Astronics reports financial results
Lighting systems manufacturer Astronics has released 4Q and yearly financial results for 2010.
Sales in 4Q increased by 14 per cent on 4Q 2009. Aerospace sales totalled $47m, representing an increase of 29 per cent. Test systems sales dropped by almost $4m to $5m, compared with 4Q 2009. The yearly results for 2010 were up slightly on 2009, comprising a $24m, 15 per cent increase in aerospace sales and a test systems decline of $19m. Net income totalled $15m, compared with a net loss of $3.8m in 2009.
