SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (date of earliest event reported) November 1, 1996
ASTRONICS CORPORATION
_________________________________________________________________
(Exact Name of Registrant as Specified in Charter)
New York 0-7087 16-0959303
_________________________________________________________________
(State or Other (Commission (IRS Employer
Jurisdiction File Number) Identification
of Incorporation) No.)
1801 Elmwood Avenue, Buffalo, New York 14207
_________________________________________________________________
(Address of Principal Executive Offices (Zip
Code)
Registrant's telephone number, including area code (716) 447-9013
N/A
_________________________________________________________________
(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events.
On November 1, 1996, Astronics Corporation issued the
attached press release.
Item 7. Exhibits.
(i) Press release.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned hereunto duly authorized.
ASTRONICS CORPORATION
ASTRONICS CORPORATION
(Registrant)
Date: November 1, 1996 By:/s/ Kevin T. Keane
Kevin T. Keane
President and Chief
Executive Officer
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[PRESS RELEASE]
FOR IMMEDIATE RELEASE
Astronics Corporation
Announces the Divestiture of its Rodgard Division
BUFFALO, NY, NOVEMBER 1, 1996. . .Astronics Corporation (Nasdaq:
ATRO) today announced that it sold its Rodgard division to
Hutchinson Industries, Inc. of Trenton, NJ, in a cash transaction
for approximately $2,250,000.
Kevin T. Keane, President and Chief Executive Officer, stated
that "the sale of Rodgard completes the company's divestiture of
operations that are not directly related to its strategic focus
on the Specialized Packaging and Printing and Electronic System
businesses." Rodgard's sales for the first nine months of 1996
were approximately $1.5 million.
Mr. Keane further stated, "this divestiture is not expected to
have a material impact on our bottom line for the year. We will
use the cash generated by this sale to reduce our long-term
indebtedness."
Hutchinson Industries and its French parent, Hutchinson S.A., are
the world leaders in the runflat, tire insert business.
For further information, contact John M. Yessa, Vice President-
Finance, Astronics Corporation; (716) 447-9013, Ext. 439.
Astronics Corporation, 1801 Elmwood Avenue, Buffalo, NY 14207.
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