Astronics Awarded Contracts Valued up to $75 Million for Dual-Modem Modem Manager Units
May 24 2024 - 9:00AM
Business Wire
Astronics Dual-Modem Modem Manager (ModMan)
Ushers in the Next Chapter of Inflight Entertainment and
Connectivity by Enabling Airline Flexibility and Control
Astronics Corporation (Nasdaq: ATRO), a leading supplier of
advanced technologies and products to the global aerospace,
defense, and other mission-critical industries, announced today
that it has been awarded contracts from multiple customers for the
Astronics Dual-Modem ModMan (ADMM) valued up to approximately $75
million over the next 3 to 5 years. The Company expects to receive
a series of purchase orders throughout the duration of the
contracts.
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the full release here:
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Astronics ADMM shows off configurability
options provided by dual-modem functionality (Photo: Business
Wire)
“These contracts and the marketplace's positive reception of the
ADMM reflect our commitment to investing in reliable and affordable
inflight entertainment and connectivity hardware,” said Mike Kuehn,
President of Astronics CSC. “Serving as the brains behind our
connectivity platform, the ADMM seamlessly manages communication
between satellite and cabin wireless access points, ensuring
passengers to remain connected reliably. Designed for the future,
the modem manager is optimized to leverage both current and
emerging network technologies, delivering fast, secure, and
reliable IP communications for airline passengers, crew, and
operations personnel.”
The ADMM is unique in that it provides the means to support
multiple-orbit, multi-band capability in a single LRU providing a
faster time to market for Managed Service Providers (MSP),
airlines, and Original Equipment Manufacturers (OEMs) with the
ultimate in flexibility.
ADMM can be installed in retrofit and OEM applications and
includes up to two Satellite Communications (SATCOM) modems
selected from multiple network providers to create unprecedented
levels of reliability and configurability in an aerospace ModMan.
The novel platform-basis of ADMM is flexible and features a modem
agnostic design customizable to support satellite networking
configurations based on operator preference. ADMM supports
multi-orbit, multi-beam, and both Ku and Ka satellites to take
advantage of nearly any satellite network.
ADMM continues Astronics long line of proven leadership in the
industry, building on past generations of ModMan units. Astronics
is the world's most widely deployed provider of inflight
entertainment and connectivity hardware with over 5,000 aircraft
flying today.
For more details visit Astronics.com.
About Astronics Corporation
Astronics Corporation (Nasdaq: ATRO) serves the world’s
aerospace, defense, and other mission-critical industries with
proven innovative technology solutions. Astronics works
side-by-side with customers, integrating its array of power,
connectivity, lighting, structures, interiors, and test
technologies to solve complex challenges. For over 50 years,
Astronics has delivered creative, customer-focused solutions with
exceptional responsiveness. Today, global airframe manufacturers,
airlines, military branches, completion centers, and Fortune 500
companies rely on the collaborative spirit and innovation of
Astronics. The Company’s strategy is to increase its value by
developing technologies and capabilities that provide innovative
solutions to its targeted markets.
For more information on Astronics and its solutions, visit
Astronics.com.
Safe Harbor Statement
This news release contains forward-looking statements as defined
by the Securities Exchange Act of 1934. One can identify these
forward-looking statements by the use of the words “expect,”
“anticipate,” “plan,” “may,” “will,” “estimate,” “feeling” or other
similar expressions and include all statements with regard to
achieving any revenue or profitability expectations, the timing of
receipt of orders or future orders, the continued momentum in the
business and favorable tailwinds, the expectations of customer
enthusiasm and level of demand by customers and markets. Because
such statements apply to future events, they are subject to risks
and uncertainties that could cause actual results to differ
materially from those contemplated by the statements. Important
factors that could cause actual results to differ materially from
what may be stated here include the impact of global pandemics and
related governmental and other actions taken in response, the trend
in growth with passenger power and connectivity on airplanes, the
state of the aerospace and defense industries, the market
acceptance of newly developed products, internal production
capabilities, the timing of orders received, the status of customer
certification processes and delivery schedules, the demand for and
market acceptance of new or existing aircraft which contain the
Company’s products, the impact of regulatory activity and public
scrutiny on production rates of a major U.S. aircraft manufacturer,
the need for new and advanced test and simulation equipment,
customer preferences and relationships, the effectiveness of the
Company’s supply chain, and other factors which are described in
filings by Astronics with the Securities and Exchange Commission.
The Company assumes no obligation to update forward-looking
information in this news release whether to reflect changed
assumptions, the occurrence of unanticipated events or changes in
future operating results, financial conditions or prospects, or
otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20240524004871/en/
Company: David C. Burney Executive Vice President and CFO
invest@astronics.com +1.716.805.1599
Investor: Kei Advisors LLC Deborah K. Pawlowski Investor
Relations dpawlowski@keiadvisors.com +1.716.843.3908
Astronics CSC: Brian Perille Marketing Coordinator
Brian.Perille@astronics.com +1.847.821.3000
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