Astronics Awarded Contracts From Multiple Customers Valued Up To $75M For Dual-Modem Modem Manager Units

5/24/24 9:01:07 AM ET

Military/Government/Technical

Industrials

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Astronics Dual-Modem Modem Manager (ModMan) Ushers in the Next Chapter of Inflight Entertainment and Connectivity by Enabling Airline Flexibility and Control

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.

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Recent Analyst Ratings for
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Date	Price Target	Rating	Analyst
9/20/2021	$19.00	Neutral → Buy	Colliers Securities

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Astronics Corporation Reports 25% Growth in Sales in 2024 Third Quarter
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Astronics Corporation Reports 25% Growth in Sales in 2024 Third Quarter
Sales increased $40.8 million to $203.7 million, highest quarterly level since the first quarter of 2019 Higher sales drove Aerospace operating income of $14.3 million, or 8.0%; Adjusted Aerospace operating income1 was $25.3 million, or 14.2% of sales Net loss for the quarter of $11.7 million, or $0.34 per diluted share, included impact of $7.0 million in refinancing costs; Adjusted net income1 was $12.2 million, or $0.35 per diluted share Adjusted EBITDA1 grew 207% to $27.1 million, or 13.3% of sales, up $18.2 million over the prior-year period and up $6.8 million over trailing second quarter Generated $8.5 million in cash from operations in the quarter Bookings in the quarter w
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$ATRO
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Industrials
Astronics Corporation Announces Third Quarter 2024 Financial Results Conference Call and Webcast
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. The Company will host a conference call and webcast that same day to review its financial and operating results and discuss its corporate strategies and outlook. A question-and-answer session will follow. Third Quarter 2024 Conference Call Wednesday, November 6, 2024 4:45 p.m. Eastern Time Phone: (201) 493-6784 Webcast: investors.astronics.com A telephonic replay will be available fro
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Astronics Awarded Contracts From Multiple Customers Valued Up To $75M For Dual-Modem Modem Manager Units

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$ATRO
Insider Trading

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Pres Astronics Test Systems Mulato James was granted 1,574 units of $.01 PV Com Stk, increasing direct ownership by 5% to 36,167 units (SEC Form 4)

VP Astronics Advanced Electron Peabody Mark was granted 1,574 units of $.01 PV Com Stk, increasing direct ownership by 4% to 46,462 units (SEC Form 4)

VP Luminescent Systems, Inc. Kramer James S was granted 1,574 units of $.01 PV Com Stk, increasing direct ownership by 4% to 36,941 units (SEC Form 4)

$ATRO
Financials

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Astronics Corporation Reports 25% Growth in Sales in 2024 Third Quarter

Astronics Corporation Announces Third Quarter 2024 Financial Results Conference Call and Webcast

Astronics Corporation Reports 14% Growth in Sales in 2024 Second Quarter

$ATRO
Press Releases

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Astronics Corporation Reports 25% Growth in Sales in 2024 Third Quarter

Astronics Corporation Announces Third Quarter 2024 Financial Results Conference Call and Webcast

Astronics Corporation Appoints Nancy L. Hedges as Chief Financial Officer Effective January 4, 2025

$ATRO
Market Insights

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Truist Securities Maintains Hold on Astronics, Raises Price Target to $20

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SEC Filings

SEC Form 10-Q filed by Astronics Corporation

Astronics Corporation filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

Astronics Corporation filed SEC Form 8-K: Leadership Update, Regulation FD Disclosure, Financial Statements and Exhibits

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Astronics Corporation Appoints Nancy L. Hedges as Chief Financial Officer Effective January 4, 2025

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Amendment: SEC Form SC 13G/A filed by Astronics Corporation

SEC Form SC 13G/A filed by Astronics Corporation (Amendment)

SEC Form SC 13G/A filed by Astronics Corporation (Amendment)

Astronics upgraded by Colliers Securities with a new price target

Canaccord Genuity resumed coverage on Astronics with a new price target

Astronics Awarded Contracts From Multiple Customers Valued Up To $75M For Dual-Modem Modem Manager Units

Chat with this insight

Recent Analyst Ratings for $ATRO

$ATRO Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Pres Astronics Test Systems Mulato James was granted 1,574 units of $.01 PV Com Stk, increasing direct ownership by 5% to 36,167 units (SEC Form 4)

VP Astronics Advanced Electron Peabody Mark was granted 1,574 units of $.01 PV Com Stk, increasing direct ownership by 4% to 46,462 units (SEC Form 4)

VP Luminescent Systems, Inc. Kramer James S was granted 1,574 units of $.01 PV Com Stk, increasing direct ownership by 4% to 36,941 units (SEC Form 4)

$ATRO Financials

Live finance-specific insights

Astronics Corporation Reports 25% Growth in Sales in 2024 Third Quarter

Astronics Corporation Announces Third Quarter 2024 Financial Results Conference Call and Webcast

Astronics Corporation Reports 14% Growth in Sales in 2024 Second Quarter

$ATRO Press Releases

Fastest customizable press release news feed in the world

Astronics Corporation Reports 25% Growth in Sales in 2024 Third Quarter

Astronics Corporation Announces Third Quarter 2024 Financial Results Conference Call and Webcast

Astronics Corporation Appoints Nancy L. Hedges as Chief Financial Officer Effective January 4, 2025

$ATRO Market Insights

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Truist Securities Maintains Hold on Astronics, Raises Price Target to $20

Astronics Amends, Expands Revolving Line Of Credit And Refinanced Its Term Loan

Astronics Wins $215M Contract For U.S. Army Radio Test Set TS-4549/T

$ATRO SEC Filings

SEC Form 10-Q filed by Astronics Corporation

Astronics Corporation filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

Astronics Corporation filed SEC Form 8-K: Leadership Update, Regulation FD Disclosure, Financial Statements and Exhibits

$ATRO Leadership Updates

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$ATRO Large Ownership Changes

This live feed shows all institutional transactions in real time.

$ATRO Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

Astronics Corporation Appoints Nancy L. Hedges as Chief Financial Officer Effective January 4, 2025

Astronics Corporation Appoints Linda O'Brien to Its Board of Directors

Amendment: SEC Form SC 13G/A filed by Astronics Corporation

SEC Form SC 13G/A filed by Astronics Corporation (Amendment)

SEC Form SC 13G/A filed by Astronics Corporation (Amendment)

Astronics upgraded by Colliers Securities with a new price target

Canaccord Genuity resumed coverage on Astronics with a new price target

Recent Analyst Ratings for
$ATRO

$ATRO
Insider Trading

$ATRO
Financials

$ATRO
Press Releases

$ATRO
Market Insights

$ATRO
SEC Filings

$ATRO
Leadership Updates

$ATRO
Large Ownership Changes

$ATRO
Analyst Ratings