8063--3/11/2009--ASTRONICS

related topics

{product, market, service}

{customer, product, revenue}

{regulation, government, change}

{product, liability, claim}

{operation, natural, condition}

{cost, contract, operation}

{operation, international, foreign}

{property, intellectual, protect}

{personnel, key, retain}

{tax, income, asset}

{condition, economic, financial}

{loss, insurance, financial}

Our products are sold in highly competitive markets. The loss of Panasonic Avionics Corporation as a major customer or a significant reduction in sales to Panasonic would reduce our sales and earnings. Our future success depends to a significant degree upon the continued contributions of our management team and technical personnel. Future terror attacks, war, or other civil disturbances could negatively impact our business. If we are unable to adapt to technological change, demand for our products may be reduced. Our new product development efforts may not be successful, which would result in a reduction in our sales and earnings. If our subcontractors or suppliers fail to perform their contractual obligations, our prime contract performance and our ability to obtain future business could be materially and adversely impacted. Our results of operations are affected by our fixed-price contracts, which could subject us to losses in the event that we have cost overruns. Some of our contracts contain late delivery penalties. The failure of our products may damage our reputation, necessitate a product recall or result in claims against us that exceed our insurance coverage, thereby requiring us to pay significant damages. Our facilities could be damaged by catastrophes which could reduce our production capacity and result in a loss of customers. Contracting in the defense industry is subject to significant regulation, including rules related to bidding, billing and accounting kickbacks and false claims, and any non-compliance could subject us to fines and penalties or possible debarment. Changes in discount rates and other factors could affect our future earnings and equity. We are subject to financing and interest rate exposure risks that could adversely affect our business, liquidity and operating results. We are subject to the risk of loss resulting from our customers defaulting on their obligations to us. Our international operations pose currency and other risks that may adversely impact sales and earnings. We depend on government contracts and subcontracts with defense prime contractors and sub contractors that may not be fully funded, may be terminated, or may be awarded to our competitors . The failure to be awarded these contracts or failure to receive funding or the termination of one or more of these contracts could reduce our sales. Government regulations could limit our ability to sell our products outside the United States and otherwise adversely affect our business

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8063--3/11/2009--ASTRONICS_CORP