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

6/17/24 6:00:37 PM ET

Military/Government/Technical

Industrials

Get the next $ATRO alert in real time by email

The firm-fixed price, indefinite delivery, indefinite quantity (IDIQ) contract has a total value of up to $215 million with an expected period of performance of five years. The contract was awarded with an initial delivery order of $15.5 million to cover qualification and low-rate initial production. The Company expects this effort will generate revenue of approximately $10 million to $12 million in 2024 of which $5 million to $7 million is expected in the second quarter.

Get the next $ATRO alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$ATRO

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

More analyst ratings

$ATRO
Press Releases

Fastest customizable press release news feed in the world

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
11/6/24 4:15:00 PM ET
$ATRO
Military/Government/Technical
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
10/25/24 9:00:00 AM ET
$ATRO
Military/Government/Technical
Industrials
Astronics Corporation Appoints Nancy L. Hedges as Chief Financial Officer Effective January 4, 2025
To succeed David C. Burney upon his retirement Astronics Corporation (NASDAQ:ATRO) ("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. Peter J. Gundermann, Chairman, President and Chief Executive officer, commented, "Nancy has attained strong command of our financial landscape across the broad range of our business, and has been intimately involved in our financial strategies and recent financing activities. She has an excellent working know
10/15/24 8:30:00 AM ET
$ATRO
Military/Government/Technical
Industrials

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
11/6/24 4:15:00 PM ET
$ATRO
Military/Government/Technical
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
10/25/24 9:00:00 AM ET
$ATRO
Military/Government/Technical
Industrials
Astronics Corporation Reports 14% Growth in Sales in 2024 Second Quarter
Sales grew 14% to $198.1 million in the quarter Operating income increased to $7.6 million in the quarter, or 3.8% of sales Achieved net income for the quarter of $1.5 million, or $0.04 per diluted share Adjusted EBITDA1 grew 28% to $20.2 million, or 10.2% of sales, an increase of $4.4 million over the second quarter of the prior year Bookings in the quarter were $219.0 million, driving a record backlog of $633.4 million with book to bill ratio of 1.11x Aerospace achieved its tenth consecutive record backlog of $554.6 million Raising 2024 revenue guidance to $780 million to $800 million Astronics Corporation (NASDAQ:ATRO) ("Astronics" or the "Company"), a leading suppl
8/1/24 4:15:00 PM ET
$ATRO
Military/Government/Technical
Industrials

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

Chat with this insight

Recent Analyst Ratings for
$ATRO

$ATRO
Large Ownership Changes

This live feed shows all institutional transactions in real time.

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)

$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
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 upgraded by Colliers Securities with a new price target

Canaccord Genuity resumed coverage on Astronics with a new price target

$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
Market Insights

Live Market Insights

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

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