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 (ATRO) delivers mission-critical technology solutions for aerospace, defense, and advanced test systems. This news hub provides investors and industry professionals with centralized access to official announcements, strategic developments, and operational updates directly from the company.
Find timely information on product innovations, contract awards, and financial performance, alongside analysis of Astronics' role in advancing aviation safety and defense capabilities. Our curated collection includes press releases covering system integrations, testing advancements, and partnerships shaping next-generation aerospace technologies.
This resource is designed to streamline your research with verified updates on Astronics' engineering achievements and market positioning. Bookmark this page to monitor how ATRO continues to address complex challenges in power management, connectivity solutions, and mission-critical system development.
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 A telephonic replay of the call will be available until May 13, 2021, and an archived version will be accessible on their investor relations website.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.
Astronics Corporation (Nasdaq: ATRO) is set to announce its fourth quarter and full year 2020 financial results on February 23, 2021, prior to market opening. The company will hold a conference call at 11:00 a.m. ET to review the results and discuss corporate strategies and future outlook. Investors can access the call via phone or webcast, and a replay will be available until March 2, 2021. Astronics specializes in innovative technology solutions for the aerospace and defense sectors, focusing on integrating power, connectivity, and other technologies to address complex challenges.
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.
Astronics Corporation (Nasdaq: ATRO) has secured a $20 million contract from Xenex Disinfection Services to manufacture LightStrike Germ-Zapping Robots. These robots utilize pulsed xenon UV light to effectively disinfect against SARS-CoV-2 in just two minutes. The partnership aims to increase manufacturing capacity to meet rising demand amid the ongoing COVID-19 pandemic. Both companies have highlighted their long-term collaboration and commitment to delivering advanced disinfection solutions across various industries, beyond just healthcare.
Astronics Corporation (Nasdaq: ATRO) reported challenging Q3 2020 results with revenue of $106.5 million, 40% lower than Q3 2019. The Company faced a net loss of $5.3 million and adjusted EBITDA of -$0.1 million. The pandemic continues to impact commercial aerospace markets, with a significant decline in orders, particularly related to the 737 MAX. However, defense markets remain stable. Astronics expects 2020 total sales to be approximately $500 million with a cash-positive outlook, primarily due to restructuring efforts and reduced costs.
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