The Small-cap Company Astronics Nearly Doubles Military Segment Revenue in Q1. The FLRAA Program Drives Growth.

The majority of the revenues generated by the small-cap company Astronics (ATRO) come from the aviation sector, but solutions for the defense market are gaining increasing popularity. In the past quarter, the company nearly doubled its sales in the military sector. Astronics develops and manufactures specialized electrical systems, avionics, cabin power supply, lighting, and testing systems for civil and military aviation, as well as for other safety-critical industries. The company is a supplier to OEMs (such as Boeing and Airbus), airlines, and...