Benzinga | Sep 28, 2021 03:54PM EDT

Astronics Bags $19M Follow-On Order From Collins Aerospace

* Astronics Corp (NASDAQ:ATRO) has secured a $19 million order from Raytheon Technologies Corp (NYSE:RTX) subsidiary Collins Aerospace for business jet connectivity equipment to be delivered in 2022.

* The order is a follow-on to the ~$11 million order announced in February 2021.

* "We are excited to support the growing success of the Collins Aerospace Ku-band connectivity service," said Michael Kuehn, Astronics CSC President.

* Price Action: ATRO shares traded lower by 1.39% at $14.22, while RTX was down by 0.65% at $86.7 on the last check Tuesday.