ATROB - Astronics gets purchase orders from 10 eVTOL aircraft makers
2023-08-01 10:14:00 ET
- Astronics ( NASDAQ: ATRO ) said Tuesday it accepted purchase orders to provide certain electrical power distribution, conversion, and vehicle charge control capabilities from ten eVTOL aircraft OEMs.
- These orders include Astronics' ( ATRO ) program win to provide Lilium Jet's electrical power distribution system.
- The combined orders, which represent ~$20M in sales over the period to certification, consist of hardware deliveries and engineering support for aircraft certification.
- Once certified, Astronics ( ATRO ) expects the initial sales to result in long-term production contracts.
- Earlier, Astronics ( ATRO ) projected Q2 revenue at higher end of prior guidance range .
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Astronics gets purchase orders from 10 eVTOL aircraft makers