Astronics Corporation Augments FAA Certification Services with Acquisition of Envoy Aerospace
1. Astronics acquires Envoy Aerospace for $8 million to enhance ODA services. 2. Acquisition boosts capabilities in aircraft connectivity and cabin modifications. 3. Envoy's experienced team strengthens Astronics' certification and approval processes. 4. Increased demand expected for aircraft modifications amid limited ODA services. 5. Strategic move aligns with Astronics' focus on inflight entertainment and connectivity.