Astronics Bags $19M Follow-On Order From Collins Aerospace

Astronics Corp ATRO has secured a $19 million order from Raytheon Technologies Corp RTX subsidiary Collins Aerospace for business jet connectivity equipment to be delivered in 2022.
The order is a follow-on to the ~$11 million order announced in February 2021.
"We are excited to support the growing success of the Collins Aerospace Ku-band connectivity service," said Michael Kuehn, Astronics CSC President.
Price Action: ATRO shares traded lower by 1.39% at $14.22, while RTX was down by 0.65% at $86.7 on the last check Tuesday.