The story
CEO
Kevin Keane, 1972-2002 Chairman of the Board 2002-2019
Peter Gundermann, 2003–present, Chairman of the board 2019–present Act
From Wikipedia’s article on Astronics, shared under CC BY-SA 4.0.9
ATRO on Nasdaq
Astronics
Logo: MichelleManson, CC BY-SA 4.0, via Wikimedia Commons5
American aerospace electronics corporation
Astronics Corporation is an American aerospace electronics corporation founded in 1968, headquartered in East Aurora, New York. It is traded on NASDAQ as Nasdaq: ATRO. It is known for lighting and electronics integrations on military, commercial, and business aircraft and semiconductor test systems.3 Wikipedia text CC BY-SA 4.0
Price unavailable
Last updated Oct 21, 2026.
Overview
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- TickerATRO on Nasdaq1
- IndustryAircraft Parts & Auxiliary Equipment, NEC1
- HeadquartersEast Aurora1
- Websitewww.astronics.com
- Incorporated inNY8
- Business address130 Commerce Way, -, East Aurora, Ny 14052-21648
- Filer categoryLarge accelerated filer8
- Legal formBusiness Corporation4
- LEI549300NNXCF8H4MSMK174
- StatusActive4
- LEI statusIssued and current4
- Registered address130 COMMERCE WAY, 14052 East Aurora, United States4
- Registered withCorporation and Business Entity Database (Division of Corporations, State Records and UCC, Department of State), 1711994
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Astronics Corporation is an American aerospace electronics corporation founded in 1968, headquartered in East Aurora, New York. It is traded on NASDAQ as Nasdaq: ATRO. It is known for lighting and electronics integrations on military, commercial, and business aircraft and semiconductor test systems.3
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
29.9%Gross margin7
8.9%Operating margin7
3.4%Net margin7
8.4%Revenue growth, 20256
21.0%Return on equity7
2.39×Debt to equity7
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Business segments
Aerospace brought in 92% of the revenue Astronics broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| Aerospace | $604.8M | $706.7M | $797.3M |
| Test Systems | $84.4M | $88.7M | $64.8M |
Regions
United States brought in 71% of the revenue Astronics broke down this way in fiscal 2025.
Regions by year
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| United States | $518.1M | $593.9M | $615.1M |
| Europe | $123.7M | $139.4M | $153.4M |
| Asia | $26.2M | $44.2M | $73.3M |
| North America, Excluding United States | $14.9M | $13.1M | $14.6M |
| Other Continent | $4.3M | $3.4M | $3.6M |
| South America | $2.1M | $1.4M | $2.1M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue70¢$604.0M
- Research and development5¢$43.5M
- Selling, general and admin16¢$138.3M
- Other costs5¢$44.5M
- Income tax0¢$2.6M
- Profit3¢$29.4M
Where each dollar of operating cash went, fiscal 2025
- Kept or used elsewhere100¢$74.8M
Out of $74.8M of cash from operations.7
Financial statements
Every line of the income statement as filed: the last 3 fiscal years (annual) or 2 quarters (quarterly), latest first.7
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Sales | $862.1M | $795.4M | $689.2M |
| Cost of Products Sold | $604.0M | $575.0M | $514.7M |
| Gross Profit | $258.2M | $220.4M | $174.5M |
| Research and Development Expenses | $43.5M | $52.1M | $53.7M |
| Selling, General and Administrative Expenses | $138.3M | $141.9M | $127.5M |
| Income (Loss) from Operations | $76.4M | $26.5M | -$6.7M |
| Net Gain on Sale of Businesses | $0 | $0 | $3.4M |
| Loss on Settlement of Debt | $32.6M | $10.1M | $0 |
| Other (Income) Expense, Net | -$738.0K | $2.2M | -$261.0K |
| Interest Expense, Net of Interest Income | $12.6M | $22.0M | $23.3M |
| Income (Loss) Before Income Taxes | $31.9M | -$7.9M | -$26.3M |
| Provision for Income Taxes | $2.6M | $8.3M | $110.0K |
| Net Income (Loss) | $29.4M | -$16.2M | -$26.4M |
| Basic Earnings (Loss) Per Share (in usd per share) | $0.83 | -$0.46 | -$0.80 |
| Diluted Earnings (Loss) Per Share (in usd per share) | $0.81 | -$0.46 | -$0.80 |
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Sales | $240.1M | $208.5M |
| Gross Profit | $80.0M | $62.1M |
| Loss on Settlement of Debt | $3.2M | |
| Income (Loss) Before Income Taxes | $32.2M | $576.0K |
| Net Income (Loss) | $29.6M | -$2.8M |
| Basic Earnings (Loss) Per Share (in usd per share) | $0.83 | -$0.08 |
| Diluted Earnings (Loss) Per Share (in usd per share) | $0.78 | -$0.08 |
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.7
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2023-07-31 |
|---|---|---|---|---|
| Cash and Cash Equivalents | $18.2M | $9.3M | ||
| Restricted Cash | $0 | $9.1M | ||
| Accounts Receivable, Net of Allowance for Estimated Credit Losses | $204.7M | $191.4M | ||
| Inventories | $196.9M | $199.7M | ||
| Prepaid Expenses and Other Current Assets | $18.0M | $16.6M | ||
| Total Current Assets | $437.7M | $426.2M | ||
| Property, Plant and Equipment, Net of Accumulated Depreciation | $107.1M | $80.7M | ||
| Operating Right-of-Use Assets | $32.3M | $23.6M | ||
| Other Assets | $11.3M | $7.8M | ||
| Intangible Assets, Net of Accumulated Amortization | $55.4M | $52.5M | ||
| Goodwill | $62.9M | $58.1M | $58.2M | |
| Total Assets | $706.7M | $648.8M | ||
| Accounts Payable | $41.1M | $43.0M | ||
| Accrued Payroll and Employee Benefits | $34.9M | $33.4M | ||
| Accrued Income Taxes | $1.4M | $6.7M | ||
| Current Operating Lease Liabilities | $5.8M | $4.7M | ||
| Other Accrued Expenses | $32.0M | $40.9M | ||
| Customer Advanced Payments and Deferred Revenue | $26.1M | $27.5M | ||
| Total Current Liabilities | $141.3M | $156.2M | ||
| Long-term Debt | $334.5M | $168.7M | ||
| Supplemental Retirement Plan and Other Liabilities for Pension Benefits | $27.4M | $24.1M | ||
| Long-term Operating Lease Liabilities | $38.1M | $20.5M | ||
| Other Liabilities | $24.8M | $21.8M | ||
| Deferred Income Taxes | $640.0K | $1.4M | ||
| Total Liabilities | $566.6M | $392.7M | ||
| Additional Paid-in Capital | $4.9M | $144.1M | ||
| Accumulated Other Comprehensive Loss | -$4.4M | -$3.9M | ||
| Retained Earnings | $216.7M | $192.2M | ||
| Treasury Stock, 2,750,744 Shares at December 31, 2025 2,694,255 Shares at December 31, 2024 | -$77.5M | -$76.8M | ||
| Total Shareholders Equity | $140.1M | $256.1M | $249.5M | |
| Total Liabilities and Shareholders Equity | $706.7M | $648.8M | ||
| Common stock, par value (in usd per share) | $0.01 | |||
| Treasury stock, shares (in shares) | 2.8M shares | 2.7M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2023-07-31 |
|---|---|---|---|---|
| Cash and Cash Equivalents | $18.2M | $9.3M | ||
| Restricted Cash | $0 | $9.1M | ||
| Accounts Receivable, Net of Allowance for Estimated Credit Losses | $204.7M | $191.4M | ||
| Inventories | $196.9M | $199.7M | ||
| Prepaid Expenses and Other Current Assets | $18.0M | $16.6M | ||
| Total Current Assets | $437.7M | $426.2M | ||
| Property, Plant and Equipment, Net of Accumulated Depreciation | $107.1M | $80.7M | ||
| Operating Right-of-Use Assets | $32.3M | $23.6M | ||
| Other Assets | $11.3M | $7.8M | ||
| Intangible Assets, Net of Accumulated Amortization | $55.4M | $52.5M | ||
| Goodwill | $62.9M | $58.1M | $58.2M | |
| Total Assets | $706.7M | $648.8M | ||
| Accounts Payable | $41.1M | $43.0M | ||
| Accrued Payroll and Employee Benefits | $34.9M | $33.4M | ||
| Accrued Income Taxes | $1.4M | $6.7M | ||
| Current Operating Lease Liabilities | $5.8M | $4.7M | ||
| Other Accrued Expenses | $32.0M | $40.9M | ||
| Customer Advanced Payments and Deferred Revenue | $26.1M | $27.5M | ||
| Total Current Liabilities | $141.3M | $156.2M | ||
| Long-term Debt | $334.5M | $168.7M | ||
| Supplemental Retirement Plan and Other Liabilities for Pension Benefits | $27.4M | $24.1M | ||
| Long-term Operating Lease Liabilities | $38.1M | $20.5M | ||
| Other Liabilities | $24.8M | $21.8M | ||
| Deferred Income Taxes | $640.0K | $1.4M | ||
| Total Liabilities | $566.6M | $392.7M | ||
| Additional Paid-in Capital | $4.9M | $144.1M | ||
| Accumulated Other Comprehensive Loss | -$4.4M | -$3.9M | ||
| Retained Earnings | $216.7M | $192.2M | ||
| Treasury Stock, 2,750,744 Shares at December 31, 2025 2,694,255 Shares at December 31, 2024 | -$77.5M | -$76.8M | ||
| Total Shareholders Equity | $140.1M | $256.1M | $249.5M | |
| Total Liabilities and Shareholders Equity | $706.7M | $648.8M | ||
| Common stock, par value (in usd per share) | $0.01 | |||
| Treasury stock, shares (in shares) | 2.8M shares | 2.7M shares |
Every line of the cash flow as filed: the last 3 fiscal years, latest first.7
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net Income (Loss) | $29.4M | -$16.2M | -$26.4M |
| Depreciation and Amortization | $21.8M | $24.5M | $26.1M |
| Amortization of Deferred Financing Fees | $3.0M | $3.2M | $3.0M |
| Provisions for Non-Cash Losses on Inventory and Receivables | $10.0M | $13.8M | $16.0M |
| Equity-based Compensation Expense | $6.8M | $8.6M | $7.2M |
| Deferred Tax (Benefit) Expense | -$1.4M | -$20.0K | $146.0K |
| Loss on Settlement of Debt | $32.6M | $10.1M | $0 |
| Operating Lease Non-cash Expense | $6.2M | $5.2M | $5.1M |
| Simplification Initiative-related Non-cash Charges | $6.2M | $0 | $0 |
| Net Gain on Sale of Business, Before Taxes | $0 | $0 | -$3.4M |
| Non-cash 401K Contribution and Quarterly Bonus Accrual | $0 | $3.5M | $6.5M |
| Non-cash Annual Stock Bonus Accrual | $0 | $0 | $2.8M |
| Non-cash Litigation Provision Adjustment | $0 | $4.5M | -$1.3M |
| Non-cash Deferred Liability Recovery | $0 | $0 | -$5.8M |
| Other | -$418.0K | $5.8M | $1.9M |
| Accounts Receivable | -$8.1M | -$22.0M | -$31.9M |
| Inventories | -$4.4M | -$21.6M | -$13.3M |
| Accounts Payable | -$3.1M | -$17.7M | -$4.5M |
| Accrued Expenses | -$15.0M | $22.0M | $4.6M |
| Income Taxes | -$7.9M | $4.5M | -$1.9M |
| Operating Lease Liabilities | -$4.6M | -$5.1M | -$4.9M |
| Tenant Improvement Allowance Refund | $8.1M | $0 | $0 |
| Cloud Computing Implementation Costs | -$1.1M | $0 | $0 |
| Customer Advanced Payments and Deferred Revenue | -$4.2M | $5.7M | -$4.8M |
| Supplemental Retirement Plan Liabilities | -$716.0K | -$410.0K | -$408.0K |
| Other Assets and Liabilities | $1.6M | $2.3M | $1.3M |
| Net Cash from Operating Activities | $74.8M | $30.6M | -$23.9M |
| Capital Expenditures | -$31.7M | -$8.4M | -$7.6M |
| Acquisitions of Businesses, Net of Cash Acquired | -$22.1M | $0 | $0 |
| Proceeds from Sale of Businesses and Assets | $0 | $0 | $3.5M |
| Net Cash from Investing Activities | -$53.7M | -$8.4M | -$4.1M |
| Proceeds from Long-term Debt | $186.1M | $377.4M | $139.7M |
| Principal Payments on Long-term Debt | -$111.1M | -$374.9M | -$131.2M |
| Proceeds from Issuance of Convertible Debt | $225.0M | $0 | $0 |
| Partial Repurchase of 2030 Convertible Notes | -$285.8M | $0 | $0 |
| Payments for Capped Call Transactions | -$26.9M | $0 | $0 |
| Financing-Related Costs | -$10.4M | -$12.2M | -$6.8M |
| Financing Settlement Costs | $0 | -$4.5M | $0 |
| Stock Award and Employee Stock Purchase Plan (ESPP) activity | $753.0K | -$241.0K | $2.5M |
| Proceeds from At-the-Market (ATM) Stock Sales | $0 | $0 | $21.3M |
| Other | -$141.0K | -$145.0K | -$47.0K |
| Net Cash from Financing Activities | -$22.4M | -$14.5M | $25.4M |
| Effect of Exchange Rates on Cash | $1.1M | -$493.0K | $156.0K |
| (Decrease) Increase in Cash and Cash Equivalents and Restricted Cash | -$248.0K | $7.1M | -$2.5M |
| Interest Paid | $9.0M | $19.2M | $17.7M |
| Income Taxes Paid, Net of Refunds | $11.6M | $3.5M | $2.0M |
| Capital Expenditures in Accounts Payable | $2.0M | $0 | $0 |
No quarter-by-quarter statement was filed.
Corporate structure
Astronics sits at the top of its group. 25 entities, 10 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Astronics
- DIMENSIONAL FUND ADVISORS LP Filed SCHEDULE 13G/A on Astronics, latest Oct 8, 2026 (2 filings since Jul 14, 2026)
- AMERICAN CENTURY INVESTMENT MANAGEMENT INC Filed SCHEDULE 13G/A on Astronics, latest Aug 14, 2026 (2 filings since Feb 13, 2026)
- Capital International Investors Filed SCHEDULE 13G on Astronics, latest Aug 12, 2026 (3 filings since Feb 13, 2026)
- State Street Corporation Filed SCHEDULE 13G on Astronics, latest Aug 7, 2026 (4 filings since Feb 9, 2026)
- BlackRock Filed SCHEDULE 13G/A on Astronics, latest Aug 6, 2026 (8 filings since Feb 1, 2022)
- VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on Astronics, latest Apr 29, 2026
- VANGUARD GROUP INC Filed SCHEDULE 13G/A on Astronics, latest Mar 26, 2026 (4 filings since Feb 9, 2023)
- 325 CAPITAL LLC Filed SCHEDULE 13D/A on Astronics, latest Jan 15, 2026 (3 filings since Mar 21, 2022)
- ACK Asset Management LLC Filed SCHEDULE 13G/A on Astronics, latest Nov 18, 2025 (2 filings since Dec 12, 2024)
- Goldman Sachs Filed SCHEDULE 13G/A on Astronics, latest Aug 13, 2025 (2 filings since May 9, 2025)
- REDWOOD CAPITAL MANAGEMENT, LLC Filed SCHEDULE 13G/A on Astronics, latest May 15, 2025 (2 filings since Feb 14, 2025)
- NEXT CENTURY GROWTH INVESTORS LLC Filed SCHEDULE 13G/A on Astronics, latest Feb 13, 2025 (5 filings since Feb 11, 2022)
- Astronics East Aurora, New York, United States
- Alliance Technology HK Limited Subsidiary · Hong Kong
- Astronics Advanced Electronic Systems Corp. Subsidiary · Washington, United States
- Astronics AeroSat Corporation Subsidiary · New Hampshire, United States
- Astronics Air II LLC Subsidiary · New Hampshire, United States
- Astronics Connectivity Systems & Certification Corp. Subsidiary · Illinois, United States
- Astronics Connectivity Systems & Certification Ukraine Subsidiary · Ukraine
- Astronics DME LLC Subsidiary · Florida, United States
- Astronics France Subsidiary · France
- Astronics Germany GmbH Subsidiary · Germany
- Astronics Test Systems Inc. Subsidiary · Delaware, United States
- Diagnosys (Customer Support) Inc. Subsidiary · Florida, United States
- Diagnosys (Pinpoint) Inc. Subsidiary · Florida, United States
- Diagnosys Electronics (I) Private Limited Subsidiary · India
- Diagnosys Ferndown Limited Subsidiary · United Kingdom
- Diagnosys GmbH Subsidiary · Germany
- Diagnosys Holdings Inc. Subsidiary · Delaware, United States
- Diagnosys Systems, Inc. Subsidiary · Delaware, United States
- Envoy Aerospace LLC Subsidiary · Ohio, United States
- Huizhou Telefonix Technology Co., Ltd. Subsidiary · China
- Luminescent Systems Canada Inc. Subsidiary · Quebec, Canada
- Luminescent Systems Europe B.V.B.A. Subsidiary · Belgium
- Luminescent Systems, Inc. Subsidiary · New York, United States
- Peco, Inc. Subsidiary · Oregon, United States
- PGA Electronic s.a. Subsidiary · France
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Astronics reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Computer equipment and software | $2.8M7 Dec 31, 2025 | $07 Dec 31, 2024 | |
| Property and equipment, before depreciation | $243.6M7 Dec 31, 2025 | $210.6M7 Dec 31, 2024 | +15.7% |
| Accumulated depreciation | $136.5M7 Dec 31, 2025 | $129.9M7 Dec 31, 2024 | +5.1% |
| Property and equipment, net | $107.1M7 Dec 31, 2025 | $80.7M7 Dec 31, 2024 | +32.7% |
| Finance-lease assets | $180.0K15 Dec 31, 2024 | $194.0K15 Dec 31, 2023 | −7.2% |
| Operating-lease assets (leased space) | $32.3M7 Dec 31, 2025 | $23.6M7 Dec 31, 2024 | +36.7% |
Investments
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $62.9M7 Dec 31, 2025 | $58.1M7 Dec 31, 2024 | +8.4% |
| Intangible assets, net (excluding goodwill) | $55.4M7 Dec 31, 2025 | $52.5M7 Dec 31, 2024 | +5.5% |
| Finite-lived intangibles, gross | $229.3M7 Dec 31, 2025 | $214.5M7 Dec 31, 2024 | +6.9% |
| Accumulated amortization | $173.9M7 Dec 31, 2025 | $162.0M7 Dec 31, 2024 | +7.4% |
Inventory
| Item | Latest | A year before | Change |
|---|---|---|---|
| Inventory, total | $196.9M7 Dec 31, 2025 | $199.7M7 Dec 31, 2024 | −1.4% |
| Raw materials | $125.3M7 Dec 31, 2025 | $139.9M7 Dec 31, 2024 | −10.4% |
| Work in process | $38.7M7 Dec 31, 2025 | $31.9M7 Dec 31, 2024 | +21.2% |
| Finished goods | $32.8M7 Dec 31, 2025 | $27.9M7 Dec 31, 2024 | +17.5% |
Properties, in its own words
On December 31, 2025, we own or lease 1,213,000 square feet of space, distributed by segment as follows:
Owned · Leased · Total
The rest of Item 2
Aerospace · 627,000 · 459,000 · 1,086,000
Test Systems · — · 127,000 · 127,000
Total Square Feet · 627,000 · 586,000 · 1,213,000
We have principal operations in the U.S., Canada, France and Germany, as well as engineering offices in Ukraine and India.
Upon the expiration of our current leases, we believe that we will be able to either secure renewal terms or enter into leases for or purchases of alternative locations at market terms. We believe that our properties have been adequately maintained and are generally in good condition.
Item 2 of the 10-K filed Feb 26, 2026.22
Leadership
Who has led Astronics, and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
197019801990200020102020
- Chief executive officerPeter J. Gundermann Apr 18, 2005 to now23
- ChairKevin T. Keane Dec 9, 2003 to Oct 20, 200824
- PresidentPeter J. Gundermann Oct 1, 2004 to now25
- Chief financial officerDavid C. Burney Aug 6, 2014 to Oct 2, 202426
Board members and other officers (20)
- SecretaryJulie M. Davis Mar 5, 2026 to now27
- Executive Vice PresidentMichael C. Kuehn Jan 8, 2019 to May 14, 202428
- Principal Accounting OfficerNancy L. Hedges Dec 16, 2014 to now29
- VP Luminescent Systems, Inc.James S. Kramer Dec 3, 2010 to Oct 2, 202430
- VP Astronics Advanced ElectronMark Peabody Dec 3, 2010 to now31
- VP-Finance, TreasurerDavid C. Burney Feb 20, 2004 to Jul 9, 201432
- Board memberFay West Feb 12, 2025 to now33
- Board memberLinda O'Brien Mar 6, 2023 to now34
- Board memberTonit M. Calaway Sep 27, 2019 to May 31, 202235
- Board memberRobert Keane Dec 18, 2019 to now36
- Board memberMark J. Moran Dec 26, 2018 to now37
- Board memberJeffry D. Frisby Oct 13, 2016 to now38
- Board memberNeil Y. Kim Oct 13, 2016 to now39
- Board memberWarren C. Johnson Oct 13, 2016 to now40
- Board memberKevin T. Keane Mar 6, 2009 to May 21, 201941
- Board memberRaymond W. Boushie Jan 21, 2005 to Feb 27, 202342
- Board memberJohn B. Drenning Feb 17, 2004 to Sep 25, 201943
- Board memberRobert T. Brady Feb 17, 2004 to now44
- Board memberPeter J. Gundermann Feb 20, 2004 to now45
- Board memberRobert J. McKenna Feb 20, 2004 to Oct 16, 201846
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- Alliance Technology HK Limited Hong Kong10
- Astronics Advanced Electronic Systems Corp. Washington, USA10
- Astronics AeroSat Corporation New Hampshire, USA10
- Astronics Air II LLC New Hampshire, USA10
- Astronics Connectivity Systems & Certification Corp. Illinois, USA10
- Astronics Connectivity Systems & Certification Ukraine Ukraine10
- Astronics DME LLC Florida, USA10
- Astronics France France10
- Astronics Germany GmbH Germany10
- Astronics GmbH Germany10
- Astronics Test Systems Inc. Delaware, USA10
- Diagnosys (Customer Support) Inc. Florida, USA10
- Diagnosys (Pinpoint) Inc. Florida, USA10
- Diagnosys Electronics (I) Private Limited India10
- Diagnosys Ferndown Limited England10
- Diagnosys GmbH Germany10
- Diagnosys Holdings Inc. Delaware, USA10
- Diagnosys Inc. Delaware, USA10
- Diagnosys Systems, Inc. Delaware, USA10
- Envoy Aerospace LLC Ohio, USA10
- Huizhou Telefonix Technology Co., Ltd. China10
- Luminescent Systems Canada Inc. Quebec, Canada10
- Luminescent Systems Europe B.V.B.A. Belgium10
- Luminescent Systems, Inc. New York, USA10
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Acquisitions
PECO for $136 million on July 18th, 2013.
PGA Electronic for $105 million on December 6th, 2013.
Custom Control Concepts on April 3rd, 2017.
Telefonix Inc. and Product Development Technologies for $105 million on December 1st, 2017.
Read the full text
Divested semiconductor Automatic Test Equipment division to Advantest for $185 million on February 14th, 2019.
Freedom Communication Technologies for $22 million on July 1st, 2019.
Diagnosys Test Systems for $7 million on October 4th, 2019.
From Wikipedia’s article on Astronics, shared under CC BY-SA 4.0.9
Timeline
- Aug 11, 20268-K Results of operations47
- Jun 1, 20268-K Regulation FD disclosure48
- May 28, 20268-K Shareholder vote49
- May 12, 20268-K Results of operations50
- Feb 24, 20268-K Results of operations51
- Feb 5, 20268-K Results of operations52
- Jan 14, 20268-K Results of operations; Regulation FD disclosure53
- Jan 8, 20268-K Results of operations54
- Nov 4, 20258-K Results of operations55
- Oct 22, 20258-K Entered a material agreement; Ended a material agreement; New debt or obligation56
- Sep 16, 20258-K Entered a material agreement; New debt or obligation; Unregistered sale of shares57
- Sep 9, 20258-K Other events58
- Apr 18, 2005New chief executive Peter J. Gundermann becomes CEO23
- 1992Went public Listed on NASDAQ1
- Dec 5, 1968Founded Founded1
Calendar
Coming up
- Nov 3, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.41 a share, on Nov 4, 2025.59
When it reported results
- Aug 11, 2026Reported quarterly or annual results47
- May 12, 2026Reported quarterly or annual results50
- Feb 24, 2026Reported quarterly or annual results51
- Feb 5, 2026Reported quarterly or annual results52
- Jan 14, 2026Reported quarterly or annual results53
- Jan 8, 2026Reported quarterly or annual results54
- Nov 4, 2025Reported quarterly or annual results55
- Aug 6, 2025Reported quarterly or annual results60
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
393 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 51 major events, 244 insider forms, 44 large holders, 34 other. The latest 20:
- Oct 8, 2026SCHEDULE 13G/A EDGAR
- Oct 2, 20264 EDGAR
- Oct 2, 20264 EDGAR
- Oct 2, 20264 EDGAR
- Oct 2, 20264 EDGAR
- Sep 18, 20264 EDGAR
- Aug 26, 20264 EDGAR
- Aug 19, 20264 EDGAR
- Aug 19, 20264 EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Aug 12, 2026SCHEDULE 13G EDGAR
- Aug 12, 202610-Q EDGAR
- Aug 11, 20268-K EDGAR
- Aug 7, 2026SCHEDULE 13G EDGAR
- Aug 6, 2026SCHEDULE 13G/A EDGAR
- Jul 14, 2026SCHEDULE 13G EDGAR
- Jul 8, 2026SCHEDULE 13G EDGAR
- Jul 8, 2026SCHEDULE 13G EDGAR
- Jun 17, 20264 EDGAR
- Jun 17, 20264 EDGAR
The 393 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
15 open-market trades by officers, directors and large owners since October 2021: 4 buys and 11 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Dec 1, 2025 | Mulato James | Sale | 9,734 | $53.24 | $518.2K | Form 4 |
| Sep 5, 2025 | Mulato James | Sale | 1,129 | $38.16 | $43.1K | Form 4 |
| May 9, 2025 | Keane Robert SDirector | Sale | 37,700 | $26.50 | $999.0K | Form 4 |
| May 8, 2025 | Keane Robert SDirector | Sale | 200,000 | $27.01 | $5.4M | Form 4 |
| Mar 7, 2025 | Keane Robert SDirector | Sale | 77,099 | $24.55 | $1.9M | Form 4 |
| Dec 23, 2024 | PEABODY MARKExecutive VP & Pres-Aerospace | Sale | 511 | $15.75 | $8.1K | Form 4 |
| Mar 14, 2024 | Kuehn Michael CExecutive Vice President | Sale | 7,074 | $17.72 | $125.4K | Form 4 |
| Mar 4, 2024 | Keane Robert SDirector | Sale | 2,933 | $19.09 | $56.0K | Form 4 |
| Mar 1, 2024 | Keane Robert SDirector | Sale | 32,594 | $19.09 | $622.2K | Form 4 |
| Feb 29, 2024 | Kuehn Michael CExecutive Vice President | Sale | 2,209 | $20.16 | $44.5K | Form 4 |
| Jun 6, 2023 | Keane Robert SDirector | Sale | 6,500 | $17.00 | $110.5K | Form 4 |
| Sep 15, 2022 | JOHNSON WARREN CDirector | Buy | 5,700 | $8.65 | $49.3K | Form 4 |
| Sep 9, 2022 | Hedges Nancy LPrincipal Accounting Officer | Buy | 2,400 | $8.91 | $21.4K | Form 4 |
| Sep 7, 2022 | FRISBY JEFFRY DDirector | Buy | 4,784 | $8.50 | $40.7K | Form 4 |
| Sep 6, 2022 | FRISBY JEFFRY DDirector | Buy | 216 | $8.50 | $1.8K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- DIMENSIONAL FUND ADVISORS LPSCHEDULE 13G/A, 2 filings Jul 14, 2026 to Oct 8, 202661
- AMERICAN CENTURY INVESTMENT MANAGEMENT INCSCHEDULE 13G/A, 2 filings Feb 13, 2026 to Aug 14, 202662
- Capital International InvestorsSCHEDULE 13G, 3 filings Feb 13, 2026 to Aug 12, 202663
- State Street CorporationSCHEDULE 13G, 4 filings Feb 9, 2026 to Aug 7, 202664
- BlackRockSCHEDULE 13G/A, 8 filings Feb 1, 2022 to Aug 6, 202665
- VANGUARD CAPITAL MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 29, 202666
- VANGUARD GROUP INCSCHEDULE 13G/A, 4 filings Feb 9, 2023 to Mar 26, 202667
- 325 CAPITAL LLCSCHEDULE 13D/A, 3 filings Mar 21, 2022 to Jan 15, 202668
- ACK Asset Management LLCSCHEDULE 13G/A, 2 filings Dec 12, 2024 to Nov 18, 202569
- Goldman SachsSCHEDULE 13G/A, 2 filings May 9, 2025 to Aug 13, 202570
- REDWOOD CAPITAL MANAGEMENT, LLCSCHEDULE 13G/A, 2 filings Feb 14, 2025 to May 15, 202571
- NEXT CENTURY GROWTH INVESTORS LLCSCHEDULE 13G/A, 5 filings Feb 11, 2022 to Feb 13, 202572
- Patricia DowdenSCHEDULE 13G/A, 1 filing Jan 7, 202573
- Bares Capital Management, Inc.SC 13G, 1 filing Feb 14, 202374
- Paradice Investment Management LLCSC 13G/A, 2 filings Feb 10, 2022 to Feb 8, 202375
- ROYCE & ASSOCIATES LPSC 13G/A, 2 filings Jan 31, 2022 to Jan 27, 202376
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Peter J. GundermannPresident & CEO | 63 | $658.6K | $3.1M77 |
| 2025 | Mark A. PeabodyPresident of Aerospace Segment | $554.9K | $1.5M77 | |
| 2025 | Nancy L. HedgesVP, CFO & Treasurer | $369.2K | $1.2M77 | |
| 2025 | James F. MulatoPresident of Astronics Test Systems, Inc. | $402.3K | $1.2M77 | |
| 2025 | Julie M. DavisGeneral Counsel ( 5 ) | $300.0K | $584.5K77 | |
| 2025 | David C. BurneyFormer Executive VP Finance, CFO and Treasurer | $66.7K77 | ||
| 2024 | Peter J. GundermannPresident & CEO | 63 | $636.3K | $2.9M77 |
| 2024 | Mark A. PeabodyPresident of Aerospace Segment | $536.2K | $1.5M77 | |
| 2024 | David C. BurneyFormer Executive VP Finance, CFO and Treasurer | $396.1K | $1.4M77 | |
| 2024 | James F. MulatoPresident of Astronics Test Systems, Inc. | $388.7K | $1.2M77 | |
| 2024 | Nancy L. HedgesVP, CFO & Treasurer | $296.0K | $749.9K77 | |
| 2023 | Peter J. GundermannPresident & CEO | 63 | $606.3K | $2.0M77 |
| 2023 | Mark A. PeabodyPresident of Aerospace Segment | $510.3K | $991.3K77 | |
| 2023 | James F. MulatoPresident of Astronics Test Systems, Inc. | $370.2K | $810.0K77 | |
| 2023 | David C. BurneyFormer Executive VP Finance, CFO and Treasurer | $377.2K | $787.6K77 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| BlackRock, Inc. | 3,056,789 | $248.4M | 0.0% | +231,379 |
| State Street Corp | 2,051,242 | $166.7M | 0.0% | −298,573 |
| American Century Companies Inc | 1,436,706 | $116.7M | 0.1% | −300,867 |
| Vanguard Capital Management LLC | 1,419,352 | $115.3M | 0.0% | +30,453 |
| Capital International Investors | 1,324,626 | $107.6M | 0.0% | +35,679 |
| Geode Capital Management, LLC | 1,041,399 | $84.6M | 0.0% | +154,366 |
| Pertento Partners LLP | 993,637 | $80.7M | 5.8% | +178,304 |
| Next Century Growth Investors LLC | 743,086 | $60.4M | 3.2% | −43,231 |
| Ameriprise Financial Inc | 709,845 | $57.7M | 0.0% | +259,178 |
| Dimensional Fund Advisors LP | 676,931 | $55.0M | 0.0% | +3,171 |
| Capital World Investors | 576,671 | $46.9M | 0.0% | +15,732 |
| Emerald Advisers, LLC | 513,984 | $41.8M | 1.0% | +64,858 |
| Goldman Sachs Group Inc | 484,353 | $39.4M | 0.0% | +29,299 |
| Westwood Holdings Group Inc | 430,281 | $35.0M | 0.3% | New |
| Morgan Stanley | 422,557 | $34.3M | 0.0% | −24,984 |
| Raymond James Financial Inc | 421,741 | $34.3M | 0.0% | −71,071 |
| Nuveen, LLC | 413,383 | $33.6M | 0.0% | +12,119 |
| D. E. Shaw & Co., Inc. | 406,571 | $33.0M | 0.0% | −201,878 |
| Vanguard Portfolio Management LLC | 400,061 | $32.5M | 0.0% | +34,047 |
| Royce & Associates LP | 393,413 | $32.0M | 0.3% | +30,030 |
| Ophir Asset Management Pty Ltd | 385,791 | $31.3M | 2.6% | New |
| First Eagle Investment Management, LLC | 385,452 | $31.3M | 0.0% | +193,126 |
| UBS Group AG | 347,555 | $28.2M | 0.0% | +56,411 |
| Fisher Asset Management, LLC | 333,965 | $27.1M | 0.0% | −14,877 |
| Point72 Asset Management, L.P. | 330,981 | $26.9M | 0.0% | −236,259 |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Astronics is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARASTRONICS CORP2
- CIK0000008063
- Employer ID (EIN)16-095930322
- Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company22
- Incorporated inNew York22
- Fiscal year endsDecember 312
- Industry code (SIC)3728 Aircraft Parts & Auxiliary Equipment, NEC2
- SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance2
- Business address130 Commerce Way, -, East Aurora, NY 14052-21642
- Phone716-805-15992
- Shares outstanding31,868,534 Common Class Undefined shares; 3,822,641 Common Class B shares as of Feb 19, 202622
- Public float$1.1B as of Jun 28, 202522
- AuditorErnst & Young LLP, Buffalo, New York PCAOB ID 42; it also attests to the company’s internal control over financial reporting22
- On EDGAR sinceMar 22, 19952
- Filings1,629 in all: 4 (930), 8-K (216), SC 13G/A (115), 10-Q (90), SC 13G (36), DEF 14A (31), 10-K (30), 3 (20)2
All 34 form types
4/A (16), UPLOAD (16), SCHEDULE 13G/A (14), SD (13), CORRESP (12), S-8 (12), SCHEDULE 13G (12), 8-K/A (10), DEFA14A (8), 10-Q/A (7), SC 13D/A (6), 10QSB (5), 144 (4), ARS (4), SC 13D (4), 10-K/A (3), PRE 14A (3), EFFECT (2), NT 10-Q (2), S-3 (2), 10KSB (1), 424B5 (1), DEFR14A (1), PRER14A (1), S-3/A (1), SCHEDULE 13D/A (1)
- Latest filingsAnnual report (10-K) Feb 26, 2026
Quarterly report (10-Q) Aug 12, 2026
Proxy statement (DEF 14A) Apr 17, 2026
Latest 8-K (8-K) Aug 11, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, $.01 par value per share | ATRO | The Nasdaq Stock Market LLC |
From the cover page of the 10-K filed Feb 26, 2026 (Section 12(b) of the Exchange Act).22
Risk factors and legal proceedings
The risks Astronics names in Item 1A of its 10-K filed Feb 26, 2026: 41 risks under these headings, as written.22
- Market Risks
- The loss of Boeing as a major customer or a significant reduction in business with this customer would reduce our sales and earnings.
- The markets we serve are cyclical and sensitive to domestic and foreign economic conditions, conflicts and events, which may cause our operating results to fluctuate.
- Our products are sold in highly competitive markets.
- We depend on government contracts and subcontracts with defense prime contractors and subcontractors that may not be fully funded, may be terminated, or may be awarded to our competitors. The failure to be awarded these contracts, the failure to receive funding or the termination of one or more of these contracts could reduce our sales.
- Contracting in the defense industry is subject to significant regulation, including rules related to bidding, billing and accounting kickbacks and false claims, and any non-compliance could subject us to fines and penalties or possible debarment.
- Strategic Risks
- If we are unable to adapt to technological change, demand for our products may be reduced.
- Our new product development efforts may not be successful, which could result in a reduction in our sales and earnings.
- We may incur losses and liabilities as a result of our acquisition strategy.
- Operational Risks
- Our business and operations could be adversely impacted in the event of a failure of our information technology infrastructure or adversely impacted by a successful cyber-attack.
The other 32 risks
- Our inability to adequately enforce and protect our intellectual property or defend against assertions of infringement could prevent or restrict our ability to compete.
- If critical components or raw materials used to manufacture our products or used in our development programs become scarce or unavailable, then we may incur delays in manufacturing and delivery of our products and in completing our development programs, which has damaged, and could continue to damage, our business, results of operations and financial condition.
- Our financial results could continue to be adversely impacted by the escalation of labor and benefit costs.
- Price inflation for labor and materials, further exacerbated by political and economic instability could adversely affect our business, results of operations and financial condition.
- If our subcontractors fail to perform their contractual obligations, our prime contract performance and our ability to obtain future business could be materially adversely affected.
- Some of our contracts contain late delivery penalties.
- Our results of operations are affected by our fixed-price contracts, which could subject us to losses in the event that we have cost overruns.
- The failure of our products may damage our reputation, necessitate a product recall or result in claims against us that exceed our insurance coverage, thereby requiring us to pay significant damages.
- Our operations depend on our manufacturing facilities, which are subject to physical and other risks that could disrupt production.
- We may be subject to work stoppages at our facilities or those of our principal customers and suppliers, which could seriously impact the profitability of our business.
- The construction of aircraft is heavily regulated, and failure to comply with applicable laws could reduce our sales or require us to incur additional costs to achieve compliance, and we may incur significant expenses to comply with new or more stringent governmental regulation.
- Financial Risks
- We have incurred losses in prior fiscal years and our future profitability is not certain.
- Our Revolving Credit Facility contains financial and restrictive covenants that we may be unable to satisfy, and that, if not satisfied, could result in the acceleration of any outstanding indebtedness thereunder and limit our ability to borrow additional funds.
- Our inability to raise funds necessary to repurchase, or settle conversions of, our Convertible Notes upon a fundamental change as described in the indenture governing the Convertible Notes, may lead to defaults under such indenture and under agreements governing our existing or future indebtedness.
- The conditional conversion feature of the Convertible Notes, if triggered, may adversely affect our financial condition and operating results.
- Conversion of the Convertible Notes will dilute the ownership interest of existing shareholders or may otherwise depress the price of our common stock.
- The amount of debt we have outstanding, as well as any debt we may incur in the future, could have an adverse effect on our operational and financial flexibility.
- A write-off of all or part of our goodwill or other intangible assets could adversely affect our operating results and net worth.
- Our future operating results could be impacted by estimates used to calculate impairment losses on goodwill and long-lived assets.
- Changes in discount rates and other estimates could affect our future earnings and equity.
- Changes in tax laws and regulations or exposure to additional tax liabilities could adversely affect our financial results.
- We are subject to financing and interest rate exposure risks that could adversely affect our business, liquidity and operating results.
- Legal and Compliance Risks
- We currently are involved in, and may become involved in the future in, legal proceedings that, if adversely adjudicated or settled, could materially and adversely impact our financial condition.
- Currently, our subsidiary, Astronics Advanced Electronic Systems Corp., is a defendant in actions filed in various jurisdictions by Lufthansa Technik AG relating to an allegation of patent infringement and based on rulings to date, we have concluded that losses related to these proceedings are probable and the amounts of such losses could be substantial.
- Our operations in foreign countries expose us to political and currency risks and adverse changes in local legal and regulatory environments.
- Government regulations could limit our ability to sell our products outside the U.S. and could otherwise adversely affect our business.
- Trade policies, treaties, and tariffs could materially adversely affect our business.
- We may face reputational, regulatory or financial risks from a perceived, or an actual, failure to achieve our sustainability goals.
- We are subject to extensive regulation and audit by the Defense Contract Audit Agency.
- We are subject to the requirements of the National Industrial Security Program Operating Manual for facility security clearance, which is a prerequisite for our ability to perform on classified contracts for the U.S. Government.
- General Risks
- Our future success depends to a significant degree upon the continued contributions of our management team and technical personnel.
- If we fail to meet expectations of securities analysts or investors due to fluctuations in our sales or operating results, our stock price could decline significantly.
Legal proceedings
Currently, we are involved in legal proceedings relating to allegations of patent infringement and, based on rulings to date, we have concluded that losses related to certain of these proceedings are probable. For a discussion of contingencies related to legal proceedings, see Note 19, Legal Proceedings and Other Matters, to our Consolidated Financial Statements in Item 8, Financial Statements and Supplementary Data, of this report.
The opening of Item 3, Legal Proceedings.22
Links
- Websitewww.astronics.com1
- WikipediaAstronics
- WikidataQ27963459
- SEC EDGARCIK 8063
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataAstronics on Wikidata
- 2SEC EDGARAstronics filings on SEC EDGAR
- 3WikipediaAstronics on Wikipedia
- 4
- 5Wikimedia CommonsAstronics logo by MichelleManson, CC BY-SA 4.0
- 6SEC EDGARAstronics 10-K for fiscal 2025
- 7SEC EDGARAstronics 10-K for fiscal 2025
- 8SEC EDGARAstronics filings on SEC EDGAR
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- 10
- 11SEC EDGARAstronics 10-K for fiscal 2018
- 12SEC EDGARAstronics 10-K for fiscal 2019
- 13SEC EDGARAstronics 10-K for fiscal 2020
- 14SEC EDGARAstronics 10-K for fiscal 2021
- 15SEC EDGARAstronics 10-K for fiscal 2022
- 16SEC EDGARAstronics 10-Q for fiscal 2025
- 17SEC EDGARAstronics 10-Q for fiscal 2025
- 18SEC EDGARAstronics 10-K for fiscal 2018
- 19SEC EDGARAstronics 10-K for fiscal 2018
- 20SEC EDGARAstronics 10-Q for fiscal 2025
- 21SEC EDGARAstronics 10-Q for fiscal 2025
- 22
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- 24SEC EDGARKevin T. Keane, Chair
- 25SEC EDGARPeter J. Gundermann, President
- 26
- 27SEC EDGARJulie M. Davis, Secretary
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- 33SEC EDGARFay West, Board member
- 34SEC EDGARLinda O'Brien, Board member
- 35SEC EDGARTonit M. Calaway, Board member
- 36SEC EDGARRobert Keane, Board member
- 37SEC EDGARMark J. Moran, Board member
- 38SEC EDGARJeffry D. Frisby, Board member
- 39SEC EDGARNeil Y. Kim, Board member
- 40SEC EDGARWarren C. Johnson, Board member
- 41SEC EDGARKevin T. Keane, Board member
- 42SEC EDGARRaymond W. Boushie, Board member
- 43SEC EDGARJohn B. Drenning, Board member
- 44SEC EDGARRobert T. Brady, Board member
- 45SEC EDGARPeter J. Gundermann, Board member
- 46SEC EDGARRobert J. McKenna, Board member
- 47SEC EDGARResults of operations
- 48SEC EDGARRegulation FD disclosure
- 49SEC EDGARShareholder vote
- 50SEC EDGARResults of operations
- 51SEC EDGARResults of operations
- 52SEC EDGARResults of operations
- 53
- 54SEC EDGARResults of operations
- 55SEC EDGARResults of operations
- 56
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- 58SEC EDGAROther events
- 59NasdaqNasdaq calendar
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