Astronics has acquired the operating assets of Custom Control Concepts (CCC), which provides IFE and CMS technologies for private aircraft ranging from Boeing and Airbus types to other select fixed and rotary wing models. Since its foundation in 1998, CCC has completed more than 165 installations.
“We are pleased to have CCC join our company and contribute their capabilities, technologies and strong customer relationships,” said Peter Gundermann, president and CEO of Astronics.
“We are very familiar with the VVIP market through our PGA Avionics subsidiary, and, while current market conditions are challenging, we believe the cooperative pursuits of PGA and CCC working together will provide best-in-class technology and innovation to our customers. The addition of CCC furthers Astronics’ commitment to be the global leader in this market as it recovers in the coming years.”
Astronics does not expect 2017 earnings to be impacted “materially”.
April 11, 2017