Astronics Wins Contract from US Air Force to Improve Airfield Lighting
Aug 29, 2011 Astronics DME Corporation has reported on August 25 that it was awarded an Indefinite Delivery/Indefinite Quantity (ID/IQ) contract to provide LED airfield lighting for the U.S. Air Force, with a maximum value of $7.4 million. The five-year contract will replace taxiway lighting fixtures at Air Force bases in the continental U.S., Alaska, and Hawaii.
The Air Force intends to release specific delivery orders under the ID/IQ contract over the course of the contract. An initial release for 600 fixtures, with a value of $72,000, was awarded to Astronics DME, with work to begin immediately.
"This LED lighting technology provides the Air Force with a product that offers energy savings and lowers life-cycle costs, and this contract is a great win for us," noted Peter Gundermann, President and CEO of Astronics Corporation.
"We believe we are well positioned to compete successfully for future orders under this contract," added Mr. Gundermann. "We also expect that other airfield lighting, specifically runways, will eventually move to LED technology - and that represents an even larger opportunity for us."
Official press release: http://phx.corporate-ir.net/phoenix.zhtml?c=89434&p=irol-newsArticle&ID=1600306&highlight=
Author: Alice Jones
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