Astronics Corporation reported strong first-quarter 2026 results, driven by continued momentum in its Aerospace segment and sustained demand from the commercial aviation market.
Aerospace segment sales rose 11.7% year-on-year to US$213.8 million, an increase of US$22.4 million, supported primarily by higher demand in the Commercial Transport sector. Test Systems sales also increased, rising 15.4% to US$16.5 million.
Commercial Transport sales grew by US$18.9 million, or 13.7%, reflecting stronger demand for seat motion systems, lighting and safety products. General Aviation sales increased 40.7% to US$21.4 million, largely driven by higher inflight entertainment and connectivity (IFEC) product sales for the VVIP market. Military Aircraft sales remained broadly in line with the previous year, while other sales declined as Astronics continued winding down non-core contract manufacturing activities.
The Aerospace segment reported operating profit of US$35.3 million, representing 16.5% of sales, benefiting from higher production volumes, improved operational efficiencies and revised programme estimates linked to the MV-75 programme. The results also reflected a US$7 million reduction in litigation-related costs associated with the company’s UK patent dispute.
Adjusted Aerospace operating profit rose 20% to US$37.2 million, with operating margin expanding to 17.4%.
Aerospace bookings totalled US$264.4 million during the quarter, resulting in a book-to-bill ratio of 1.24:1. The segment ended the quarter with a record backlog of US$651.4 million.
Peter Gundermann, Chairman, President and Chief Executive Officer of Astronics, said the Aerospace business delivered its second-highest quarterly sales performance on record, surpassed only by the previous quarter, adding that strong market demand positions the company for further growth in the periods ahead.
