Astronics is a mid-size aerospace supplier that designs and manufactures components and systems for commercial airlines, aircraft OEMs, and the U.S. military. The company's core business has two main product areas: cabin power and in-flight entertainment and connectivity (IFE&C) systems, and flight-critical electrical power generation and distribution. On the cabin side, Astronics makes seat-embedded power systems (USB-A, USB-C, and wireless charging) and connectivity electronics sold to airlines and OEMs like Boeing and Airbus. On the power systems side, Astronics designs electrical power architectures for smaller platforms including business jets, military rotorcraft, and emerging platforms like eVTOLs and autonomous drones. The marquee program here is the MV-75, supplying electrical power distribution for the U.S. Army's Bell V-280 next-generation tiltrotor. Astronics sells both line-fit content to OEMs at the time of manufacture and retrofit or upgrade kits directly to airlines, with Boeing alone accounting for roughly 10% of total sales. Beyond these core areas, Astronics also makes aircraft lighting, safety systems, seat actuation systems, avionics, and aircraft structures. A smaller Test Systems segment (~10% of revenue) makes automated test equipment for aerospace and defense customers. Astronics' profitability is highly leveraged to volume, given a largely fixed cost structure, with management citing incremental margins of 40-50%. Growth is driven by rising OEM build rates, growing passenger demand for connectivity, and bolt-on acquisitions to add capabilities in adjacent product lines.