Astronics powers to ‘great year’

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At cabin electronics, avionics and airframe power components maker Astronics, aerospace segment sales for the year to end-December 2012 increased $19.2% to $255 million, driven primarily by increased sales of cabin electronics to the commercial market as well as the addition of acquired avionics products.

Chief executive Peter Gundermann described 2012 as "a great year for Astronics as we continued to grow both organically and through successful, growing acquisitions. We had record revenue and net income, and ended the year with a strong backlog to begin 2013."