Articles from Astronics Corporation

Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense and other mission critical industries, announced its fourth quarter 2024 preliminary unaudited revenue was approximately $208 million to $210 million which was the upper end of the Company’s guidance range. At the midpoint of this announced range, preliminary revenue was up 7.0% over the prior-year period and up 2.6% over the trailing third quarter. Full year preliminary unaudited revenue for 2024 was approximately $796 million, up 15.5% over the prior year.

Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense, and other mission critical industries, announced today that Peter J. Gundermann, Chairman, President and Chief Executive Officer, and Nancy L. Hedges, Vice President and Chief Financial Officer, will host meetings and a presentation at two upcoming events: the CJS Securities 25th Annual "New Ideas for the New Year" virtual conference and the 27th Annual Needham Growth Conference.

Astronics Corporation (Nasdaq: ATRO), a leading supplier of advanced technologies and products to the global aerospace, defense, and other mission-critical industries, announced that Peter J. Gundermann, Chairman, President and Chief Executive Officer, David C. Burney, Executive Vice President and Chief Financial Officer, and Nancy L. Hedges, Controller and Principal Accounting Officer, will present and host investor meetings at the Sidoti Small Cap Virtual Conference on Wednesday, December 4, 2024.

Astronics Corporation (NASDAQATRO) (“Astronics” or the “Company”) today announced the pricing of $150 million aggregate principal amount of 5.500% convertible senior notes due 2030 (the “Notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Astronics also granted the initial purchasers of the Notes an option to purchase up to an additional $15 million aggregate principal amount of the Notes, for settlement within a 13-day period beginning on, and including, the first date on which the Notes are issued. The offering of the Notes is expected to close on December 3, 2024, subject to customary closing conditions.

Astronics Corporation (NASDAQATRO) (“Astronics” or the “Company”) today announced that it intends to offer, subject to market and other conditions, $150 million aggregate principal amount of convertible senior notes due 2030 (the “Notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Astronics also expects to grant to the initial purchasers of the Notes an option to purchase up to an additional $15 million aggregate principal amount of the Notes, for settlement within a 13-day period beginning on, and including, the first date on which the Notes are issued.

Astronics Corporation (Nasdaq: ATRO) (“Astronics” or the “Company”), a leading supplier of advanced technologies and products to the global aerospace, defense, and other mission-critical industries, today reported financial results for the three and nine months ended September 28, 2024.

Astronics Corporation (Nasdaq: ATRO), a leading supplier of advanced technologies and products to the global aerospace, defense, and other mission-critical industries, announced that it will release its third quarter 2024 financial results after the close of financial markets on Wednesday, November 6, 2024.

Astronics Corporation (NASDAQATRO) (“Astronics” or the “Company”) today announced that its Board of Directors has appointed Nancy L. Hedges, currently Controller and Principal Accounting Officer, to Vice President and Chief Financial Officer effective upon the retirement of David C. Burney, the Company’s current CFO, on January 3, 2025.

Astronics Corporation (Nasdaq: ATRO), a leading supplier of advanced technologies and products to the global aerospace, defense, and other mission-critical industries, announced that Peter J. Gundermann, Chairman, President and Chief Executive Officer, and David C. Burney, Executive Vice President and Chief Financial Officer, will present virtually at the Gabelli 30th Annual Aerospace & Defense Symposium on Thursday, September 5, 2024.

Astronics Corporation (Nasdaq: ATRO), a leading supplier of advanced technologies and products to the global aerospace, defense, and other mission-critical industries, announced that Peter J. Gundermann, Chairman, President and Chief Executive Officer, and David C. Burney, Executive Vice President and Chief Financial Officer, will present and host investor meetings at the Midwest IDEAS Conference at The Gwen in Chicago on Wednesday, August 28, 2024.

Astronics Corporation (Nasdaq: ATRO) (“Astronics” or the “Company”), a leading supplier of advanced technologies and products to the global aerospace, defense, and other mission-critical industries, today reported financial results for the three and six months ended June 29, 2024.

Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense and other mission critical industries, announced that it will release its second quarter 2024 financial results after the close of financial markets on Thursday, August 1, 2024.

Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense and other mission critical industries, today announced it has amended and expanded its revolving line of credit and refinanced its term loan. The refinancing provides improved liquidity, lower cash costs, and greater financial flexibility for the Company. The refinancing is comprised of an expanded asset-based line of credit and a reduced, lower-cost term loan.

Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense and other mission critical industries, announced today it has been awarded the production contract for the U.S. Army Radio Test Set TS-4549/T. The award provides for the program management, engineering, and product manufacturing to support the operational readiness of the Army's extensive range of radio communication devices.

Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense and other mission critical industries, announced today the global delivery of 350 shipsets of the EmPower® UltraLite G2 Power System since its launch in 2022. The Company has backlog of 300 more systems to be delivered by the end of 2024 demonstrating the rapid increase in adoption rate for the next generation passenger power solution which delivers more power with less weight.

Astronics Corporation (Nasdaq: ATRO), a leading supplier of advanced technologies and products to the global aerospace, defense, and other mission-critical industries, announced today that it has been awarded contracts from multiple customers for the Astronics Dual-Modem ModMan (ADMM) valued up to approximately $75 million over the next 3 to 5 years. The Company expects to receive a series of purchase orders throughout the duration of the contracts.

Astronics Corporation (Nasdaq: ATRO) (“Astronics” or the “Company”), a leading supplier of advanced technologies and products to the global aerospace, defense, and other mission-critical industries, today reported financial results for the three months ended March 30, 2024.

Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense and other mission critical industries, announced that it will release its first quarter 2024 financial results after the close of financial markets on Thursday, May 2, 2024.

Astronics Corporation (Nasdaq: ATRO) (“Astronics” or the “Company”), a leading supplier of advanced technologies and products to the global aerospace, defense and other mission critical industries, today reported financial results for the three and twelve months ended December 31, 2023.

Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense and other mission critical industries, announced that it will release its fourth quarter 2023 financial results after the close of financial markets on Wednesday, February 28, 2024.

Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense, and other mission critical industries, announced that Peter J. Gundermann, Chairman, President and Chief Executive Officer, will host a presentation at the Needham Growth Conference on Wednesday, January 17, 2024.

Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense and other mission critical industries, announced its fourth quarter 2023 preliminary unaudited revenue was $193 million to $195 million. At the mid-point of the range, preliminary revenue was up 23% over the prior-year period and up 19% over the trailing third quarter. Full year preliminary unaudited revenue for 2023 was approximately $688 million. Preliminary bookings in the quarter were $185 million bringing orders for the full year to approximately $726 million.

Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense, and other mission critical industries, announced that Peter J. Gundermann, Chairman, President and Chief Executive Officer, and David C. Burney, Executive Vice President and Chief Financial Officer, will host a presentation at the at the CJS Securities 24th Annual "New Ideas for the New Year" virtual conference on Wednesday, January 10, 2024.

Astronics Corporation (Nasdaq: ATRO) (“Astronics” or the “Company”), a leading supplier of advanced technologies and products to the global aerospace, defense, and other mission-critical industries, today reported financial results for the three and nine months ended September 30, 2023.

Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense and other mission critical industries, announced that it will release its third quarter 2023 financial results after the close of financial markets on Wednesday, November 8, 2023.

Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense, and other mission critical industries, announced today that it is now under contract with Bell to support development of the V-280 Valor for the U.S. Army Future Long Range Assault Aircraft (FLRAA) program. A member of Team Valor, Astronics has been working with Bell for several years by supplying the electrical power and distribution system for the demonstrator aircraft. The current agreement will further mature the system for qualification and certification. This award follows the Army’s selection of the V-280 as the winner of its FLRAA competition and the planned replacement for the UH-60 Blackhawk.

Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense, and other mission critical industries, today announced it has initiated an at-the-market (“ATM”) equity offering program for the sale from time to time of shares of the Company’s common stock (the “Common Stock”) having an aggregate sales price of up to $30.0 million. The timing and volume of any sales of shares of Common Stock under the ATM program will depend on a variety of factors to be determined by the Company. Shares of Common Stock under the ATM program will be offered through Wells Fargo Securities, LLC (“Wells Fargo”) and HSBC Securities (USA) Inc. (“HSBC”), as sales agents. Wells Fargo and HSBC may sell shares of Common Stock by any lawful method deemed to be an “at-the-market offering” defined by Rule 415(a)(4) of the Securities Act of 1933, as amended, including without limitation sales made directly on the Nasdaq Global Select Market, on any other existing trading market for the shares of Common Stock, to or through a market maker or in negotiated transactions. Sales may be made at market prices prevailing at the time of the sale, at prices related to prevailing market prices or at negotiated prices and, as a result, sales prices may vary.

Astronics Corporation (Nasdaq: ATRO) (“Astronics” or the “Company”), a leading supplier of advanced technologies and products to the global aerospace, defense and other mission critical industries, today reported financial results for the three and six months ended July 1, 2023.

Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense, and other mission critical industries, announced today that it has accepted purchase orders to provide certain electrical power distribution, conversion, and vehicle charge control capabilities from ten eVTOL aircraft OEMs who are developing electrical aircraft for emerging air mobility missions. These orders include Astronics’ previously announced program win to provide its enhanced CorePower® electrical power distribution system for the Lilium Jet.

Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense and other mission critical industries, announced that preliminary orders for the second quarter of 2023 are approximately $200 million to $205 million. Included in orders was a $9.6 million production order for the Handheld Radio Test Sets (HHRTS) Program for the U.S. Marine Corps (USMC) related to the $40 million IDIQ contract previously announced on April 6, 2023.

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 Airbus to supply Passenger Service Units (PSUs) for the A220 Family of aircraft. This award marks the first PSU collaboration between Astronics and Airbus.

Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense and other mission critical industries, announced today that since launching the EmPower® UltraLite G2 Power System , it has received commitments from more than a dozen airlines to install the system on over 1,100 narrow body aircraft. As the industry’s most powerful and intelligent cabin power system for charging passenger electronic devices, the EmPower Ultralite G2 was launched at the2022 Aircraft Interiors show in Hamburg. Installations are planned for the next three years and commitments received to date include options for several hundred more aircraft.

Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense, and other mission critical industries, announced today that it has filed a universal shelf registration statement on Form S-3 with the Securities and Exchange Commission (SEC). The filing of the shelf registration statement is intended to provide the Company with greater financial flexibility to access the capital markets in the future through the sale of securities if it becomes advantageous for the Company and its shareholders.

Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense, and other mission critical industries, announced that Peter J. Gundermann, Chairman, President and Chief Executive Officer, and David C. Burney, Executive Vice President and Chief Financial Officer, will take part in a fireside chat at the Wells Fargo Industrials Conference on Wednesday, June 14, 2023.

Please replace the release with the following version due to corrected footnote numbering in the SEGMENT DATA and SALES BY MARKET tables.

Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense and other mission critical industries, announced that it will release its first quarter 2023 financial results after the close of financial markets on Tuesday, May 9, 2023.

Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense, and other mission critical industries, announced today that the its wholly owned subsidiary, Astronics Test Systems, has been awarded a firm fixed price, indefinite delivery/indefinite quantity (IDIQ) award to produce portable radio test equipment for the U.S. Marine Corps’ Handheld Radio Test Sets program (“HHRTS”).

Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense, and other mission critical industries, announced today its reliability test solution for defense microelectronics, TORCH (Thermally-controlled Operational Reliability Chip Tester). A fully automated, massively parallel test system, TORCH simplifies reliability testing using accelerated thermal technology with the capability to simultaneously test up to 384 sites/ Devices Under Test (DUTs) with independent test profiles.

Astronics Corporation (Nasdaq: ATRO) (“Astronics” or the “Company”), a leading supplier of advanced technologies and products to the global aerospace, defense and other mission critical industries, today reported financial results for the three and twelve months ended December 31, 2022.

Astronics Corporation (Nasdaq: ATRO), a leading supplier of advanced technologies and products to the global aerospace and defense industries, today announced the appointment of Linda O’Brien to its Board of Directors, effective February 24, 2023. Ms. O’Brien is Vice President and Chief Engineer at Lockheed Martin Aeronautics, a position she has held since 2021. She was originally employed by Lockheed/General Dynamics from 1986 to 2006, rejoining the company in 2016. She has held a variety of positions including Program Management Director and Deputy Vice President of ISR and Unmanned Systems, Engineering Director- Deputy to the Vice President of Engineering and Technology and Engineering Director- Chief Engineer of Advanced Pilot Training. Prior to Lockheed, Ms. O’Brien was a Senior Program Manager at Sikorsky Aircraft Company and Director of Commercial Programs for Bell Helicopter Textron.

Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense and other mission critical industries, announced that it will release its fourth quarter 2022 financial results after the close of financial markets on Thursday, March 2, 2023.

Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense and other mission critical industries, today announced preliminary revenue and orders and announced the completion of the refinancing of its debt.

Astronics Corporation (Nasdaq: ATRO) (“Astronics” or the “Company”), a leading supplier of advanced technologies and products to the global aerospace, defense and other mission critical industries, today reported financial results for the three and nine months ended October 1, 2022.

Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense and other mission critical industries, today announced preliminary revenue, orders and net loss, and provided an update on liquidity events.

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 Corporation (Nasdaq: ATRO) (“Astronics” or the “Company”), a leading supplier of advanced technologies and products to the global aerospace, defense and other mission critical industries, today reported financial results for the three and six months ended July 2, 2022.

Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense and other mission critical industries, announced that it will release its second quarter 2022 financial results before the opening of financial markets on Wednesday, August 10, 2022.

Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense and other mission critical industries, today announced that it has been selected by Lilium N.V. to design, develop, and build the Lilium Jet’s electrical power distribution system.

Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense and other mission critical industries, announced today that it has signed an agreement with Southwest Airlines to provide its EMPOWER® Passenger In-Seat Power System for installation on 475 Boeing 737 MAX-7 and MAX-8 aircraft. This award is part of Southwest’s recently announced significant cabin upgrade initiative to enhance the Customer experience.

Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense, and other mission critical industries, announced today that it has expanded its CorePower® product portfolio and capabilities to address the needs of the emerging electric aircraft industry.

Astronics Corporation (Nasdaq: ATRO) (“Astronics” or the “Company”), a leading supplier of advanced technologies and products to the global aerospace, defense and other mission critical industries, today reported financial results for the three months ended April 2, 2022.

Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense and other mission critical industries, announced that it will release its first quarter 2022 financial results before the opening of financial markets on Friday, May 6, 2022.

Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense and other mission critical industries, announced that it will release its fourth quarter 2021 financial results before the opening of financial markets on Wednesday, March 2, 2022.

Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense, and other mission critical industries, congratulates Textron Aviation Inc., on the first flight of its new high-performance single-engine turboprop Beechcraft Denali.

Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense and other mission critical industries, today announced preliminary revenue and bookings while providing an update on liquidity events and a ruling on an intellectual property dispute in the U.K.

Astronics Corporation (Nasdaq:ATRO), a leading provider of advanced technologies for global aerospace, defense and other mission critical industries, announced that Peter J. Gundermann, Chairman, President and Chief Executive Officer, and David C. Burney, Executive Vice President and Chief Financial Officer, will present at the 24th Annual Needham Virtual Growth Conference on Monday, January 10, 2022.

Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense and other mission critical industries, launched its ATS-5000 Series of Functional Test and Support Solutions, a unique consolidation of world-class architecture, instrumentation, and software, configured to meet the end-user's exact requirements. These solutions leverage the success of the Company’s Transit Test Systems, both software and hardware, adapting it to be applicable to a wide range of industries. These solutions provide the organic capability for simple, in-house design verification, test, or diagnostic programs in the lab, factory, depot, or field, preventing costly downtime and saving unnecessary repair costs.

Astronics Corporation (Nasdaq: ATRO) (“Astronics” or the “Company”), a leading supplier of advanced technologies and products to the global aerospace, defense and other mission critical industries, today reported financial results for the three and nine months ended October 2, 2021.

Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense and other mission critical industries, announced that it will release its third quarter 2021 financial results before the opening of financial markets on Monday, November 8, 2021.

Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense and other mission critical industries, announced that it has closed on the sale of its facility in Ft. Lauderdale, Florida for total consideration of $9.1 million. Net proceeds were approximately $8.7 million in cash. The Company expects to record a gain in the fourth quarter of 2021 of approximately $5.0 million. The sale was a result of the consolidation of the DME lighting and safety operations into its East Aurora, NY operations.

Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense and other mission critical industries, announced today it was awarded a $19 million order from Collins Aerospace (“Collins”) for business jet connectivity equipment to be delivered in 2022. The order is a follow-on to the approximately $11 million order announced in February 2021.

Astronics Corporation (Nasdaq: ATRO) (“Astronics” or the “Company”), a leading supplier of advanced technologies and products to the global aerospace, defense and other mission critical industries, today reported financial results for the three and six months ended July 3, 2021.

Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense, and other mission critical industries, and 3Oe Scientific Inc., a science technology company leveraging aqueous ozone to eradicate harmful pathogens, announced that the Iggy™ hand rinsing device has been declared winner of America by Design: People’s Choice Award. 3Oe Scientific partnered with PDT, an Astronics Company, to design and manufacture Iggy™ in response to the Covid-19 pandemic.

Astronics Corporation (Nasdaq: ATRO) (“Astronics” or the “Company”), a leading provider of advanced technologies for global aerospace, defense and other mission critical industries, announced that Peter J. Gundermann, Chairman, President and Chief Executive Officer, and David C. Burney, Executive Vice President and Chief Financial Officer, will present at the Canaccord Genuity 41st Annual Growth Conference on Thursday, August 12, 2021.

Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense and other mission critical industries, announced that it will release its second quarter 2021 financial results before the opening of financial markets on Friday, August 6, 2021.

Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense, and other mission critical industries and 3Oe Scientific Inc., a technology company leveraging aqueous ozone to eradicate harmful pathogens, announced 3Oe Scientific has awarded a $6 million contract to Astronics to begin manufacturing 3Oe’s Iggy™ hand rinsing device. Iggy™ improves the effectiveness of hand hygiene with proprietary technology and aqueous ozone for a chemical-free, natural disinfectant that does not irritate skin.

Astronics Corporation (Nasdaq: ATRO) (“Astronics” or the “Company”), a leading supplier of advanced technologies and products to the global aerospace, defense and other mission critical industries, today reported financial results for the three months ended April 3, 2021.

Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense and other mission critical industries, announced that it will release its first quarter 2021 financial results before the opening of financial markets on Thursday, May 6, 2021.

Astronics Corporation (Nasdaq: ATRO) announced today that its wholly owned subsidiary, Astronics Test Systems (“ATS”), has approved Muirhead Avionics, a division of AMETEK® MRO, as an Approved Service Center for Astronics’ CTS 6000 series of communication test solutions. ATS has provided Muirhead with the CTS 6025 CSAR test set to ensure accurate and complete calibration services of the full range of communication test solutions in the CTS-6000 series. With this partnership, Astronics has expanded its support capabilities of its CTS-6000 series that provides complete radio frequency, analog and digital test capabilities into Europe and the Middle East.