcon is an American multirole jet fighter aircraft developed by General Dynamics and Lockheed Martin for the United States Air Force. Designed as a lightweight fighter, it evolved into a successful multirole aircraft. were converted with Astronics' lighting systems to allow for the use of night vision goggles in the aircraft. The conversion provides for the lighting systems to emit minimal amounts of infrared energy and requires significant modification or replacement of cockpit and external lighting by Astronics' products, the leading technology for this type of application. The spares contract value will depend on component failure rates experienced by the U.S. Air Force. It is expected to exceed $3 million over the contract period. This contract is in addition to the F-16 spares contract valued at an estimated $30 million over a ten-year period that was announced January 22, 2002. Astronics was also recently awarded a developmental contract with an undisclosed foreign military to provide the night vision instrumentation systems (NVIS NVIS Near Vertical Incidence Skywave NVIS Night Vision Imaging System NVIS Night Vision Imaging Spectrometer NVIS Nuclear Verification Information System ) for its fleet of fighters. The award covers certain design and development activities and two initial ship sets of hardware. The contract is being administered through the U.S. government's foreign military sales That portion of United States security assistance authorized by the Foreign Assistance Act of 1961, as amended, and the Arms Export Control Act of 1976, as amended. This assistance differs from the Military Assistance Program and the International Military Education and Training Program program. It is expected that Astronics will be awarded production of hardware for the full complement of aircraft in the fleet once the initial development is complete. The value of the entire program is expected to be approximately $4.5 million and will be completed over approximately the next 24 months. James Kramer, Vice President of Astronics' Luminescent lu·mi·nes·cent adj. Capable of, suitable for, or exhibiting luminescence. [Latin l  men, l Systems operation, commented, "Clearly our expertise with adapting manned military equipment for the use of night vision goggles is recognized world wide. The success of the conversion of the U.S. F-16 fleet to night vision capability with our technology has provided us in-roads to many other fleets around the world, as well as to other applications such as in ground vehicles. With this technology and the incremental Additional or increased growth, bulk, quantity, number, or value; enlarged.Incremental cost is additional or increased cost of an item or service apart from its actual cost. technology we have developed through our experience with this program, we continue to uncover solid market opportunities, even in today's difficult market. We believe we have much opportunity to continue to apply and advance our technology, to expand the content we provide for every aircraft and to continue to develop new approaches with such aircraft as the Joint Strike Fighter A strike fighter is a fighter aircraft which is also capable of attacking surface targets, including ships. It differs from an attack aircraft in that the aircraft remains a capable fighter. and even still with the F-16, a versatile, multi-role fighter that continues to be in high demand around the world." Astronics Corporation is a manufacturer of specialized lighting, control systems and electronics for the cockpit, cabin and exteriors of military, commercial jet and private business jet and propeller propeller, device consisting of a hub with one or more blades that propels a craft to which it is attached by rotating its blades in a fluid such as air or water. aircraft. A major lighting and electronics supplier to the aircraft industry, its strategy is to increase the amount of lighting and electronic content Astronics supplies for each aircraft and to expand the fleet of aircraft type on which its technology is installed. Luminescent Systems Inc. is Astronics' primary operating subsidiary An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. which produces its aerospace and defense products. For more information on Astronics and its products, visit its website at www.Astronics.com. |
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