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tariffs

Tariffs, 737 MAX, satellite crash hit Astronics earnings

5 August 2019 By Seth Miller

One of the tail-mount antenna options Astronics hopes will sell well in the BizAv market

How many different ways can one company get beat up in the inflight entertainment and connectivity market? Astronics faces headwinds in its Aerospace market on three fronts. The 737 MAX grounding has costs on both new production and retrofit efforts, while the loss of Intelsat 29E grounded a connectivity program indefinitely. Add in tariffs related to China suppliers that the company is paying and the numbers are going to be rough in that segment for the foreseeable future.

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This story is about: 737 MAX, 737MAX, antenna, Astronics, Boeing, earnings call, FlexExec, grounding, IFC, IFE, IFEC, PAC, Panasonic, Panasonic Avionics, Panasonic Avionics Corporation, PaxEx, Satcom Direct, Satellite, tariffs Filed Under: PremCat, Premium

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