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Southwest Picks Astronics To Provide Latest Generation Of In-Seat Power System

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·1 min read
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  • Astronics Corp (NASDAQ: ATRO) has secured a contract from Southwest Airlines Co (NYSE: LUVto provide EMPOWER Passenger In-Seat Power System for installation on 475 Boeing Co (NYSE: BA) 737 MAX-7 and MAX-8 aircraft. Financial terms not disclosed.

  • The award is part of Southwest's recently announced cabin upgrade initiative to enhance the customer experience.

  • The system configuration selected by Southwest will provide 60W Type-C and 10.5W Type-A USB charging ports at every passenger seat.

  • Astronics will begin delivering in 4Q22 for retrofit installations on Southwest's existing MAX-8 fleet, which will start in early 2023.

  • Astronics Connectivity Systems and Certification has been chosen to provide the retrofit installation design, STC certification, and installation kits.

  • Deliveries to Boeing for installation on new production-line aircraft will commence in 2023.

  • Price Action: ATRO shares are trading higher by 6.34% at $11.58, and LUV lower by 3.21% at $43.44 on the last check Wednesday.

  • Photo Via Company

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