Astronics secures $215m contract for U.S. Army Radio Test Systems

Astronics Corporation (Nasdaq: ATRO), a prominent technology provider in the aerospace, defense, and mission-critical industries, has announced a significant contract win to produce the U.S. Army Radio Test Set TS-4549/T. This contract, vital for ensuring the operational readiness of the Army’s communication devices, underscores the firm’s pivotal role in supporting the nation’s defense capabilities.

The firm-fixed-price, indefinite delivery, indefinite quantity (IDIQ) contract is valued at up to $215 million over a five-year period. The initial delivery order of $15.5 million covers qualification and low-rate initial production phases. Astronics anticipates that this contract will generate between $10 million to $12 million in revenue for 2024, with $5 million to $7 million expected in the second quarter alone.

Peter J. Gundermann, President and CEO of Astronics Corporation, expressed his gratitude for the trust placed in their capabilities by the U.S. Army. “We are honored by the U.S. Army’s confidence in our capabilities with this critical opportunity. Our advanced testing solutions are designed to ensure the Army maintains optimal force readiness across its communication infrastructure,” Gundermann stated. He further emphasized the significance of this contract in validating the company’s commitment to defense customers and marking a substantial milestone for the company’s Test Systems business unit.

This contract is a testament to Astronics’ enduring dedication to delivering high-quality, innovative solutions that meet stringent requirements for critical defense applications. It solidifies Astronics Test Systems’ position as a leader in tactical radio test solutions and is expected to significantly enhance the financial performance of this segment as production scales up.

Based in the United States, Astronics Corporation has been serving the aerospace, defense, and other mission-critical industries for over 50 years. With a focus on power, connectivity, lighting, structures, interiors, and test technologies, Astronics collaborates closely with its customers to tackle complex challenges with innovative technology solutions. The company is renowned for its creative solutions and responsiveness, catering to a diverse clientele including global airframe manufacturers, airlines, military branches, completion centers, and Fortune 500 companies. Astronics continues to drive value by developing technologies that offer innovative solutions to its targeted markets.