Astronics Corp. (ATRO) is “One to Watch”
Source: http://Blog.QualityStocks.net/?p=12116Posted on Wednesday, September 3rd, 2008 | In Small & Micro Cap
Astronics Corp. (ATRO:NASDAQ) is headquartered in West Aurora, New York. The company is a leader in advanced, high-performance lighting, electrical power generation, control, and distribution systems for the global aerospace industry. Astronics was named #1 on Fortune Small Business Magazine’s 2008 list of America’s 100 fastest-growing small public companies.
Astronics has a reputation for high-quality designs, exceptional responsiveness, strong brand recognition and best-in-class manufacturing practices. The company’s strategy is to expand the value and content it provides to various aircraft platforms through product development and acquisition. Astronics Corp. is uniquely positioned in its ability to address the complete lighting and electrical power system needs for the three major aircraft markets: military, commercial transport, and business jet markets.
Over the last decade, Astronics has positioned itself for growth on the premier, next-generation aircraft platforms with expanded value and content of products. Instead of being a supplier of individual components, Astronics has re-positioned itself as a system supplier providing complete lighting systems for the cockpit, cabin, and exterior of aircraft along with electrical power and distribution systems for both cabin and airframe power needs.
More than half of Astronics’ revenues currently come from aircraft cabin electronics systems which the company sells to major aircraft companies. Examples would include Astronics’ long-standing relationship with Brazil’s builder of regional jets – Embraer (ERJ) – and the use of the company’s systems in such next-generation aircraft as the Airbus A380 and the military’s V-22 Osprey and F-35 Joint Strike Fighter.
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