Astronics Corporation is a supplier of advanced technologies and products serving the global aerospace, defense, and other mission-critical industries. They provide a range of products, including electrical power generation and distribution systems, lighting and safety systems, avionics products, and aircraft structures. Recently, Astronics has been selected to provide the Frequency Converter Unit (FCU) for the NASA and Boeing Transonic Truss-Braced Wing (TTBW) X-66 aircraft demonstrator. They partner with major players like Boeing and NASA, and their products support both commercial and defense markets.
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The acquisition strengthens Astronics Corporation's presence in the aerospace sector and mission-critical technologies.
Astronics Corporation acquired Bühler Motor Aviation (BMA), a German company specializing in actuation systems for aircraft seats.
The acquisition of BMA by Astronics Corporation was an all-cash deal.
Astronics Corporation has been awarded the production contract for the U.S. Army Radio Test Set TS-4549/T.
Astronics Corporation expects the TS-4549/T effort to generate approximately $10,000,000 to $12,000,000 in revenue in 2024.
Astronics Corporation expects approximately $5,000,000 to $7,000,000 of the 2024 revenue from the TS-4549/T effort to be recognized in the second quarter of 2024.
Astronics Corporation (Nasdaq: ATRO) launched the Typhon T-400 Series SATCOM connectivity system.
Astronics Corporation will work with the U.S. Army to finalize contract terms for the TS-4549/T program and expects to issue further information as available.
Astronics Corporation has been selected by the U.S. Army to develop the Radio Test Set TS-4549/T.