Welcome to our dedicated page for Astronics news (Ticker: ATRO), a resource for investors and traders seeking the latest updates and insights on Astronics stock.
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 Corporation (Nasdaq: ATRO) will present at the Canaccord Genuity 41st Annual Growth Conference on August 12, 2021. The presentation, featuring Chairman and CEO Peter J. Gundermann and CFO David C. Burney, is scheduled for 4:00 p.m. Eastern Time. A live webcast will be accessible on the company's website, and an archive will be available for 90 days post-conference. Astronics specializes in advanced technology solutions for the aerospace and defense sectors, providing innovative solutions for over 50 years.
Astronics Corporation (Nasdaq: ATRO) will announce its second quarter 2021 financial results on August 6, 2021, before market opening. The company will conduct a conference call at 11:00 a.m. ET that same day, discussing financial and operational insights, along with corporate strategies and future outlook. Investors can join the call via phone or webcast, with a replay available until August 13, 2021. Astronics specializes in advanced technologies for aerospace and defense, focusing on customer-centric solutions to enhance value in mission-critical industries.
Astronics Corporation (Nasdaq: ATRO) has secured a $6 million contract from 3Oe Scientific Inc. to manufacture the Iggy™ hand rinsing device. This innovative device utilizes aqueous ozone, a natural disinfectant, to enhance hand hygiene without chemicals. Iggy™ effectively eliminates pathogens, including the coronavirus, with a 99.9% efficacy rate in 7 seconds. The initial order aims to supply devices to schools, with potential applications in healthcare and public health. Astronics emphasizes its commitment to supporting public health through this partnership.
Astronics Corporation (Nasdaq: ATRO) reported its Q1 2021 financial results, revealing revenues of $105.9 million, a 32.8% decline year-over-year. The company recorded a net loss of $11.9 million and an adjusted EBITDA loss of $0.5 million. Aerospace bookings increased by 36% sequentially, achieving a book-to-bill ratio of 1.23, signaling potential recovery as the pandemic eases. Commercial aerospace revenue was $38.2 million, while defense markets saw strong sales at $45.4 million. Liquidity remains stable with $173 million drawn on credit lines and compliance with debt covenants.
Astronics Corporation (Nasdaq: ATRO) is set to release its first quarter 2021 financial results before financial markets open on May 6, 2021. Following the results announcement, the company will host a conference call at 11:00 a.m. ET to discuss its financial and operational outcomes, along with corporate strategies and future outlook. A question-and-answer session will also take place. A telephonic replay of the call will be available until May 13, 2021, and an archived version will be accessible on their investor relations website.
Astronics Corporation (Nasdaq: ATRO) has announced its subsidiary, Astronics Test Systems (ATS), has approved Muirhead Avionics as an Approved Service Center for the CTS 6000 series communication test solutions. This partnership includes the CTS 6025 CSAR test set, enhancing calibration services across Europe and the Middle East. Jim Mulato, ATS President, expressed enthusiasm for this agreement, highlighting its importance for expanding customer support in these regions. Muirhead Avionics is a leading independent repair facility in Europe, specializing in avionics services backed by strong engineering support.
Astronics Corporation (NASDAQ: ATRO) announced that its subsidiary, PECO Inc., has been chosen by Raytheon Missiles & Defense to manufacture handgrip subassemblies for the upcoming lightweight command launch unit (CLU) for the Javelin missile.
This partnership highlights Astronics' long-standing collaboration with Raytheon and showcases the company’s expertise in advanced manufacturing processes.
The Javelin CLU will leverage new materials and enhanced manufacturing technologies, with production based in Clackamas, Oregon.
Astronics Corporation (ATRO) reported its financial results for Q4 and FY 2020, highlighting a challenging year due to the pandemic. Q4 revenue was $114.8 million, down 42.1% YoY, but up 7.8% sequentially. The company suffered a net loss of $20 million in Q4, leading to a total annual loss of $115.8 million. Bookings improved sequentially, with a book-to-bill ratio of 1.01:1, and backlog stands at $283.4 million. The firm remains optimistic about recovery in air travel demand driven by COVID-19 vaccines and better market conditions in 2021.
Astronics Corporation (Nasdaq: ATRO) has secured contracts with Boeing to provide CorePower® aircraft power distribution units and custom lighting for the MQ-25 unmanned aerial refueling program. The CorePower system offers enhanced reliability and reduced weight compared to traditional systems, essential for unmanned aircraft. These advancements support Boeing's efforts in the U.S. Navy's operational capability. CEO Pete Gundermann emphasized the importance of this technology for successful mission operations.
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