Astronics Awarded Contract for U.S. Army Radio Test Set TS-4549/T Valued at Approximately $215 Million [Yahoo! Finance]
Astronics Corporation (ATRO)
Last astronics corporation earnings: 2/26 06:30 am
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Source: Yahoo! Finance
aerospace, defense and other mission critical industries, announced today it has been awarded the production contract for the U.S. Army Radio Test Set TS-4549/T. The award provides for the program management, engineering, and product manufacturing to support the operational readiness of the Army's extensive range of radio communication devices. The firm-fixed price, indefinite delivery, indefinite quantity (IDIQ) contract has a total value of up to $215 million with an expected period of performance of five years. The contract was awarded with an initial delivery order of $15.5 million to cover qualification and low-rate initial production. The Company expects this effort will generate revenue of approximately $10 million to $12 million in 2024 of which $5 million to $7 million is expected in the second quarter. Peter J. Gundermann, President and CEO of Astronics Corporation, commented, "We are honored by the U.S. Army's confidence in our capabilities with this critical opportunit
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ATRO
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- 8/1/24 - Miss
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- 8/26/24 - Form 4
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