Astronics Corporation (ATRO)

Astronics Corp.'s stock has experienced notable movements in the past six months. The stock price increased by 243.51% from January 2, 2025, to December 31, 2025, and saw an 11.26% increase in the past month (as of early January 2026). Over the last 12 months, the stock's price has increased by 254.70%. Key events include Q2 2025 earnings with a sales increase but missed revenue expectations, Q3 2025 earnings with revenues in line with estimates and non-GAAP profit beating consensus, a new $300 million revolving credit facility, preliminary Q4 2025 revenue and 2026 guidance, a stock price drop on January 13, 2026, and analyst rating changes with upgrades and downgrades.

Demand for Astronics Corp.'s products and services can fluctuate with economic cycles and geopolitical tensions. The Aerospace segment's growth is influenced by the commercial transport and military aircraft markets. Demand in commercial transport is boosted by increasing needs for cabin power and in-flight entertainment & connectivity (IFEC) products, driven by global air travel demand. Military aircraft sales are supported by ongoing defense activities and the demand for lighting and safety products. The aerospace industry is experiencing a substantial backlog of commercial aircraft and defense systems, indicating sustained demand over the long term.

Astronics Corp. is a provider of advanced technologies to the aerospace, defense, and electronics industries, operating through Aerospace and Test Systems segments. The Aerospace segment offers products like aircraft lighting, cabin electronics, and power systems, serving airframe manufacturers and airlines. The Test Systems segment designs automated test systems for aerospace, defense, communications, and mass transit industries. Astronics is known for its lighting and electronics integrations on military, commercial, and business aircraft, as well as semiconductor test systems.

Astronics Corp. serves a global customer base, with a significant majority of its revenue generated from the United States. The company delivers solutions worldwide to leading companies such as Airbus, American Airlines, Boeing, Delta Air Lines, Lockheed Martin, NASA, Raytheon Technologies, and various branches of the U.S. military.

Astronics' brand reputation has been impacted by past legal challenges. In 2010, Lufthansa Technik AG filed a patent infringement lawsuit against Astronics' Advanced Electronic Systems (AES) subsidiary regarding its EmPower in-seat power supplies. The suit was ruled in Lufthansa's favor in 2015, leading to Astronics being ordered to pay $3.2 million plus interest (totaling $4.5 million by the end of 2019). A second suit from Lufthansa is expected to result in a further $16 million payment from Astronics.

Astronics Corp. is primarily owned by institutional shareholders (81.74%), with insiders holding 34.28% and retail investors holding 0.00%. Major institutional owners include BlackRock, Inc., Vanguard Group Inc, and State Street Corp. Key individual owners (insiders) include Kevin T. Keane (13.47%), Robert S. Keane (9.81%), and Peter J. Gundermann, Chairman, President, and CEO, directly owns about 2.3% of the shares.