Astronics Awarded Contracts From Several Major North American Airlines
Astronics (ATRO) Corporation, a leading supplier of technologies for the aerospace and semiconductor industries, announced on October 16 that it received new contracts from several major North American airlines. Astronics will install EM-POWER® in-seat power systems on up to 1,400 aircraft. The contract award services aircraft from six major airlines.
Sonal detected the event and sent an alert at 4:30 pm on October 16. Trading opened the next morning at $31.39.
The price quickly spiked to around $33 before fading back during the morning trading hours. The price continued to rise throughout the afternoon on October 16. The trend continued upward over the next few trading days, and it closed at $35.81 on October 24.
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