- 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.
Keybanc Maintains Overweight on Matador Resources, Lowers Price Target to $65
Keybanc analyst Tim Rezvan maintains Matador Resources (NYSE:MTDR) with a Overweight and lowers the price target from $73 to $65.
