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Astronics

@astronics.com

Astronics Corporation (NASDAQ: ATRO) serves the world’s aerospace, defense, and other mission critical industries with proven, innovative technology solutions.

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About

Description

Astronics Corporation is a prominent company based in the United States that specializes in the design and manufacture of advanced, high-performance electrical power, lighting, and motion control systems for the aerospace industry. Established in 1968 and headquartered in East Aurora, New York, Astronics has grown into a leading supplier of innovative technologies to both commercial and military aircraft manufacturers. The company operates through two segments: Aerospace and Test Systems.


The Aerospace segment is responsible for the development and production of aircraft electrical power generation and distribution systems, as well as aircraft lighting systems and motion systems. These products provide critical support for advanced avionic systems, power management, cabin electronics, and connectivity solutions. Astronics' clients include major aerospace manufacturers such as Boeing, Airbus, Bombardier, and Gulfstream.


The Test Systems segment specializes in the design, development, and manufacture of automatic test systems for the semiconductor, aerospace, and defense industries. These systems help detect faulty components, test complex electronic systems, and ensure the reliability and performance of critical technologies. Astronics operates globally, with divisions and facilities in the United States, Canada, China, France, Germany, Italy, and the United Kingdom.


Notable subsidiaries include Astronics Ballard Technology, Astronics Luminescent Systems, and Astronics PGA Avionics. In terms of market position, Astronics has established itself as a key player in the aerospace industry. With a strong focus on innovation and advanced technologies, the company has been able to secure a significant market share and maintain long-term partnerships with major manufacturers.


Astronics has consistently reported robust financial performance, with global sales surpassing $700 million in recent years. In terms of major events and achievements, Astronics acquired Custom Control Concepts in 2016, expanding its capabilities in cabin management and control systems. The company has also made strategic partnerships, such as collaboration with Thales to develop next-generation in-flight entertainment systems.


As of the latest updates, Astronics continues to evolve and adapt to the ever-changing aerospace industry. The company remains focused on expanding its product portfolio, investing in research and development, and exploring new market opportunities. Astronics is committed to delivering innovative solutions and maintaining its position as a leading provider of advanced technologies in the aerospace sector

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Company Type

Public Company

Company Size

1001-5000

Year Founded

1968

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