Astronics Corp., a provider of advanced technologies for the global aerospace and defense industries, announced today that its wholly-owned subsidiary Astronics Test Systems (ATS) has been awarded a follow-on order from its largest customer valued at approximately $88 million.
The order is for several highly-engineered production test systems and includes on-site engineering and uptime support for the installed units.
Peter J. Gundermann, president and CEO of Astronics, noted, “Astronics has built its brand by providing our customers technological solutions that enable them to achieve their business goals. This follow-on order is a testament to the value provided by our ATS team for this customer.”
With this order, Astronics preliminarily expects 2015 consolidated revenue to be in the range of $655 million to $695 million. The Test Systems segment is projected to generate approximately 20% of total revenue, while the remainder will be provided by the Aerospace Segment.
The company will expand on this preliminary guidance for 2015 with its 2014 financial results release.
