Astronics Corporation Announces Growing Backlog Of Electrical System Solutions For eVTOL Aircraft Manufacturers; Combined Orders Represent ~$20M In Sales Over The Period To Certification And Consist Of Hardware Deliveries Along With Engineering Support
Portfolio Pulse from Happy Mohamed
Astronics Corporation (NASDAQ:ATRO) has received purchase orders from ten eVTOL aircraft OEMs for its electrical power distribution, conversion, and vehicle charge control capabilities. The orders, which include a program win to provide the CorePower® electrical power distribution system for the Lilium Jet, represent approximately $20 million in sales over the period to certification. Astronics expects these initial sales to result in long-term production contracts.
August 01, 2023 | 1:41 pm
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Astronics Corporation has received significant orders for its electrical power distribution, conversion, and vehicle charge control capabilities. This could lead to long-term production contracts, potentially boosting the company's revenue and stock price.
The news of Astronics Corporation receiving orders from ten eVTOL aircraft OEMs is highly relevant and important for the company. This could lead to long-term production contracts, which would increase the company's revenue and potentially its stock price. The confidence in this analysis is high due to the clear positive impact this could have on the company's financials.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100