An acoustic transducer includes a housing, which may be a circular cylinder or may have a rectangular cross-section. Two permanent magnets that closely fit the inside of the housing are joined by a linkage having a high magnetic permeability to form a piston that is inserted into the housing. Two pole coils surround the housing with each coil adjacent one of the permanent magnets. The coils are arranged to cause the piston to oscillate within the housing and emit sound waves when coupled to an electrical signal. One end of the housing may be closed except for a barometric leak. A third permanent magnet or a spring may provide a restoring force that centers the piston between the coils when the piston is not subjected to other forces. One of the permanent magnets on the piston may include a vent passage.