- Tablet-based Tester Delivers an Intuitive Experience for Field Radio Testing
East Aurora, NY | April 28, 2016– Astronics Corporation (NASDAQ: ATRO), through its wholly-owned subsidiary Astronics Test Systems, is introducing a breakthrough radio test solution for use in commercial aerospace, military, and civil security applications. The new CTS 6000 Series radio test set, which was unveiled at the Army Missions Solution Summit in Atlanta, GA on April 28, 2016, incorporates nine test capabilities into a single tester with an easy-to-use, modern touchscreen interface for testing radio communications systems at the factory, at the depot or in the field.
“Radio communications are the safety net of any security force, and keeping those systems up and running is critical for mission success,” said Brian Price, Executive Vice President and General Manager of Astronics Test Systems. “This new system is the first of its kind in the marketplace and brings radio communications testing into the digital age with intuitive interfaces and synthetic instrumentation to make testing all parts of a radio system, anywhere, much faster, easier and more secure than ever before.”
“Innovasys selected the CTS-6010 to support field radio maintenance activities for its military customers. The ability to collaborate with the Astronics team, plus the Astronics CTS-6000 Series’ unique combination of power and portability, made this the clear choice for a radio test set to boost the supportability of communications equipment at the front line,” said Germeen Kaldas, Director of Innovasys Pty Ltd.
East Aurora, NY | April 21, 2016– Astronics Corporation (NASDAQ: ATRO) (“Astronics”), a leading supplier of products to the global aerospace, defense, electronics and semiconductor industries, announced today that its wholly-owned subsidiary, Astronics Test Systems (“ATS”), has been awarded a number of follow-on orders from its largest customer valued at approximately $20 million. These orders are for additional production test systems, retooling, services, and support. The orders will mostly be reflected in the second quarter of 2016’s bookings, while revenue will be concentrated in the third quarter of 2016.
Peter J. Gundermann, President and CEO of Astronics, noted “These orders mark the third year of our involvement with this customer since we started deliveries in 2014. We believe this is a testament to the uniqueness and capabilities of our test solutions and the value add our ATS team provides. As we look forward, we are encouraged by our customer’s continued interest in our capabilities and anticipate extending the reach of our capabilities into new programs and new applications as opportunities allow. The return on invested capital in this business has been beyond expectations, and we expect the future to continue to bode well for us.”
The expectation of these orders was included in the previously provided range of projected revenue for the Test Systems segment in 2016, which was approximately $93 million to $109 million.