Exhibit 99.1   NEWS RELEASE

Astronics Corporation • 130 Commerce Way • East Aurora, NY • 14052-2164

For more information contact:
Company:	Investor Relations:
David C. Burney, Chief Financial Officer	Deborah K. Pawlowski, Kei Advisors LLC
Phone: (716) 805-1599, ext. 159	Phone: (716) 843-3908
Email: david.burney@astronics.com	Email: dpawlowski@keiadvisors.com

FOR IMMEDIATE RELEASE

Astronics Corporation Reports Net Income Up 14.2%

in Second Quarter 2012

• Sales increased 17.2% in the quarter to $65.0 million

• Diluted earnings per share of $0.39, up 11% from prior year

• 2012 revenue guidance increased to $260 million to $275 million

• Record quarter for bookings of $77.2 million

EAST AURORA, NY August 7, 2012 – Astronics Corporation (NASDAQ: ATRO), a leader in advanced, high-performance lighting, electrical power and automated test systems for the global aerospace and defense industries, today reported financial results for the three and six months ended June 30, 2012.

	Three Months Ended									Six Months Ended
	June 30, 2012			July 2, 2011			% Change			June 30, 2012			July 2, 2011			% Change
Sales	$	64,989		$	55,475			17.2	%	$	130,127		$	110,603			17.7	%
Gross profit	$	17,054		$	14,386			18.5	%	$	35,174		$	28,892			21.7	%
Gross margin		26.2	%		25.9	%					27.0	%		26.1	%
SG&A	$	9,278		$	7,144			29.9	%	$	18,133		$	13,489			34.4	%
SG&A percent to sales		14.3	%		12.9	%					13.9	%		12.2	%
Income from Operations	$	7,776		$	7,242			7.4	%	$	17,041		$	15,403			10.6	%
Operating margin %		12.0	%		13.1	%					13.1	%		13.9	%
Net Income	$	5,194		$	4,548			14.2	%	$	11,289		$	9,757			15.7	%
Net Income %		8.0	%		8.2	%					8.7	%		8.8	%

Peter J. Gundermann, President and Chief Executive Officer, commented, “We had another very strong quarter with excellent sales, profits and new orders. Our market conditions remain strong and we received a record amount of new orders during the quarter totaling over $77 million. We are pleased with our progress during the first half of 2012 and expect strong conditions to prevail through the remainder of the year.”

-MORE-

Astronics Corporation Reports Net Income Up 14.2% in Second Quarter 2012

August 7, 2012

Consolidated Review

Sales in the second quarter of 2012 were $65.0 million, up $9.5 million, or 17.2%, from the prior year second quarter sales of $55.5 million. Aerospace sales, which represented 96% of total second quarter sales, increased 20.2% over the prior year period to $62.4 million. Test Systems sales decreased to $2.6 million for the second quarter 2012 compared with $3.5 million in last year’s second quarter.

Year-to-date sales in 2012 were $130.1 million, up $19.5 million, or 17.7%, from the prior year-to-date sales of $110.6 million. Aerospace sales increased 21.8% over the prior year-to-date period to $124.4 million. Test Systems year-to-date sales decreased to $5.7 million compared with $8.5 million in the prior year.

Consolidated operating margin in the 2012 second quarter was 12.0% compared with 13.1% in the prior year period. Year-to-date consolidated operating margin was 13.1% compared with 13.9% in the prior year period. Year-to-date and second quarter increases in engineering and development (E&D) costs, which are included in cost of products sold, offset leverage from increased aerospace sales. E&D costs were $11.1 million and $21.1 million in the 2012 second quarter and year-to-date periods, respectively, compared with $8.8 million and $17.1 million in the 2011 second quarter and year-to-date periods, respectively. E&D spending for 2012 is expected to be in the range of $40 million to $43 million.

Consolidated SG&A in the 2012 second quarter was $9.3 million increasing $2.2 million when compared with $7.1 million in the prior year second quarter. The increase was a result of the incremental SG&A costs associated with Ballard Technology (“Ballard”) which was acquired in November 2011, as well as increased compensation costs. Year-to-date consolidated SG&A was $18.1 million, increasing $4.6 million when compared with $13.5 million in the prior year period. The increase was due primarily to the incremental Ballard SG&A costs and increased compensation and legal costs.

Net income in the second quarter of 2012 was $5.2 million, or $0.39 per diluted share, compared with net income of $4.5 million, or $0.35 per diluted share, in the same period of last year. Year-to-date net income in 2012 was $11.3 million, or $0.86 per diluted share, compared with net income of $9.8 million, or $0.76 per diluted share, in the same period of last year. Earnings per share for the second quarter and year-to-date periods of 2011 have been restated to reflect the impact of the one-for-ten Class B stock distribution to shareholders of record on August 16, 2011.

Aerospace Segment Review (refer to sales by market and segment data in accompanying tables)

Second quarter 2012 aerospace sales increased 20.2% to $62.4 million compared with $51.9 million in the second quarter of 2011. Sales to the commercial transport market increased primarily on higher cabin electronics shipments as global demand for passenger power systems continues to be strong. Also contributing to the increase was the addition of Ballard’s avionics databus products as well as increased sales of aircraft lighting and airframe power products. Military sales increased due primarily to increased aircraft lighting sales and the addition of Ballard’s avionics databus military sales. Sales to the business jet market were up when compared with last year’s second quarter due to increased aircraft lighting sales.

Year-to-date sales in 2012 to the commercial transport market also increased primarily from increased cabin electronics sales, the addition of Ballard and higher demand for aircraft lighting and airframe power products. Military sales increased due to the addition of Ballard military sales offset partially by lower aircraft lighting and airframe power sales. Sales to the business jet market were up when compared with last year, due to increased aircraft lighting sales partially offset by lower airframe power sales.

-MORE-

Astronics Corporation Reports Net Income Up 14.2% in Second Quarter 2012

August 7, 2012

Aerospace operating profit for the second quarter of 2012 was $10.9 million, or 17.5% of sales, compared with $9.0 million, or 17.3% of sales, in the same period last year. Leverage from higher sales was partially offset by increased E&D costs and increased compensation costs.

Year-to-date 2012 Aerospace operating profit was $22.8 million, or 18.3% of sales, compared with $18.3 million, or 17.9% of sales, in the same period last year. The increase in year-to-date operating profit was due to leverage from the higher sales partially offset by increased E&D costs combined with higher legal and compensation costs.

Bookings during the second quarter and first half of 2012 were $75.7 million and $134.2 million, respectively, compared with bookings of $55.0 million and $103.7 million in the second quarter and year-to-date periods of 2011, respectively. Backlog at the end of the second quarter was $107.7 million.

Test Systems Segment Review (refer to sales by market and segment data in accompanying tables)

Sales in the 2012 second quarter decreased to $2.6 million when compared with $3.5 million for the same period in 2011. Year-to-date sales in 2012 decreased to $5.7 million when compared with $8.5 million for the same period in 2011.

Test Systems operating loss for the second quarter of 2012 was $1.3 million compared with a loss of $0.5 million in the same period last year. The year-to-date operating loss was $2.4 million compared with a loss of $0.5 million in the same period last year.

Bookings during the second quarter and year-to-date periods were $1.5 million and $3.8 million, respectively. Backlog at the end of the second quarter was $6.5 million.

Balance Sheet

Cash at the end of the 2012 second quarter declined by $2.7 million to $8.2 million compared with $10.9 million at December 31, 2011, primarily as a result of the early extinguishment in January 2012 of a $5.0 million, 6% subordinated note and an increased investment in net working capital assets.

Capital expenditures during the second quarter and first half of 2012 were $2.8 million and $4.5 million, respectively, compared with $6.2 million and $7.0 million for the same periods in 2011, respectively.

The Company expects capital spending in 2012 to be approximately $18 million to $20 million.

Outlook

On June 30, 2012 backlog was $114.2 million, up from backlog of $102.0 million at the end of the trailing first quarter of 2012 and slightly improved over backlog of $102.1 million at the end of the second quarter of 2011. Approximately $82 million of this backlog is expected to ship by the end of 2012 and $96 million is expected to ship over the next four quarters.

Mr. Gundermann concluded, “We began the year with top line expectations of $235 million to $250 million in sales, which we revised upward in May to $250 million to $265 million. Now, based on strong bookings and our recent acquisition of Max-Viz, we are increasing our expected sales range for 2012 to $260 million to $275 million.”

Astronics anticipates that approximately $250 million to $264 million of forecasted 2012 revenue will be from its Aerospace segment, while approximately $10 million to $11 million of the forecasted revenue will be from its Test Systems segment.

-MORE-

Astronics Corporation Reports Net Income Up 14.2% in Second Quarter 2012

August 7, 2012

Second Quarter and Year to Date 2012 Webcast and Conference Call

The Company will host a teleconference at 11:30 AM ET on Tuesday, August 7, 2012. During the teleconference, Peter J. Gundermann, President and CEO, and David C. Burney, Executive Vice President and CFO, will review the financial and operating results for the period and discuss Astronics’ corporate strategy and outlook. A question-and-answer session will follow.

The Astronics conference call can be accessed by calling (201) 689-8562. The listen-only audio webcast can be monitored at www.astronics.com. To listen to the archived call, dial (858) 384-5517 and enter conference ID number 396116. The telephonic replay will be available from 2:30 p.m. on the day of the call through Tuesday, August 14, 2012. A transcript will also be posted to the Company’s Web site, once available.

ABOUT ASTRONICS CORPORATION

Astronics Corporation is a leader in advanced, high-performance lighting, electrical power and automated test systems for the global aerospace and defense industries. Astronics’ strategy is to develop and maintain positions of technical leadership in its chosen aerospace and defense markets, to leverage those positions to grow the amount of content and volume of product it sells to those markets and to selectively acquire businesses with similar technical capabilities that could benefit from our leadership position and strategic direction. Astronics Corporation, and its wholly-owned subsidiaries, Astronics Advanced Electronic Systems Corp., Ballard Technology, Inc., DME Corporation and Luminescent Systems Inc., have a reputation for high-quality designs, exceptional responsiveness, strong brand recognition and best-in-class manufacturing practices. The Company routinely posts news and other important information on its Web site at www.astronics.com.

For more information on Astronics and its products, visit its Web site at www.astronics.com.

Safe Harbor Statement

This news release contains forward-looking statements as defined by the Securities Exchange Act of 1934. One can identify these forward-looking statements by the use of the words “expect,” “anticipate,” “plan,” “may,” “will,” “estimate” or other similar expressions. Because such statements apply to future events, they are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated by the statements. Important factors that could cause actual results to differ materially include the state of the aerospace and defense industries, the market acceptance of newly developed products, internal production capabilities, the timing of orders received, the status of customer certification processes, the demand for and market acceptance of new or existing aircraft which contain the Company’s products, customer preferences, and other factors which are described in filings by Astronics with the Securities and Exchange Commission. The Company assumes no obligation to update forward-looking information in this news release whether to reflect changed assumptions, the occurrence of unanticipated events or changes in future operating results, financial conditions or prospects, or otherwise.

FINANCIAL TABLES FOLLOW

-MORE-

Astronics Corporation Reports Net Income Up 14.2% in Second Quarter 2012

August 7, 2012

ASTRONICS CORPORATION

CONSOLIDATED INCOME STATEMENT DATA

(Unaudited, $ in thousands except per share data)

	Three Months Ended						Six Months Ended
	6/30/2012			7/2/2011			6/30/2012			7/2/2011
Sales	$	64,989		$	55,475		$	130,127		$	110,603
Cost of products sold		47,935			41,089			94,953			81,711
Gross profit		17,054			14,386			35,174			28,892
Gross margin		26.2	%		25.9	%		27.0	%		26.1	%
Selling, general and administrative		9,278			7,144			18,133			13,489
SG&A % of Sales		14.3	%		12.9	%		13.9	%		12.2	%
Income from operations		7,776			7,242			17,041			15,403
Operating margin		12.0	%		13.1	%		13.1	%		13.9	%
Interest expense, net		266			534			529			1,071
Income before tax		7,510			6,708			16,512			14,332
Income tax expense		2,316			2,160			5,223			4,575
Net Income	$	5,194		$	4,548		$	11,289		$	9,757
Net income % of Sales		8.0	%		8.2	%		8.7	%		8.8	%
*Basic earnings per share:	$	0.42		$	0.37		$	0.91		$	0.81
*Diluted earnings per share:	$	0.39		$	0.35		$	0.86		$	0.76
*Weighted average diluted shares outstanding (in thousands)		13,162			12,873			13,138			12,832
Capital Expenditures	$	2,831		$	6,225		$	4,496		$	6,979
Depreciation and Amortization	$	1,384		$	1,204		$	2,831		$	2,394

* All share quantities and per share data reported for 2011 has been restated to reflect the impact of the one-for-ten Class B stock distribution to shareholders of record on August 16, 2011.

-MORE-

Astronics Corporation Reports Net Income Up 14.2% in Second Quarter 2012

August 7, 2012

ASTRONICS CORPORATION

CONSOLIDATED BALANCE SHEET DATA

( in thousands)

	6/30/2012		12/31/2011
	(Unaudited)
ASSETS:
Cash and cash equivalents	$	8,168	$	10,919
Accounts receivable		43,536		35,669
Inventories		44,572		40,094
Other current assets		5,567		5,628
Property, plant and equipment, net		43,562		41,122
Deferred taxes long-term		8,886		7,039
Other long-term assets		2,749		3,249
Intangible assets, net		13,347		14,000
Goodwill		17,185		17,185
Total Assets	$	187,572	$	174,905
LIABILITIES AND SHAREHOLDERS’ EQUITY:
Current maturities of long term debt	$	5,273	$	5,290
Accounts payable and accrued expenses		33,752		28,187
Long-term debt		20,484		27,973
Other liabilities		16,437		10,592
Shareholders’ equity		111,626		102,863
Total Liabilities and Shareholders’ Equity	$	187,572	$	174,905

ASTRONICS CORPORATION

SEGMENT DATA

(Unaudited, $ in thousands)

	Three Months Ended						Six Months Ended
	6/30/2012			7/2/2011			6/30/2012			7/2/2011
Sales
Aerospace	$	62,423		$	51,942		$	124,424		$	102,141
Test Systems		2,566			3,533			5,703			8,462
Total Sales		64,989			55,475			130,127			110,603
Operating Profit and Margins
Aerospace		10,903			9,011			22,781			18,330
		17.5	%		17.3	%		18.3	%		17.9	%
Test Systems		(1,318	)		(545	)		(2,393	)		(528	)
		(51.4	)%		(15.4	)%		(42.0	)%		(6.2	)%
Total Operating Profit		9,585			8,466			20,388			17,802
Interest Expense		266			534			529			1,071
Corporate Expenses and Other		1,809			1,224			3,347			2,399
Income Before Taxes	$	7,510		$	6,708		$	16,512		$	14,332

-MORE-

Astronics Corporation Reports Net Income Up 14.2% in Second Quarter 2012

August 7, 2012

ASTRONICS CORPORATION

SALES BY MARKET

(Unaudited, $ in thousands)

	Three Months Ended							Six Months Ended							2012
	6/30/2012		7/2/2011		% change			6/30/2012		7/2/2011		% change			YTD %
Aerospace Segment
Commercial Transport	$	41,179	$	34,271		20.2	%	$	85,287	$	67,196		26.9	%		65.5	%
Military		10,162		7,919		28.3	%		19,081		17,179		11.1	%		14.7	%
Business Jet		8,283		7,426		11.5	%		14,937		14,063		6.2	%		11.5	%
FAA/Airport		2,799		2,326		20.3	%		5,119		3,703		38.2	%		3.9	%
Aerospace Total		62,423		51,942		20.2	%		124,424		102,141		21.8	%		95.6	%
Test Systems Segment
Military		2,566		3,533		(27.4	)%		5,703		8,462		(32.6	)%		4.4	%
Total	$	64,989	$	55,475		17.2	%	$	130,127	$	110,603		17.7	%		100.0	%

ASTRONICS CORPORATION

SALES BY PRODUCT

(Unaudited, $ in thousands)

	Three Months Ended							Six Months Ended							2012
	6/30/2012		7/2/2011		% change			6/30/2012		7/2/2011		% change			YTD %
Aerospace Segment
Cabin Electronics	$	31,215	$	26,874		16.2	%	$	66,254	$	52,949		25.1	%		50.9	%
Aircraft Lighting		20,311		17,549		15.7	%		37,299		35,720		4.4	%		28.8	%
Airframe Power		5,183		5,193		(0.2	)%		9,712		9,769		(0.6	)%		7.5	%
Airfield Lighting		2,799		2,326		20.3	%		5,119		3,703		38.2	%		3.8	%
Avionics Databus		2,915		—		100.0	%		6,040		—		100.0	%		4.6	%
Aerospace Total		62,423		51,942		20.2	%		124,424		102,141		21.8	%		95.6	%
Test Systems Segment		2,566		3,533		(27.4	)%		5,703		8,462		(32.6	)%		4.4	%
Total	$	64,989	$	55,475		17.2	%	$	130,127	$	110,603		17.7	%		100.0	%

-MORE-

Astronics Corporation Reports Net Income Up 14.2% in Second Quarter 2012

August 7, 2012

ASTRONICS CORPORATION

ORDER AND BACKLOG TREND

(Unaudited, $ in thousands)

	Q3 2011		Q4 2011		Q1 2012		Q2 2012		Trailing Twelve Months
	10/1/2011		12/31/2011		3/31/2012		6/30/2012		6/30/2012
Sales
Aerospace	$	53,509	$	58,224	$	62,001	$	62,423	$	236,157
Test Systems		2,895		2,932		3,137		2,566		11,530
Total Sales	$	56,404	$	61,156	$	65,138	$	64,989	$	247,687
Bookings
Aerospace	$	61,718	$	54,048	$	58,567	$	75,654	$	249,987
Test Systems		2,761		2,506		2,272		1,526		9,065
Total Bookings	$	64,479	$	56,554	$	60,839	$	77,180	$	259,052
Backlog
Aerospace	$	101,352	$	97,903	$	94,468	$	107,699		N/A
Test Systems		8,835		8,409		7,544		6,504		N/A
Total Backlog	$	110,187	$	106,312	$	102,012	$	114,203		N/A
Book:Bill Ratio
Aerospace		1.15		0.93		0.94		1.21		1.06
Test Systems		0.95		0.85		0.72		0.59		0.79
Total Book:Bill		1.14		0.92		0.93		1.19		1.05

- END -