ATRO News & Events

Vertical Aerospace (EVTL) announced a long-term agreement with Astronics (ATRO) to supply the low-voltage power distribution system for Vertical's Valo electric vertical take-off and landing aircraft. Under the agreement, Astronics will provide the aircraft's LV power distribution system, including power conversion and distribution hardware that manages and protects electrical power for critical aircraft systems. The system converts high-voltage electrical power from the aircraft's propulsion architecture into low-voltage power used by avionics, flight controls and other essential onboard systems.

Astronics Corporation announced a 20% stock distribution of Class B Stock to holders of both Common and Class B Stock. Shareholders will receive one share of Class B Stock for every five shares of Common and Class B Stock held on the record date of June 15, 2026. The Company expects the new shares of Class B Stock to be distributed on or about June 29, 2026. Fractional shares will be paid in cash. Astronics initially distributed shares of Class B Stock to Common and Class B shareholders in 1987, and this would make the fifteenth distribution since that time. After the distribution, approximately 32.1 million Common and 10.9 million Class B shares are expected to be outstanding.

Astronics "announced that the U.S. Army has issued a purchase order to Astronics Test Systems for the TS-4549/T Radio Test Sets Program. The order initiates the full rate production stage of the program and is for $44.7 million. The order is expected to cover deliveries over the next 20 months. The U.S. Army originally awarded Astronics an Indefinite Delivery, Indefinite Quantity (IDIQ) contract for the TS-4549/T program in June of 2024. The program was originally funded at $215 million, of which $145 million remains after today's announcement."