ATRO Astronics Corporation

Margins & Returns

Astronics Corporation, operating through its diverse subsidiaries, is a global company that designs and produces goods for the aerospace, defense, and electronics sectors. Its international reach extends across the United States, other North American countries, Asia, Europe, and South America. The company's operations are divided into two primary segments: Aerospace and Test Systems. The Aerospace division provides a wide range of products, including illumination and safety equipment, electrical power generation and distribution systems, aircraft seating motion mechanisms, structural aircraft components, specialized avionics, and system certification services. Its clientele includes original equipment manufacturers (OEMs) that build aircraft for commercial, military, and general aviation purposes, their suppliers, aircraft operators such as major airlines, their service providers, and various branches of the U.S. Department of Defense. Conversely, the Test Systems segment focuses on the design, development, manufacturing, and upkeep of automated testing apparatus. These systems are vital for the aerospace, defense, communications, and mass transit industries. This segment also delivers specialized wireless communication testing for the civil land mobile radio market, alongside creating training and simulation tools for both commercial and military applications. Its main customers are OEMs and prime government contractors in the electronics and military product fields. Established in 1968, Astronics Corporation maintains its corporate headquarters in East Aurora, New York.