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October 09, 2015 5:03 AM ET

Electronic Equipment, Instruments and Components

Company Overview of Astronics Test Systems Inc.

Company Overview

Astronics Test Systems Inc. designs, develops, manufactures, and supplies test and measurement systems. It offers instruments that include chassis, digital test instruments, analog stimulus instruments, test instruments, prototyping modules, and portable products; and switching and RF interface units. The company also develops software for test instrumentation that supports guidance systems, flight hardware, aircraft engines, and other mission-critical systems. In addition, it offers support services, training, and technical assistance through a network of support facilities worldwide. The company serves defense electronic, semiconductor production, commercial manufacturing, and medical elec...

4 Goodyear

Irvine, CA 92618

United States

Founded in 1961





Key Executives for Astronics Test Systems Inc.

President and Chief Operating Officer
Vice President of Instruments Business Unit - Racal Instruments
Vice President of Engineering
Business Communications Manager
Strategic Sales Manager
Compensation as of Fiscal Year 2015.

Astronics Test Systems Inc. Key Developments

Astronics Test Systems Wins $36.4 Million from the U.S. Navy

Astronics Test Systems won a follow-on 5-year production contract from the U.S. Navy. The contract is a firm-fixed price $36.4 million indefinite delivery/indefinite quantity agreement to manufacture, test and deliver the Radio Frequency Distribution and Control System (RFDACS) and associated spare parts for the navy's fleet of submarines.

Astronics Test Systems Inc. Reports Unaudited Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Revenue Guidance for 2015

Astronics Test Systems Inc. reported unaudited earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, sales increased $34.7 million to $37.5 million compared with sales of $2.8 million for the same period in 2013. Operating profit was $4.4 million compared with an operating loss of $0.9 million in the same period last year. The improvement was a result of the operating profit from ATS. Test Systems fourth quarter operating profit was negatively impacted by $0.8 million in expense for the fair value step-up of acquired inventory. Additionally, amortization expense in the fourth quarter relating to the acquisition was $0.6 million. For 2014, sales increased $156.9 million to $166.3 million compared with sales of $9.4 million for 2013. Incremental sales to both the Commercial Electronics and Military markets from the acquisition of ATS drove the growth. Sales from this acquired business were $159.2 million in 2014; organic Test System sales were $7.1 million for 2014. Operating profit was $12.4 million compared with an operating loss of $3.8 million for 2013. For 2015, The company expects revenue of approximately $130 million to $160 million.

Astronics Test Systems Wins $88 Million Contract

Astronics Test Systems has been awarded a follow-on order from its large customer valued at approximately $88 million. The order is for several, highly-engineered production test systems, and includes on-site engineering and uptime support for the installed units. With this order, Astronics preliminarily expects 2015 consolidated revenue to be in the range of $655 million to $695 million.

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