Astronics Awarded Contracts From Multiple Customers Valued Up To $75M For Dual-Modem Modem Manager Units
Portfolio Pulse from Benzinga Newsdesk
Astronics Corporation (NASDAQ:ATRO) has secured contracts worth up to $75 million for its Dual-Modem Modem Manager (ModMan) units, which will enhance inflight entertainment and connectivity. The contracts span 3 to 5 years, with purchase orders expected throughout the duration.
May 24, 2024 | 1:01 pm
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Astronics Corporation has been awarded contracts valued up to $75 million for its Dual-Modem Modem Manager units, expected to boost revenues over the next 3 to 5 years.
The contracts are significant in value and span multiple years, indicating a steady revenue stream for Astronics. This is likely to positively impact the stock price in the short term as it reflects strong demand for their products.
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