Global aerospace, defence and other mission critical industries supplier for advanced technologies and products, Astronics Corporation, has reported financial results for the three and 12 months ended 31 December 2025, which include the acquisition of Bühler Motor Aviation on 13 October 2025.
The company says its record aerospace segment sales of USD 219.6 million were up USD 31.0 million, or 16.5%. Sales in the commercial Transport market grew USD 26.1 million, or 18.5%.
According to Astronics, the growth was primarily related to increased demand by airlines for cabin power, seat motion, lighting and safety and system certification products and services, partially offset by lower demand for avionics products.
Military aircraft sales increased USD 3.6 million, or 14.5%, to USD 28.0 million, which were driven by pricing initiatives, increased demand for lighting and safety products. There was also continued progress on MV-75 engineering efforts.
The company says general aviation sales were up USD 4.6 million, or 26.0%, to USD 22.3 million due to higher in-flight entertainment & connectivity product sales to the VVIP market. Other sales were down USD 3.2 million as the company has wound down its non-core contract manufacturing arrangements.
Aerospace segment operating profit was USD 41.7 million (19.0% of sales) which measurably improved over the prior-year period, reflecting the leverage gained on higher volume, favourable mix, pricing initiatives and improving production efficiencies. The quarter also benefitted from a USD 9.3 million decrease in litigation-related reserves and expenses. Adjusted aerospace operating profit2 increased 44.1% to USD 43.6 million, or 19.8% of sales, a 380-basis point expansion over the comparator quarter.
In addition, aerospace bookings were up 30.1% to USD 237.3 million for a book-to-bill ratio of 1.08:1.
Peter J Gundermann, Chairman, President and Chief Executive Officer, said: “Our aerospace business had a strong fourth quarter with record sales that led to a 19.0% operating margin, surpassing our near-term margin target and a testament to its potential. In addition to higher volume, profitability benefitted from a favourable mix within our VVIP market as well as with some recovery related to pricing initiatives. We have very strong tailwinds supporting our aerospace business that we believe will continue to drive strong results in 2026 and beyond.”
