Astronics Corp (ATRO)
Astronics Corporation (ATRO) is a provider of advanced aerospace and defense technologies, specializing in electrical power management, lighting, and mission equipment. The company designs and manufactures innovative solutions for commercial and military aircraft, as well as other transportation systems, aiming to enhance safety, efficiency, and passenger comfort.
Company News
Astronics Corp acquired Bühler Motor Aviation in an all-cash deal to expand its aircraft seat motion control systems portfolio, expecting $22 million in annual revenue by 2026.
The global aircraft lighting market is projected to grow from $2.17 billion in 2024 to $3.67 billion by 2033, with a 6.1% CAGR, driven by smart lighting systems, sustainability efforts, and enhanced passenger experiences.
Astronics Corporation's stock price is up 100% year-to-date as of the end of May, driven by strong business performance and resolution of legacy patent disputes. The company supplies parts and components to the aerospace industry, and its profitability and demand for its products are improving.
Investors need to pay close attention to Astronics (ATRO) stock based on the movements in the options market lately.
Spirit AeroSystems' stock took a dive Monday as investors took the aircraft-components maker to task for its part in the grounding of Boeing Co.'s 737 Max 9 planes. Shares of other commercial aerospace companies were also falling.