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Benzinga
Benzinga
Business
Akanksha Bakshi

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

Southwest (Organization) NYSE Boeing LUV British Airways Nasdaq Southwest Airlines Co
  • Astronics Corp (NASDAQ:ATRO) has secured a contract from Southwest Airlines Co (NYSE:LUV) to 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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