Air Industries Group (AIRI) News
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AIRI News Highlights
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Latest AIRI News From Around the Web
Below are the latest news stories about AIR INDUSTRIES GROUP that investors may wish to consider to help them evaluate AIRI as an investment opportunity.
Air Industries Wins $5.9M Defense ContractAn announcement from Air Industries Group ( (AIRI) ) is now available. Air Industries Group has secured a $5.9 million contract for producing actuators for the US Air Force’s F-5/T-38 aircraft, marking an expansion in their actuation business portfolio. This contract signifies a deepening relationship with a major defense prime contractor and supports the company’s strategic goals by increasing its actuation backlog and expanding its involvement in active aircraft platforms. More about Air Indus |
Air Industries Group Secures Contract worth $5.9 Million for US Air Force F-5/T-38 Aircraft ActuatorsBAY SHORE, N.Y., January 08, 2025--Air Industries Group ("Air Industries") (NYSE American: AIRI), a leading manufacturer of precision components and assemblies for large aerospace and defense prime contractors, today announced that it has received a contract worth $5.9 million for flight control assemblies (actuators) for the US Air Force F-5/T-38 aircraft. |
Air Industries Wins $2.6M Navy Contract for Gear AssembliesThe latest update is out from Air Industries Group ( (AIRI) ). Air Industries Group announced a $2.6 million contract for main landing gear assemblies for the US Navy’s E-2D Advanced Hawkeye aircraft, emphasizing its strategic focus on aftermarket services for maintenance and overhaul of existing aircraft. This contract complements a previous $11 million award for new aircraft production, highlighting the company’s successful business development initiatives and its commitment to expanding suppo |
Air Industries gets $2.6M contract for landing gear for US Navy E-2D HawkeyeAir Industries (AIRI) announced that it has received a contract worth $2.6M dollars for main landing gear assemblies for the US Navy E-2D Advanced Hawkeye aircraft. The E-2D Advanced Hawkeye is a mission-critical platform for the US Navy, identifying threats, coordinating aircraft movement, and managing the airspace surrounding an Aircraft Carrier Battle Group. On December 9th we announced an $11M -dollar award for E-2D landing gear assemblies. This new award is for some of the same products, bu |
Air Industries Group Secures Additional Contract Worth $ 2.6 Million for Aftermarket Landing Gear Assemblies for the US Navy E-2D Advanced Hawkeye AircraftBAY SHORE, N.Y., January 02, 2025--Air Industries Group (NYSE American: AIRI), a leading manufacturer of precision components and assemblies for large aerospace and defense prime contractors, today announced that it has received a contract worth $2.6 million dollars for main landing gear assemblies for the US Navy E-2D Advanced Hawkeye aircraft. The E-2D Advanced Hawkeye is a mission-critical platform for the US Navy, identifying threats, coordinating aircraft movement, and managing the airspace |
Air Industries Group Secures $33 Million Contract for the CH-53K King Stallion Heavy-Lift Helicopter ComponentsBAY SHORE, N.Y., December 20, 2024--Air Industries Group ("Air Industries") (NYSE American: AIRI), a leading manufacturer of precision components and assemblies for large aerospace and defense prime contractors, today announced that it has secured a long-term contract valued at more than $33.0 million to manufacture and supply complex components for the CH-53K King Stallion helicopter program. The seven-year agreement strengthens Air Industries’ pivotal role in supporting one of the U.S. Departm |
Air Industries Group Secures $11 Million Contract for Landing Gear Assemblies for the US Navy E-2D Advanced Hawkeye AircraftBAY SHORE, N.Y., December 09, 2024--Air Industries Group ("Air Industries") (NYSE American: AIRI), a leading manufacturer of precision components and assemblies for large aerospace and defense prime contractors, today announced that it has secured a follow-on contract valued at over $11.0 million for landing gear assemblies for the U.S. Navy E-2D Advanced Hawkeye aircraft. Air Industries has been a key supplier to the E-2 family of aircraft for decades, underscoring its long-standing role in sup |
Air Industries Group Secures $4.0 Million Contract for F-35 Arresting Gear ComponentsBAY SHORE, N.Y., December 04, 2024--Air Industries Group ("Air Industries") (NYSE American: AIRI), a leading manufacturer of precision components and assemblies for large aerospace and defense prime contractors, today announced that it has secured a follow-on contract valued at approximately $4.0 million for arresting gear components to be used on the F-35 Lightning II fighter aircraft. The contract originated in a European partner nation of the F-35 program. |
Air Industries backs FY24 revenue view $50MThe company said, “While the predictability of performance on large contracts and product deliveries remains difficult, Air Industries (AIRI) reaffirms its target of achieving at least $50.0 million in net sales for fiscal 2024, with Adjusted EBITDA expected to significantly surpass 2023 levels. The Company’s backlog of undelivered, fully-funded customer orders surpassed $105 million as of September 30, 2024, marking a 4% increase since June 30, 2024, and a 22% rise since January 1, 2023. The Co |
Air Industries Group Reports Strong Q3 2024 Results and Reaffirms Positive Fiscal 2024 Outlook with Expanding Backlog and Improved Profit MarginsBAY SHORE, N.Y., November 14, 2024--Air Industries Group ("Air Industries") (NYSE American: AIRI), a leading manufacturer of precision components and assemblies for large aerospace and defense prime contractors, today announced financial results for the third quarter and nine months ended September 30, 2024, and provides an update on its 2024 business outlook. |