- Lilium N.V. LILM has selected Astronics Corp ATRO to design, develop, and build its electrical power distribution system. Financial terms not disclosed.
- The supplier agreement follows over a year of collaborative work between the parties.
- Astronics will be responsible for the secondary power distribution units (SPDUs) and charging power distribution units (CPDUs).
- Lilium Jets will each be equipped with two SPDUs and one CPDU.
- SPDUs are responsible for high voltage (1000 VDC) to low voltage (28 VDC) conversion and low voltage distribution and protection.
- Price Action: ATRO shares are trading lower by 7.69% at $9.73 on the last check Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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