Astronics Corporation

Astronics Corporation Reports Record Operating Income on 27% Sales Growth for Second Quarter 2026

Astronics reported record second-quarter sales of $260.0 million, a 27% increase from the prior year, alongside record operating income of $40.5 million and net income of $35.1 million. The company achieved record bookings of $306.2 million and a record backlog of $780.6 million, driven primarily by strength in its Aerospace segment and a new production order from the U.S. Army. Based on the strong performance, management raised its 2026 revenue guidance to $1.02 billion to $1.04 billion, up from previous forecasts.

•2mo ago

Astronics Corporation Announces Favorable Appeal Ruling on Lufthansa Technik Intellectual Property Case in United Kingdom

Astronics announced a favorable ruling from the UK appellate court in its patent infringement dispute with Lufthansa Technik AG, dismissing the opponent's appeal in its entirety. The court granted one of Astronics' appeals, requiring Lufthansa Technik to issue a partial refund of damages previously paid by Astronics, though the specific amount has not yet been determined. Additional payments for attorney fees may also be awarded, and while further appeal to the UK Supreme Court is possible, it remains uncertain if the court will agree to hear the case.

•3mo ago

Vertical Aerospace Shares Business Update Ahead of Farnborough International Airshow

Astronics Corporation (ATRO) was selected by Vertical Aerospace (EVTL) to supply the low-voltage power distribution system for the Valo eVTOL aircraft. Vertical Aerospace announced it has received an expanded Permit to Fly from the UK CAA, authorizing its first public demonstration flights, and has re-baselined its certification timeline to target type certification in 2029. The customer currently holds approximately 1,500 conditional pre-orders with an estimated value of $6 billion, providing potential long-term demand for Astronics' systems.

•3mo ago

Vertical Aerospace Selects Astronics as Low-Voltage Power Distribution Supplier for Valo

Astronics was selected by Vertical Aerospace to supply the low-voltage power distribution system for the Valo eVTOL aircraft. The agreement covers power conversion and distribution hardware that manages electrical power for critical avionics and flight control systems. Astronics' CorePower system is already integrated into Vertical's piloted flight test aircraft, supporting the path toward certification and commercial production.

•4mo ago

Astronics Corporation Receives Production Order for TS-4549/T Radio Test Sets Program

Astronics Test Systems received a $44.7 million purchase order from the U.S. Army for the TS-4549/T Radio Test Sets program, initiating full-rate production. Deliveries are expected over the next 20 months, marking a transition from development to volume manufacturing for this asset. The original IDIQ contract awarded in June 2024 was valued at $215 million, with $145 million in potential funding remaining after this order.

•5mo ago