Astronics Corp (NASDAQ: ATROB)

Astronics Corporation is a leading provider of advanced technologies to the global aerospace defense and electronics industries. Our products and services include high performance electrical power generation distribution and motion systems lighting and safety systems avionics products systems certification aircraft structures and automated test systems. We have principal operations in the United States Canada France and Germany as well as engineering offices in Ukraine and India.

The company generates revenue by designing manufacturing and selling its products and providing related services to customers in the aerospace defense and electronics sectors. Its Aerospace segment supplies items such as lighting safety systems electrical power distribution seat motion systems aircraft structures avionics and certification services to airframe manufacturers suppliers airlines and defense agencies. The Test Systems segment earns revenue from the design development manufacture and maintenance of automated test systems used in aerospace defense communications mass transit and training simulation applications.

The company operates through the following segments: Aerospace and Test Systems.

• Aerospace segment designs and manufactures products for the global aerospace and defense industry including lighting and safety systems electrical power generation distribution and seat motion systems aircraft structures avionics products systems certification and other related offerings.

• Test Systems segment designs develops manufactures and maintains automated test systems that support aerospace defense communications mass transit and training simulation markets providing solutions to OEMs prime government contractors and other industrial customers.

Astronics Corporation holds a niche position as a specialized supplier of high performance electrical and test solutions competing against larger diversified electronics and aerospace firms by emphasizing innovation responsiveness and customer support. Its competitive advantages stem from deep engineering expertise a reputation for quality and the ability to deliver customized systems on schedule.

The company serves a diverse customer base that includes major airframe manufacturers such as The Boeing Company suppliers to those OEMs commercial airlines aircraft operators and various branches of the United States Department of Defense. Additional customers arise in the communications mass transit and training simulation sectors for its test systems.