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Astronics Corporation

ATRO

Industrials

1

exclusion reason

1 theme

Weapons & Military (1)
ATRO Industrials Current as of April 2026

This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.

Military Contracting
Since Nov 13, 2021

Astronics Corporation's 10-K (FY2024) discloses approximately 15% of consolidated revenue from U.S. government and military markets, with military aircraft sales growing 41.6% year-over-year. The company holds a $215 million U.S. Army contract for the TS-4549/T radio test set program and is a subcontractor to Bell Textron on the FLRAA next-generation assault aircraft, supplying CorePower electrical power and distribution systems worth an estimated $60-65 million over the development phase. Military programs span lighting, safety, electrical power generation, and test equipment for Army communications.

Research Sources 1 organization
SIPRI
External

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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.

This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.

Ethical Capital LLC is a state-registered investment adviser in Utah (CRD #316032). Registration does not imply a certain level of skill or training.