Thursday, February 25, 2016
Astronics Approves $50M Share Repurchase Program
Supplier of products to global aerospace, defense, consumer electronics and semiconductor industries Astronics Corp.'s board of directors has approved a share repurchase program, authorizing Astronics to repurchase in the aggregate up to $50 million of its outstanding common stock. Purchases by Astronics under this program may be made from time to time at prevailing market prices in open market purchases, privately negotiated transactions, block-purchase techniques or otherwise, as determined by Astronics’ management. The program has no time limit and may be discontinued at any time at the company’s discretion.