Market Overview

Astronics CSC Appoints HAECO as its Exclusive Component Services Provider in Asia Pacific for IFEC Products

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The partnership will provide a regional component service and
repair center to support inflight connectivity products for Asia Pacific
airline customers

Astronics
Corporation
(NASDAQ:ATRO), a leading provider of advanced
technologies for the global aerospace, defense, and semiconductor
industries, announced today that its wholly owned subsidiary Astronics
Connectivity Systems and Certification
has entered into a long-term
agreement with Hong Kong Aircraft Engineering Company Limited (HAECO
Group). Under the agreement, the two companies will establish a service
center to provide Astronics and its airline customers with Line
Replaceable Unit (LRU) services in China and Asia Pacific.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180904005100/en/

Astronics CSC is working with HAECO to establish a service center to support Asia-based customers. ( ...

Astronics CSC is working with HAECO to establish a service center to support Asia-based customers. (Photo: Business Wire)

In accordance with the agreement, HAECO Group subsidiary HAECO Component
Overhaul (Xiamen) Ltd. will establish a fulfilment center to provide
specialized engineering and component services, including test,
maintenance and repair of Astronics
CSC's Summit™ inflight connectivity LRUs.
HAECO Component Overhaul
(Xiamen) offers extensive experience as the authorized repair center for
a wide range of component OEMs, with a proven track record of serving
component repair needs of airlines in the region.

Astronics CSC selected HAECO Group for this partnership because of the
company's comprehensive aircraft engineering and maintenance operations
in the Asia Pacific region. "As our Summit line of IFEC products
experiences increasing demand in the Asia Pacific and China markets, we
sought a partnership to enable a regional component service and repair
center to deliver localized support for these customers," said Michael
Kuehn, President of Astronics CSC. "We're happy to announce the
appointment of HAECO and look forward to continuing to strengthen this
relationship."

Clement Au, General Manager of HAECO Component Overhaul (Xiamen), said,
"We are excited to begin a business partnership with Astronics CSC. With
our combined technical expertise and vast experience, we are confident
that the Component Services Centre will provide reliable, high quality
in-flight entertainment and connectivity (IFEC) product maintenance
services to airlines in the Asia Pacific region."

Astronics Connectivity Systems and Certification serves as the
experienced, global market leader for in-flight entertainment and
connectivity (IFEC) solutions for aircraft. The Company specializes in
connectivity hardware, integration engineering, and certification
services. Together with other Astronics subsidiaries, Astronics CSC
offers the most complete set of IFEC hardware solutions available from a
single vendor.

About Hong Kong Aircraft Engineering Company Limited ("HAECO")

The HAECO Group is one of the world's leading aircraft engineering and
maintenance service providers. The Group provides a comprehensive range
of services encompassing Airframe Services, Line Services, Cabin
Solutions, Private Jet Solutions, Fleet Technical Management, Inventory
Technical Management, Component Overhaul, Aerostructure Repairs, Landing
Gear Services, Engine Services, Parts Manufacturing and Technical
Training. The HAECO Group consists of 17 subsidiaries and affiliates,
employing around 17,000 staff in Hong Kong, Mainland China, Singapore
and the United States. The HAECO Group is publicly listed on the Hong
Kong Stock Exchange (stock code: 00044).

For more information on HAECO Group, visit www.haeco.com

About Astronics Corporation

Astronics Corporation (NASDAQ:ATRO) serves the world's aerospace,
defense and semiconductor industries with proven, innovative technology
solutions. Astronics works side-by-side with customers, integrating its
array of power, connectivity, lighting, structures, interiors, and test
technologies to solve complex challenges. For 50 years, Astronics has
delivered creative, customer-focused solutions with exceptional
responsiveness. Today, global airframe manufacturers, airlines, military
branches, completion centers and Fortune 500 companies rely on the
collaborative spirit and innovation of Astronics.

For more information on Astronics and its solutions, visit Astronics.com.

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