Astronics Corp. acquires Max-Viz, provider of enhanced vision systems

EAST AURORA, N.Y., 1 Aug. 2012. Astronics Corp. (NASDAQ:ATRO), a provider of advanced technologies for the global aerospace and defense industries, has acquired privately-held Max-Viz Inc., a developer and designer of enhanced vision systems (EVS) for fixed- and rotary-wing aircraft through OEM and aftermarket channels in the general aviation and commercial and military aerospace markets, for $10 million in cash.

Max-Viz’s EVS product line fuses infrared and visible imagery, allowing real-time display to pilots for increased visibility in adverse weather conditions, such as darkness, precipitation, fog, dust, and smoke. Founded in 2001 in Portland, Ore., Max-Viz achieved 2011 revenue of $5.4 million and a backlog of $3 million at the end of 2011; company officials project a 2012 full-year revenue in the range of $7 million to $8 million.

“They are a leading provider of EVS technology having earned FAA certification for installation on more than 200 different fixed-wing and rotary-wing aircraft models across various manufacturers. We expect that Max-Viz will continue its growth through innovation, quality and its solid pipeline of opportunities,” says Peter J. Gundermann, President and CEO of Astronics.

Additional purchase consideration of up to $8 million may be paid by Astronics if Max-Viz achieves certain revenue targets in 2013, 2014, and 2015.

 

Easily post a comment below using your Linkedin, Twitter, Google or Facebook account.


The Innovation That Matters™ Quiz

Innovation is one of the key drivers in the Defense industry. View this short video of Leon Woo, VP of Engineering at Mercury Systems, on the role of innovation. Then, answer 3 simple questions correctly to be entered into a drawing to win an Eddie Bauer fleece jacket!

CONGRATULATIONS TO OUR TWO MOST RECENT WINNERS. "Nick from SPARWAR" and "Bridget from AOC."


Featured Slideshow

Evolution of the American soldier

The American soldier has come a long way since the beginning of the Republic 237 years ago. While uniforms for early soldiers were based on cost and utility, soldiers' clothing eventually considered ballistic protection, increasing storage space, protection from poison gas and other contaminants.

Wire News provided by   

Most Popular Articles

Webcasts

On Demand Webcasts

Engineering the VPX high-speed data path for physical and signal integrity

Join Arrow Electronics and TE Connectivity, for an overview webinar of the standards, technologies and trends involving VITA and TE.

Design Strategy Considerations for DO-178C Certified Multi-core Systems

Join Wind River to learn how system architecture and design choices can minimize your DO-178C certification challenges.

Sponsored by:

Flying, Sailing or Driving - The Rugged, Embedded Intel-based Server that goes where you need it!Flying Sailing or Driving

Leveraging the power of server-class processors is no longer relegated to the confines of data centers. Through several innovations, Mercury Systems has ruggedized Intel’s server-class chips for deployment. ...
Sponsored by:

social activity

All Access Sponsors


Mil & Aero Magazine

February 2014
Volume 25, Issue 2
file

Download Our Apps



iPhone

iPad

Android

Follow Us On...



Newsletters

Military & Aerospace Electronics

Weekly newsletter covering technical content, breaking news and product information
SUBSCRIBE

Defense Executive

Monthly newsletter covering business news and strategic insights for executive managers
SUBSCRIBE

Embedded Computing Report

Monthly newsletter covering news on embedded computing in aerospace, defense and industrial-rugged applications
SUBSCRIBE

Unmanned Vehicles

Monthly newsletter covering news updates for designers of unmanned vehicles
SUBSCRIBE