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Astronics Secures New Inflight Connectivity Equipment Order from Collins Aerospace

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Astronics Corporation (NASDAQ: ATRO) has secured an $11 million order from Collins Aerospace for business jet connectivity equipment. This order follows previous contracts for inflight connectivity hardware, showcasing Astronics' commitment to enhancing connectivity solutions in the aerospace sector. Collins Aerospace's high-speed connectivity system has received positive customer feedback, supporting various remote services and entertainment options. Astronics aims to deliver best-in-class products to meet the increasing demand in the business jet market.

Positive
  • $11 million order from Collins Aerospace highlights strong demand.
  • Previous successful contracts indicate a solid relationship and trust in Astronics' technology.
  • Positive customer reviews for Collins Aerospace’s connectivity services suggest market potential.
Negative
  • None.

Astronics Corporation (NASDAQ: ATRO) (“Astronics” or the “Company”), a leading provider of advanced technologies for global aerospace, defense and other mission critical industries, announced today it was awarded an order of approximately $11 million from Collins Aerospace (“Collins”) for business jet connectivity equipment. The order is a follow on to previous orders for inflight connectivity (IFC) hardware that Astronics has been providing to Collins.

Tail-Mounted Connectivity Antenna (Photo: Business Wire)

Tail-Mounted Connectivity Antenna (Photo: Business Wire)

Astronics’ equipment supports the growing interest in the business jet connectivity services offered by Collins Aerospace. Having received many strong customer reviews, Collins’ system provides unparalleled high-speed world-wide connectivity that enables a broad variety of remote conferencing services as well as streaming entertainment.

“We are excited to extend and expand the relationship with Collins Aerospace to provide best-in-class connectivity equipment for their customers,” stated Michael Kuehn, Astronics CSC President. “We believe this order validates the success of Collins Aerospace connectivity services and the performance of Astronics connectivity hardware. Improved connectivity for the business jet market has become an imperative and we are committed to providing the best connectivity capability available for aircraft with our technologies.”

For more details on the T-311 hardware, visit Astronics.com.

About Astronics Corporation

Astronics Corporation (Nasdaq: ATRO) serves the world’s aerospace, defense, and other mission critical industries with proven, innovative technology solutions. Astronics works side-by-side with customers, integrating its array of power, connectivity, lighting, structures, interiors, and test technologies to solve complex challenges. For over 50 years, Astronics has delivered creative, customer-focused solutions with exceptional responsiveness. Today, global airframe manufacturers, airlines, militaries, completion centers and Fortune 500 companies rely on the collaborative spirit and innovation of Astronics. The Company’s strategy is to increase its value by developing technologies and capabilities that provide innovative solutions to its targeted markets.

For more information on Astronics and its solutions, visit 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 and include all statements with regard to the growth in demand for connectivity services in the business jet market, the performance of Astronics’ connectivity hardware and the success of the service it supports. 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

FAQ

What is the recent contract awarded to Astronics Corporation for?

Astronics Corporation was awarded an $11 million contract for business jet connectivity equipment from Collins Aerospace.

What does the recent order signify for Astronics Corporation?

The order signifies strong demand for connectivity solutions in the aerospace sector and validates Astronics' technology.

What is the stock symbol for Astronics Corporation?

The stock symbol for Astronics Corporation is ATRO.

What type of technology does Astronics provide for Collins Aerospace?

Astronics provides inflight connectivity hardware that enhances connectivity services for business jets.

How has customer feedback been for Collins Aerospace's connectivity system?

The connectivity system from Collins Aerospace has received strong positive feedback from customers.

Astronics Corp

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