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Astronics ( (ATRO) ) has provided an update.
On February 21, 2025, Astronics Corporation announced that a UK court ruled in its long-standing patent infringement dispute with Lufthansa Technik AG, mandating Astronics to pay approximately $11.9 million in damages. The company expects the final liability payment in the second quarter of 2025, with a potential appeal possibly being heard in early 2026.
More about Astronics
Astronics Corporation serves the aerospace, defense, and mission-critical industries with advanced technology solutions, including power, connectivity, lighting, structures, interiors, and test technologies. The company is known for its innovative, customer-focused solutions and caters to global airframe manufacturers, airlines, militaries, completion centers, and Fortune 500 companies.
YTD Price Performance: 18.94%
Average Trading Volume: 357,469
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $659.6M
See more insights into ATRO stock on TipRanks’ Stock Analysis page.
