Astronics

Astronics supplies electrical power, connectivity, lighting, structures and test systems to aerospace and defence customers. Its CorePower architecture was selected to manage and protect low-voltage distribution on Vertical Aerospace’s Valo aircraft.

Facts

  • Segment: Subsystems
  • Country: US
  • Founded: 1968
  • Ticker: ATRO
  • Website: https://www.astronics.com/

About

About Astronics

Astronics is a New York-based aerospace and defence technology group whose operating history dates to 1968. The company has expanded from aircraft lighting into a portfolio of power, connectivity, safety, structural and automated-test businesses, with products supplied to airframers, airlines, defence programmes and other mission-critical customers.

For advanced air mobility, the relevant layer is aircraft electrical architecture. Astronics’ CorePower family integrates solid-state power conversion and distribution hardware intended to reduce weight, wiring and cooling demand. Vertical Aerospace selected the company’s low-voltage distribution equipment for Valo, and the hardware was already integrated into flight-test aircraft when the agreement was announced. Astronics therefore sits in the certified subsystem supply chain; it does not build the aircraft or its autonomy stack.

Financials

  • ATRO - NASDAQ - USD

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Supply

  • Eve Air Mobility - Outbound - Power Systems - Astronics AES will develop and produce Eve high- and low-voltage distribution systems and the HV DC-DC converter - source: ir.eveairmobility.com
  • Vertical Aerospace - Outbound - Power Electronics - Astronics supplies the CorePower low-voltage distribution system for Vertical VALO - source: vertical-aerospace.com

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Timeline

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Team

  • Peter J. Gundermann - Chairman, President and Chief Executive Officer - Current chief executive
  • Nancy L. Hedges - Vice President and Chief Financial Officer - Current chief financial officer

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