astronics

Astronics Corporation has entered into a five-year $60 million committed revolving credit facility, which will replace its existing $25 million facility. The Company entered into the new credit facility with HSBC Bank USA, National Association, the lead bank, and Bank of America, N.A. and KeyBank as participating lenders. The expanded credit facility is committed through

Astronics Corporation reported sales of $41.1 million in the first quarter of 2008, which ended March 29, 2008, a 4.2% decrease compared with revenue of $42.9 million in the first quarter of 2007. Net income in the first quarter of 2008 was $2.6 million compared with $4.7 million in the same period the prior year.