Astronics Corporation acquires Enhanced Vision Systems provider Max-Viz

Astronics Corporation, a leading provider of advanced technologies for the global aerospace and defense industries, has acquired privately-held Max-Viz, Inc. (“Max-Viz”), a market-leading developer and designer of Enhanced Vision Systems (EVS) for fixed and rotary wing aircraft through both OEM and aftermarket channels in the general aviation, commercial and military aerospace markets for $10m in cash. Additional purchase consideration of up to $8.0m may be paid by Astronics if Max-Viz achieves certain revenue targets in 2013, 2014 and 2015.