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Fly News Breaks for January 12, 2018
Jan 12, 2018 | 08:26 EDT
Canaccord analyst Ken Herbert noted Astronics announced an increase in 2018 revenue guidance with an increase in both its Aerospace and Test businesses. The analyst believes both should be a positive and he said estimates will move higher to reflect the likely tax benefits and will provide an additional tailwind. He does not believe the revenue inflection point has been fully reflected in the stock yet. Herbert reiterated his Buy rating and raised his price target to $48 from $46 on Astronics shares.
News For ATRO From the Last 2 Days
Oct 15, 2018 | 16:32 EDT
Astronics Corporation announced that the FAA recently granted Parts Manufacturer Approval, or PMA, for the next generation of LED Landing and Taxi Lights, provided by its wholly owned subsidiary Astronics Luminescent Systems Inc . With this designation, these advanced LED lights are approved for use on commercial, business, and general aviation aircraft. The Astronics LED lights replace the traditional filament-based lighting systems used for landing and taxi lighting on aircraft, delivering a MTBUR in excess of 30,000 hours compared with some traditional incandescent configurations that are rated at only 100 hours, saving maintenance time and effort and plane down time.