ATRO - Astronics bags $40M U.S. marine Corps contract
2023-04-06 09:03:27 ET
- Astronics' ( NASDAQ: ATRO ) wholly owned subsidiary, Astronics Test Systems awarded a firm fixed price, ID/IQ to produce portable radio test equipment for the U.S. Marine Corps’ Handheld Radio Test Sets program.
- The contract is for a five-year term and is valued at ~$40M.
- Under the agreement, Astronics will provide portable radio test capability to the Marines, ensuring communication systems operate as designed in remote and forward deployed positions.
- An initial task order is expected to be issued to Astronics in the coming months to be executed over the remainder of 2023 and 2024.
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Astronics bags $40M U.S. marine Corps contract