Electronic Equipment, Instruments and Components
Company Overview of Astronics Test Systems Inc.
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...
Irvine, CA 92618-2002
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
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
Feb 19 15
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
Dec 22 14
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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