Astronics Corporation

Astronics Corporation Overview

Company Headquarters: New York, United States

Founded: 1968

Workforce: ~2700

Company Working: Astronics Corporation (ATRO) is a leading provider of advanced technologies for the aerospace and defense industries. The company operates its business in two main segments which are, Aerospace and Test Systems. ATRO is an innovator in aircraft data systems, connectivity solutions, electrical power systems, lighting and safety systems, and other products and services for the aviation sector. The Aircraft Interface Device (AID) segment of the company offers a range of products that enable secure and efficient data transfer between avionics systems and electronic flight bags, wireless devices, and ground servers. ATRO’s AID products include the webCS Wireless Aircraft Communications Server, the webFB Smart Aircraft Interface Device, and the Ballard Technology AID. ATRO’s AID products are used by various airlines, such as Cathay Pacific Airways1, to support their eEnabled Aircraft Program. Additionally, ATRO also develops custom AID solutions for specific customer requirements. The company has its businesses in more than 50 countries and regions across North America, Europe, Asia, and Australia

Strategy

Astronics Corporation (ATRO) is focused on the areas of data-centric aircraft, connectivity solutions, electrical power systems, and lighting and safety systems. The company will continue to work on increasing its investment in R&D, adhere to the concept of high-quality development and promote the sustainable development by focusing its technological innovation, accelerate the building of its core competitiveness, and create a “source of original technology” around aircraft interface devices and smart aircraft systems. ATRO’s AID products include the webCS Wireless Aircraft Communications Server, the webFB Smart Aircraft Interface Device, and the Ballard Technology AID. ATRO’s AID products offer a secure, open-architecture approach that empowers customers to take control of their software and data and prepares them to leverage and incorporate the next-generation technologies of tomorrow, including the Internet of Things (IoT) for the aircraft. ATRO’s AID products are used by various airlines, such as Cathay Pacific Airways, to support their eEnabled Aircraft Program. Additionally, ATRO also develops custom AID solutions for specific customer requirements

Company Snapshot

$502.59M

Revenue

2,700

Employees

1968

Founded

New York, United States

Headquarters

SWOT Analysis

Strengths

Innovative and versatile AID products
Strong customer base and partnership

Weaknesses

High dependence on US market
Limited product portfolio for AID

Opportunities

Growing demand for data-centric aircraft
Increasing adoption of EFBs and IoT

Threats

Intense competition from rivals
Regulatory and cybersecurity challenges

Key Developments

Date	Approach	Development
June 2023	Product Launch	Astronics Corporation launched the EmPower UltraLite G2 Power System for passenger in-seat power on commercial aircraft. The system is designed to reduce weight, installation time and maintenance costs
July 2020	Product Launch	Astronics announced a new family of avionics interfaces for SuperSpeed USB 3.1. The UA2000 family of portable USB interfaces enable computers to communicate with, simulate, test, and monitor avionics equipment and systems.

Product Offering

Astronics Corporation
- Aircrafts Interface Devices

Financial Performance

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