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Astronics Corporation (symbol: ATRO) is a leading provider of advanced technologies for the aerospace, defense, and electronics industries. With a commitment to keeping people safe, comfortable, and connected, Astronics delivers innovative solutions that power mission-critical systems across various sectors.
Through its diverse subsidiaries, including Astronics Advanced Electronic Systems, Astronics AeroSat, and Astronics Luminescent Systems, the company offers an array of products and services encompassing power, connectivity, lighting, structures, interiors, and testing technologies. Whether it's enhancing the efficiency of commercial aircraft, advancing defense systems, or integrating smart technology into everyday devices, Astronics plays a pivotal role.
The company operates through two main segments: Aerospace and Test Systems. The Aerospace segment, which is the primary revenue driver, caters to military, commercial transport, and general aviation markets. The Test Systems segment serves aerospace, defense, and semiconductor markets, ensuring high-quality and reliable performance through rigorous testing protocols.
Recent achievements highlight Astronics’ ongoing commitment to innovation and partnership. Collaborating closely with customers, the company has developed creative, integrated solutions to address complex challenges. Astronics' expertise in engineering and technology is exemplified by its contributions to commercial air travel, defense systems, and consumer electronics.
Financially, Astronics continues to exhibit strong performance, with the majority of its revenue generated from the Aerospace segment and predominantly sourced from the United States. The company's robust financial health supports its ongoing research and development initiatives, paving the way for future growth and expansion.
Stay updated on Astronics Corporation’s latest developments, projects, and financial news through our regularly updated news section. Explore how Astronics’ cutting-edge technologies are shaping the future of aerospace and defense industries. Learn more at www.astronics.com.
Astronics (Nasdaq: ATRO) announced contracts valued up to $75 million over the next 3 to 5 years for their Dual-Modem Modem Manager (ADMM). The ADMM enhances inflight entertainment and connectivity by managing communication between satellite and cabin wireless access points, ensuring reliable IP communications for passengers, crew, and operations personnel.
The ADMM supports multi-orbit, multi-band capabilities and is adaptable to various satellite networks, offering flexibility for Managed Service Providers, airlines, and OEMs. Its modem-agnostic design is customizable to operator needs, supporting both Ku and Ka satellites. Astronics has over 5,000 aircraft equipped with their inflight entertainment and connectivity hardware globally.
Astronics (Nasdaq: ATRO) reported strong first quarter financial results for 2024, with sales growing by 18% to $185.1 million. Operating income was $1.7 million, adjusted EBITDA was $19.1 million, maintaining a record backlog of $612.5 million. Aerospace segment showed significant growth, with bookings of $205.3 million. The Company expects continued growth in 2024.
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