What Happened
Aerospace Supplier Sees Revenue Growth And Raised Guidance
Astronics has secured a $45 million Army radio test contract order, contributing to its strong Q2 revenue growth of 27% year on year. The company has raised its full year 2026 revenue guidance to $1.02-1.04 billion and reported a record backlog of $780.6 million. Astronics has also entered a long-term agreement with Vertical Aerospace for low voltage power distribution systems on the Valo eVTOL aircraft. This news was reported by an unknown source.