Astronics, a key supplier of aircraft passenger seat power and other products to the aerospace and defense (A&D) industries, closed on its sale of its semiconductor business unit, largely exiting that business. But the deal’s terms were revised downward, the company acknowledged. Astronics sold the intellectual property and certain assets associated with its semiconductor test product line to Advantest Corp., but the new terms include an upfront payment of $100 million in cash, ...

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