Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for the global aerospace, defense, and other mission critical industries, announced today that its wholly owned subsidiary, Astronics PECO, was awarded a multi-year contract extension to provide custom manufactured interior and structural components to Boeing for multiple aircraft platforms.
Under the contract extension, Astronics PECO will continue to provide its innovative passenger service units (PSUs), fuel tank access doors and environmental control system components, among other parts. The products will serve on a variety of Boeing aircraft, including Boeing 737, 747, 767, 777 and KC-46 models.
Peter J. Gundermann, President and CEO of Astronics Corporation, commented, “We enjoy a long-standing, valued relationship with Boeing, which has been reaffirmed with this long-term commitment for us to provide them with custom manufactured interior and structural components for multiple aircraft platforms. We believe our design and manufacturing capability, throughput capacity and on-time delivery records enable us to continue to win this business. We are grateful for the confidence that Boeing expresses in us to meet their needs with quality products.”
Key data points: The market size in 2031 = $6.9 billion, growth forecast = 3.8% annually for the next 7 years. Scroll below to get more insights. This market report covers trends, opportunities, and forecasts in the global flight inspection market to 2031 by solution (service and system), end use (commercial airports, defense airports, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)
Download free sample pagesAstronics PECO offers nearly 50 years of design engineering and contract manufacturing expertise to aerospace and defense companies, producing a variety of sophisticated technical products from aircraft PSUs to environmental control components to missile parts. Capabilities include multi-disciplined design engineering and qualification, as well as highly integrated manufacturing operations providing custom-injection molding, die-casting, CNC machining, NADCAP-accredited bonding/chemical/finishing processes, integrated assembly and testing.
