Astronics announces acquisition of AeroSat

Astronics Corporation, a leading provider of advanced technologies for the global aerospace and defense industries, has acquired certain assets and liabilities from AeroSat Corporation, a supplier of aircraft antenna systems, for $12m in cash, plus the potential for an earn out. Astronics expects the earnout will be between $5 and $20m. AeroSat designs and manufactures fuselage and tail-mounted antenna systems for commercial transport, business jet, and military aircraft customers around the world. Its antenna systems are typically used to enable satellite and ground-based communication to aircraft, commonly for broadband and TV applications. AeroSat is currently involved in a range of FAA certification efforts with Gogo Inc. for Ku Band send/receive satellite antennas intended for Gogo’s international airline customers.