February 26, 2015 6:26 PM ET

Electronic Equipment, Instruments and Components

Company Overview of Astronics Test Systems Inc.

Company Overview

Astronics Test Systems Inc. designs, develops, and manufactures product support solutions for electronics designers, manufacturers, and repair/support providers worldwide. The company offers a range of products and capabilities that include integrated test solutions, custom designs, turn-key hardware and software systems, commercial-off-the-shelf instrumentation, test software, and engineering solutions that address test instrumentation obsolescence. It offers test instrumentation architectures, which include chassis, digital test instruments, analog stimulus instruments, dynamic test instruments, and prototyping modules; and Ethernet-controlled switching systems and radio frequency interfac...

4 Goodyear

Irvine, CA 92618-2002

United States

Founded in 1959





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 2014.

Astronics Test Systems Inc. Key Developments

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.

Similar Private Companies By Industry

Company Name Region
Ltd Ceramics, Inc. United States
Explore Consulting, LLC United States
CNE Direct, Inc. United States
Metavac LLC United States
K2 Optronics, Inc. United States

Recent Private Companies Transactions

No transactions available in the past 12 months.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
NYC2012, Inc. United States
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Rush University United States
Greater Houston Partnership United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Astronics Test Systems Inc., please visit www.eads-nadefense.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.