Astronics Secures New Inflight Connectivity Equipment Order from Collins Aerospace
February 10 2021 - 8:46AM
Business Wire
Supports growing business jet connectivity
demand
Astronics Corporation (NASDAQ: ATRO) (“Astronics” or the
“Company”), a leading provider of advanced technologies for global
aerospace, defense and other mission critical industries, announced
today it was awarded an order of approximately $11 million from
Collins Aerospace (“Collins”) for business jet connectivity
equipment. The order is a follow on to previous orders for inflight
connectivity (IFC) hardware that Astronics has been providing to
Collins.
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the full release here:
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Tail-Mounted Connectivity Antenna (Photo:
Business Wire)
Astronics’ equipment supports the growing interest in the
business jet connectivity services offered by Collins Aerospace.
Having received many strong customer reviews, Collins’ system
provides unparalleled high-speed world-wide connectivity that
enables a broad variety of remote conferencing services as well as
streaming entertainment.
“We are excited to extend and expand the relationship with
Collins Aerospace to provide best-in-class connectivity equipment
for their customers,” stated Michael Kuehn, Astronics CSC
President. “We believe this order validates the success of Collins
Aerospace connectivity services and the performance of Astronics
connectivity hardware. Improved connectivity for the business jet
market has become an imperative and we are committed to providing
the best connectivity capability available for aircraft with our
technologies.”
For more details on the T-311 hardware, visit Astronics.com.
About Astronics Corporation
Astronics Corporation (Nasdaq: ATRO) serves the world’s
aerospace, defense, and other mission critical industries with
proven, innovative technology solutions. Astronics works
side-by-side with customers, integrating its array of power,
connectivity, lighting, structures, interiors, and test
technologies to solve complex challenges. For over 50 years,
Astronics has delivered creative, customer-focused solutions with
exceptional responsiveness. Today, global airframe manufacturers,
airlines, militaries, completion centers and Fortune 500 companies
rely on the collaborative spirit and innovation of Astronics. The
Company’s strategy is to increase its value by developing
technologies and capabilities that provide innovative solutions to
its targeted markets.
For more information on Astronics and its solutions, visit
Astronics.com.
Safe Harbor Statement
This news release contains forward-looking statements as defined
by the Securities Exchange Act of 1934. One can identify these
forward-looking statements by the use of the words “expect,”
“anticipate,” “plan,” “may,” “will,” “estimate” or other similar
expressions and include all statements with regard to the growth in
demand for connectivity services in the business jet market, the
performance of Astronics’ connectivity hardware and the success of
the service it supports. Because such statements apply to future
events, they are subject to risks and uncertainties that could
cause actual results to differ materially from those contemplated
by the statements. Important factors that could cause actual
results to differ materially from what may be stated here include
the impact of the global outbreak of COVID-19 and governmental and
other actions taken in response, trend in growth with passenger
power and connectivity on airplanes, the state of the aerospace and
defense industries, the market acceptance of newly developed
products, internal production capabilities, the timing of orders
received, the status of customer certification processes and
delivery schedules, the demand for and market acceptance of new or
existing aircraft which contain the Company’s products, the need
for new and advanced test and simulation equipment, customer
preferences and relationships, and other factors which are
described in filings by Astronics with the Securities and Exchange
Commission. The Company assumes no obligation to update
forward-looking information in this news release whether to reflect
changed assumptions, the occurrence of unanticipated events or
changes in future operating results, financial conditions or
prospects, or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20210210005107/en/
Company Contact: Astronics CSC Michael Kuehn President
Michael.Kuehn@astronics.com +1.847-244-4500
X101
Investor Contact: Kei Advisors LLC Deborah K. Pawlowski
Investor Relations dpawlowski@keiadvisors.com +1.716.843.3908
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