Astronics Wins $215M Contract For U.S. Army Radio Test Set TS-4549/T
Portfolio Pulse from Benzinga Newsdesk
Astronics Corporation has secured a $215 million contract from the U.S. Army for the Radio Test Set TS-4549/T. The contract is a firm-fixed price, indefinite delivery, indefinite quantity (IDIQ) agreement with a five-year performance period. An initial delivery order of $15.5 million has been placed, with expected revenue of $10 million to $12 million in 2024, including $5 million to $7 million in the second quarter.
June 17, 2024 | 10:00 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Astronics Corporation has been awarded a $215 million contract by the U.S. Army for the Radio Test Set TS-4549/T. The contract includes an initial delivery order of $15.5 million, with expected revenue of $10 million to $12 million in 2024.
The $215 million contract from the U.S. Army is a significant win for Astronics, providing a steady revenue stream over the next five years. The initial order and expected revenue in 2024 indicate strong financial performance, likely boosting investor confidence and positively impacting the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100