Astronics completes acquisition of EADS North America Test and Services division

Astronics Corporation, a leading provider of advanced technologies for the global aerospace and defense industries, completed on February 28th, 2014, the acquisition of substantially all of the assets and liabilities of EADS North America’s Test and Services division (EADS T&S) for approximately $53m in cash plus a preliminary net working capital adjustment of $17m. EADS T&S will be reported in Astronics’ Test Systems segment. Astronics had previously announced that it entered into a definitive agreement to acquire EADS T&S on January 21, 2014.