Story ID: AN2070712alerts
Astronics Buys Max-Viz for $10M
By: Chad Trautvetter
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Word Count: 78
Astronics acquired Portland, Ore.-based Max-Viz, a developer and designer of enhanced vision systems for fixed- and rotary-wing aircraft, for $10 million in cash last week. The ultimate price could rise to $18 million, if certain revenue targets are met over the next three years. Max-Viz enhanced vision systems are certified for installation on more than 20 business aircraft types, as well as more than a dozen turbine helicopters. The company also holds similar certifications for multiple piston aircraft.