Astronics Corporation reports net income up 87% in 2nd quarter

Astronics Corporation, aleader in advanced, high-performance lighting, electrical power and automated test systems for the global aerospace and defense industries, reported financial results. Sales in the second quarter of 2011 were $55.5 million, up $8.4 million, or 17.8%, from the prior year second quarter. Aerospace sales, which represented approximately 94% of total second quarter sales, increased 19.1% to $51.9 million over the prior year period. Net income in the second quarter of 2011 was $4.5 million compared with net income of $2.4 million in the same period of last year. Year-to-date net income for the first six months of 2011 was $9.8 million compared with net income of $5.8 million in the same period of last year.