Reported Monday, Astronics' EmPower UltraLite G2 USB Power System To Be Installed On 650 Aircraft By End Of Year
Portfolio Pulse from Benzinga Newsdesk
Astronics' EmPower UltraLite G2 USB Power System will be installed on 650 aircraft by the end of the year. The company has delivered 350 shipsets and plans to deliver 300 more in 2024. The system supports airlines' efforts to reduce carbon emissions by weighing 30% to 40% less.
May 28, 2024 | 6:44 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Astronics' EmPower UltraLite G2 USB Power System will be installed on 650 aircraft by the end of the year, with 350 shipsets already delivered and 300 more scheduled for 2024. This product supports airlines' sustainability efforts by reducing weight.
The news indicates a significant order and delivery schedule for Astronics' new product, which is likely to boost revenues and support stock prices. The product's sustainability feature aligns with current industry trends, potentially attracting more customers.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100