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Astronics Selected by U.S. Army for Radio Test Set Program
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Rhea-AI Summary
Astronics Corporation (NASDAQ: ATRO) has been selected by the U.S. Army as the down select winner for developing the TS-4549/T Radio Test Set, which will replace outdated GRM-122 radio test equipment for tactical radios. This Indefinite Delivery/Indefinite Quantity (ID/IQ) program is expected to yield deliverables over several years. The company plans to finalize contract terms with the Army and provide updates as information becomes available.
Positive
Selected by U.S. Army for TS-4549/T Radio Test Set development.
ID/IQ program with anticipated multi-year deliverables.
Negative
None.
EAST AURORA, N.Y.--(BUSINESS WIRE)--
Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense, and other mission critical industries, announced today that it has been selected by the U.S. Army as the down select winner for the development of its Radio Test Set referred to as TS-4549/T. This program will replace aging GRM-122 radio test equipment for tactical radios in the U.S. Army. It will be an ID/IQ program (Indefinite Delivery/Indefinite Quantity) with anticipated deliverables over multiple years.
Astronics will be working with the Army to finalize contract terms and expects to issue further information as available.
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.
What contract has Astronics Corporation secured with the U.S. Army?
Astronics Corporation has been selected as the down select winner for the development of the TS-4549/T Radio Test Set, aimed at replacing aging radio test equipment.
What is the significance of the ID/IQ program for Astronics Corporation?
The ID/IQ program indicates a commitment to provide deliverables over multiple years, potentially enhancing Astronics' revenue stream.
When will Astronics provide updates about the U.S. Army contract?
Astronics expects to issue further information as they finalize contract terms with the U.S. Army.
How does the new contract impact Astronics' stock symbol ATRO?
The contract with the U.S. Army may positively influence ATRO's stock performance by securing a long-term partnership and revenue potential.
