Air Industries Group ("Air Industries") (NYSE:AIRI), a leading manufacturer of precision components and assemblies for large aerospace and defense prime contractors, today announced that it has received two contracts worth approximately $3.3 million for landing and arresting gear components for the US Navy E-2D Advanced Hawkeye aircraft. These orders support both the Production of new aircraft and Maintenance, Repair, and Overhaul (MRO) of aircraft in the fleet. Renowned for its superior technology and global performance the E-2D Advanced Hawkeye was ranked by the US Navy as one its top five acquisition programs in 2023 and again in 2024. Lou Melluzzo, Chief Executive Officer of Air Indust

Northrop Grumman Corporation (NYSE:NOC) has recognized Air Industries Group (NYSE:AIRI) as one of its top supplier partners, during the company's Supplier Excellence Awards. "Air Industries Group has supported Northrop Grumman in delivering technologies that enhance national security for the U.S. and our allies," said Ken Brown, vice president, enterprise global supply chain, Northrop Grumman. "The high-quality performance, dedication and partnership of our supplier teams drive operational excellence to ensure warfighters have next generation advantages in advanced weapons, aircraft, missile defense and space." Recognized for Strategic Excellence, Air Industries Group is instrumental in

Air Industries Group ("Air Industries") (NYSE:AIRI), a leading manufacturer of precision components and assemblies for large aerospace and defense prime contractors, today announced that it has received two contracts worth approximately $1.5 million for landing gear components for both the US Air Force B1-B Lancer bomber and the F-16 Fighting Falcon. Lou Melluzzo, Chief Executive Officer of Air Industries Group commented: "The market for supplying products used in maintenance, repair, and overhaul of aircraft is very large. According to the Congressional Research Service, a unit of the US Government, the US Military budget for Operations & Maintenance (O&M) is approximately 185%, or nearl

Air Industries Group ("Air Industries") (NYSE:AIRI), a leading manufacturer of precision components and assemblies for large aerospace and defense prime contractors, today announces it has retained RedChip Companies, Inc. as its investor relations consultants. RedChip and Air Industries have produced a television commercial which will be shown on CNBC. The commercial can also be accessed at: https://www.youtube.com/watch?v=npeaVHlVuaw ABOUT AIR INDUSTRIES GROUP Air Industries Group is a leading manufacturer of precision components and assemblies for large aerospace and defense prime contractors. Its products include landing gears, flight controls, engine mounts and components for airc

Air Industries Group ("Air Industries") (NYSE:AIRI), a leading manufacturer of precision components and assemblies for large aerospace and defense prime contractors, today announced it has updated its investor presentation and posted it to its Website. The Presentation can be accessed at https://investors.airindustriesgroup.com/events-and-presentations/presentations ABOUT AIR INDUSTRIES GROUP Air Industries Group is a leading manufacturer of precision components and assemblies for large aerospace and defense prime contractors. Its products include landing gears, flight controls, engine mounts and components for aircraft jet engines, ground turbines and other complex machines. Whether

Air Industries Group ("Air Industries") (NYSE:AIRI), a leading manufacturer of precision components and assemblies for large aerospace and defense prime contractors, today announced it has repaid more than $1.0 million of its subordinated debt. Lou Melluzzo, Chief Executive Officer of Air Industries Group commented: "It is my pleasure to announce that we have repaid more than $1.0 million of our subordinated debt. We expect to make additional repayments in the coming months. Our goal is to substantially reduce the remaining subordinated debt while continuing to grow and enhance the profitability of the business." ABOUT AIR INDUSTRIES GROUP Air Industries Group is a leading manufacture

Air Industries Group ("Air Industries") (NYSE:AIRI), a leading manufacturer of precision components and assemblies for large aerospace and defense prime contractors, today announced that its primary lender, Webster Bank has amended the terms of its Credit Facility. Relaxing the required Covenants, permitting the repayment of Subordinated Debt, and expanding the Company's Term Loan by approximately $1.6 million. These funds will be used for the purchase of new state of the art machinery, costing approximately $1.9 million. This investment in production equipment will support the recently announced $33 million contract and will greatly increase throughput. Lou Melluzzo, Chief Executive Offi

Air Industries Group ("Air Industries") (NYSE:AIRI), a leading manufacturer of precision components and assemblies for large aerospace and defense prime contractors, today announced that its subsidiary, Sterling Engineering Company, located in Barkhamsted, CT has been highlighted in the January 27, 2025 edition of the Hartford Business Journal. The article can be accessed on the Air Industries Group website at: https://investors.airindustriesgroup.com/news-releases ABOUT AIR INDUSTRIES GROUP Air Industries Group is a leading manufacturer of precision components and assemblies for large aerospace and defense prime contractors. Its products include landing gears, flight controls, engi

Air Industries Group ("Air Industries") (NYSE:AIRI), a leading manufacturer of precision components and assemblies for large aerospace and defense prime contractors, today announced a recap of its fiscal 2024 results and outlined its strategic vision for continued growth and operational excellence in 2025 and beyond. 2024: A Year of Growth and Momentum Sales Growth Across the Company Fiscal 2024 marked a year of solid growth for Air Industries, with preliminary sales increasing by approximately 6.6% year-over-year. Each of our Centers of Excellence contributed meaningfully, and both facilities are expected to contribute significantly to Air Industries' continued success in 2025. Comp

Air Industries Group ("Air Industries") (NYSE: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. Lou Melluzzo, Chief Executive Officer of Air Industries Group commented: "The F-5/T-38 aircraft is a long-established Air Force aircraft platform. Air Industries has not manufactured product for this aircraft in many years. This award continues to expand our current portfolio. "Increasing our actuation business has been a major initiative at Air Industries, and to support this

4 - AIR INDUSTRIES GROUP (0001009891) (Issuer)

Air Industries Group ("Air Industries") (NYSE: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. Q3 2024 Financial Highlights (as compared to Q3 2023): Revenues increased by 2.1%. Gross profit rose significantly by $713,000, an increase of 58%, resulting in gross margin of 15.5% up from the 10.0% achieved in 2023. Operating expenses were reduced by $150,000, or 7.4%. Operating profit for the quarter was $67,000, a substantial improvement over the $796,000 loss

Air Industries Group ("Air Industries") (NYSE:AIRI), a leading manufacturer of precision components and assemblies for large aerospace and defense prime contractors, today announced that it will release its financial results for the Three and Nine Months ended September 30, 2024 tomorrow, Thursday, November 14th pre-market at 7:00 am Eastern. Conference Call Information The company will host an earnings conference call Thursday, November 14th at 4:30 pm Eastern. The conference call-in number is 877–524–8416 ABOUT AIR INDUSTRIES GROUP Air Industries Group is a leading manufacturer of precision components and assemblies for large aerospace and defense prime contractors. Its products i

Air Industries Group ("Air Industries") (NYSE:AIRI), a leading manufacturer of precision components and assemblies for large aerospace and defense prime contractors, today reported earnings results for the second quarter and six months 2024 along with an update of its 2024 business outlook. "Our second quarter reflected strength across our business," said Lou Melluzzo, CEO of Air Industries Group. "For the three months, revenues increased by 2.8% compared to the prior year, but gross profit and gross margin on sales improved dramatically. Gross profit for the second quarter increased by $474,000 or nearly 22% compared to 2023. With two quarters under our belt, 2024 is on track to be a yea

Air Industries Group ("Air Industries") (NYSE:AIRI), a leading manufacturer of precision components and assemblies for large aerospace and defense prime contractors, today announced that it will release its financial results for the Three and Six Months ended June 30, 2024 tomorrow, Wednesday, August 14th pre-market at 8:30am ET. Conference Call Information At 4:30 ET that day, the Company will also host an Earnings Conference call to discuss its results. Individuals can access the call by dialing 877-524-8416. An audio replay of the call will be available on the Company's investor relations website shortly thereafter. ABOUT AIR INDUSTRIES GROUP Air Industries Group is a leading man

Air Industries Group (NYSE:AIRI), a leading manufacturer of precision components and assemblies for large aerospace and defense prime contractors, today reported financial results for the first quarter and updated its 2024 business outlook. "Fiscal 2024 is off to a good start. The strong order and opportunity flow we experienced during the fourth quarter of last year continues and remains strong. We achieved bookings of $12.95 million and our backlog increased to $99.3 million." said Lou Melluzzo, CEO of Air Industries Group. "We remain laser focused on several large opportunities we expect to close. I remain confident that fiscal 2024 will be a year of growth." First Quarter 2024 Finan

Air Industries Group (NYSE:AIRI), a leading manufacturer of precision components and assemblies for large aerospace and defense prime contractors, today reported preliminary earnings results for the fourth quarter and full-year of 2023 along with its initial 2024 business outlook. "The fourth quarter of 2023 marked a robust end to a year of significant progress and strategic growth positioning," said Lou Melluzzo, CEO of Air Industries Group. "Not only did Q4 see the highest net sales of the year but also saw us achieve our highest operating income and Adjusted EBITDA. With strong bookings and continually expanding opportunities, I am confident about our future and expect 2024 to be a yea

Air Industries Group (NYSE:AIRI), a leading manufacturer of precision components and assemblies for large aerospace and defense prime contractors, today announced that it plans to release its preliminary Q4 fiscal and full-year 2023 results after the market closes on Monday, April 1, 2024. Conference Call Information At 4:30 ET that day, the Company will also host a conference call to discuss its results and 2024 Business Outlook. Individuals can access the call by dialing 877-524-8416. An audio replay of the call will be available on the Company's investor relations website shortly thereafter. ABOUT AIR INDUSTRIES GROUP Air Industries Group is a leading manufacturer of precision co

Conference Call Scheduled for December 7, 2023 Air Industries Group (NYSE:AIRI), an integrated Tier 1 manufacturer of precision assemblies and components for mission-critical aerospace and defense applications, and a prime contractor to the U.S. Department of Defense, today announced its financial results for the third quarter ended September 30, 2023. Commenting on the recent results, Lou Melluzzo, CEO of Air Industries Group, expressed optimism about the Company's trajectory: "Our third quarter of 2023 was challenging and was impacted by shortages of critical raw materials for a certain product. Thankfully, these material shortages have begun to ease and we expect business to rebound

Air Industries Group (the Company) (NYSE:AIRI), an integrated Tier 1 manufacturer of precision assemblies and components for mission-critical aerospace and defense applications, and a prime contractor to the U.S. Department of Defense, today announced that it has appointed Peter Rettaliata Chairman of the Company's Board of Directors. As Chairman, he succeeds Michael Taglich, who will remain on the Board of Directors. Mr. Rettaliata is currently a director of Air Industries and was formerly the Company's Chief Executive Officer. He has spent 50 years in the aerospace industry and has served as an executive and director of Air Industries for nearly three decades. For 20 years, from 1994

Air Industries Group (the Company) (NYSE:AIRI), an integrated Tier 1 manufacturer of precision assemblies and components for mission-critical aerospace and defense applications, and a prime contractor to the U.S. Department of Defense, today announced that it has been awarded two new contracts valued at a total of $5.2 million to produce components for the U.S. Navy E-2D aircraft and F-35 Joint Strike Fighter. The first order is valued at $2.0 million for E-2D arresting gear components. The order originates from a long-time customer of Air Industries Group, which has manufactured these flight safety components for many years. Deliveries under this new order are expected to begin in 2025.