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Benzinga

Business

Akanksha Bakshi

Lilium Picks Astronics For Electrical Power Distribution System

Nasdaq ATRO

Lilium N.V. (NASDAQ:LILM) has selected Astronics Corp (NASDAQ:ATRO) to design, develop, and build its electrical power distribution system. Financial terms not disclosed.
The supplier agreement follows over a year of collaborative work between the parties.
Astronics will be responsible for the secondary power distribution units (SPDUs) and charging power distribution units (CPDUs).
Lilium Jets will each be equipped with two SPDUs and one CPDU.
SPDUs are responsible for high voltage (1000 VDC) to low voltage (28 VDC) conversion and low voltage distribution and protection.
Price Action: ATRO shares are trading lower by 7.69% at $9.73 on the last check Wednesday.

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