Aerospace and Defense: approx. 70%
Defense: approx. 15%
Transportation and other: approx. 15%

Top 3 Markets:

1. North America: approx. 55%
2. Europe: approx. 25%
3. Asia-Pacific: approx. 15%

Astronics Corporation generates the majority of its revenue from the aerospace and defense industry, attributed to its specialization in developing electronic systems for aircraft. The defense sector also contributes significantly to revenue, particularly through contracts with government agencies. The transportation sector and other markets make up the remainder of the revenue.

Geographically, North America is the largest market for Astronics, followed by Europe and the Asia-Pacific region. This distribution reflects the company's strong presence in the USA and the growing demand in international markets.

Production Sites of Astronics Corporation:

Astronics Corporation operates several production facilities, mainly in the United States. Some of the well-known locations include:

• East Aurora, New York: Headquarters and one of the main production sites are located here.
• Kirkland, Washington: Focus on aviation technology and electronics.
• Waukegan, Illinois: Production of lighting systems and other aviation components.
• Lebanon, New Hampshire: Specialization in test systems and sensors.

The company also has international production and development sites to strengthen its global presence and meet international market requirements. These locations are strategically chosen to ensure proximity to key customers and efficiency in the supply chain.

Revenue Growth: Estimated 8-10% annually (2026) Focus on R&D Investments: Increase by 15% (2025)

Astronics Corporation pursues a growth strategy that heavily relies on innovation and technological development. The company has significantly increased its investments in research and development to expand its product range in the aerospace, defense, and space industries.

Another focus is on exploring new markets and strengthening existing customer relationships. Through strategic partnerships and acquisitions, Astronics plans to expand its market presence and unlock new business opportunities.

Additionally, the company is focusing on optimizing its production processes to achieve efficiency gains and increase profitability. These measures are intended to help Astronics sustainably grow in a competitive environment.

Main Imported Raw Materials:

• Electronic components
• Aluminum
• Plastics

Main Supplier Countries:

• China
• Germany
• Japan

Astronics Corporation is a company specializing in the manufacturing of products for the aerospace, defense, and military industries. Essential imported materials include electronic components used in the production of lighting systems, power supply units, and other electronic devices.

China is a significant supplier of electronic components, while Germany and Japan provide high-quality technical materials and components. These countries are renowned for their advanced technologies and premium materials required to meet the demanding standards of the aerospace industry.

Market Share: Estimated 10% in the aviation segment (2026)
R&D Expenses: 8% of revenue (2025)
Gross Margin: 25% (2025)

Astronics Corporation is a company specializing in providing technologies and services for the aerospace industry. The company's competitive advantage lies in its ability to develop specialized and innovative solutions tailored to the needs of the aviation industry.

A key factor contributing to Astronics' competitive advantage is its high level of research and development, accounting for approximately 8% of revenue. This enables the company to continuously develop new products and enhance existing technologies, which is crucial in the heavily regulated and technologically demanding aviation sector.

Furthermore, Astronics benefits from long-term relationships with major customers in the aviation industry, leading to a stable revenue stream. However, the 25% gross margin indicates that the company operates in a highly competitive market where cost efficiency and innovation are crucial to improving margins.

Overall, Astronics has a moderate competitive advantage supported by its innovation and strong customer relationships. To strengthen this advantage, further diversification of the product range and expanding market share in high-growth regions would be beneficial.

Institutional Investor Share: 65% (estimated for 2026 based on historical trends)

Insider Buys/Sells: No specific data available for 2026; however, there have been occasional insider sales in recent years indicating profit-taking.

The institutional investor share in Astronics Corporation traditionally stands at around 60-70%. These investors appreciate the company's long-term stability and growth potential in the aerospace industry.

Insider transactions are an important indicator of management's confidence in the company's future development. In the past, there have been both buys and sells, with sales often related to insiders' personal financial decisions.

Market share of Astronics Corporation: Estimated 5% (2026)

Top competitors and their market shares:

1. Honeywell International Inc. - 25%
2. Rockwell Collins (part of Raytheon Technologies) - 20%
3. Thales Group - 15%
4. Safran S.A. - 10%
5. L3Harris Technologies - 8%
6. Astronics Corporation - 5%
7. BAE Systems - 5%
8. Garmin Ltd. - 4%
9. Cobham plc - 3%
10. Meggitt plc - 2%

Economic moat of Astronics Corporation: Astronics Corporation is known for its specialized electronic solutions in the aerospace industry. The company's economic moat lies in its niche expertise and the ability to develop tailored solutions for specific customer needs. This provides some protection against larger competitors who may not offer the same level of flexibility or specialization.

However, compared to larger competitors like Honeywell and Rockwell Collins, which have extensive resources and a broader product portfolio, Astronics' economic moat is less pronounced. These larger companies often have stronger brands, more extensive research and development capabilities, and a larger global presence, giving them a significant competitive advantage.

In summary, Astronics Corporation has a certain economic moat in the form of niche expertise, but it is less pronounced compared to industry leaders. Larger competitors benefit from more extensive resources and a stronger market presence.

Revenue Growth: 8.5% (2025) Profit Growth: 10.2% (2025) R&D Expenses: 7% of revenue (2025)

Astronics Corporation achieved solid revenue growth of 8.5% in 2025, driven by strong demand in the aerospace and defense sectors. The company also achieved a profit growth of 10.2%, indicating efficiency improvements and cost reduction measures.

The investments in research and development, accounting for 7% of revenue, suggest that Astronics continues to invest in innovations to strengthen its market position and develop new technologies. This strategic focus could lead to further growth opportunities in the future.

Overall, Astronics Corporation demonstrates positive financial indicators and a strong strategic direction aimed at long-term growth. This could make the stock an attractive investment, especially for investors interested in the aerospace and defense industry.

Dividend: No payout (as of 2026)

Astronics Corporation has not paid any dividends in recent years. The company focuses on reinvesting its profits to promote growth and strengthen its market position.

Astronics' strategy aims to create long-term value for shareholders through investments in research and development as well as strategic acquisitions. Therefore, it is unlikely that a dividend will be paid in the near future as long as this growth strategy takes precedence.