Astronics (ATRO) Cuts FY09 Sales Guidance
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Astronics Corporation (NASDAQ: ATRO) lowers its FY09 sales guidance from $200-$210 million to $190-$200 million, which compares to the Street estimate of $200.72 million.
The reduction in guidance was predicated on continued weakness in the commercial transport and business jet markets. In addition, the Company was informed yesterday that it was not the recipient of the U. S. Marine Corps' contract for a ground radio maintenance and test system, as had been expected.
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