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4 - AIR INDUSTRIES GROUP (0001009891) (Issuer)
4 - AIR INDUSTRIES GROUP (0001009891) (Issuer)
4 - AIR INDUSTRIES GROUP (0001009891) (Issuer)
4 - AIR INDUSTRIES GROUP (0001009891) (Issuer)
8-K - AIR INDUSTRIES GROUP (0001009891) (Filer)
8-K - AIR INDUSTRIES GROUP (0001009891) (Filer)
8-K - AIR INDUSTRIES GROUP (0001009891) (Filer)
SC 13D/A - AIR INDUSTRIES GROUP (0001009891) (Subject)
SC 13D/A - AIR INDUSTRIES GROUP (0001009891) (Subject)
SC 13D/A - AIR INDUSTRIES GROUP (0001009891) (Subject)
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 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