Air Industries Group Announces Long-Term, Five Year, Agreement with Potential Sales in Excess of Approximately $60 Million
Air Industries Group (AIRI)
NASDAQ:AMEX Investor Relations:
airindustriesgroup.com/investor-relations
Company Research
Source: Business Wire
BAY SHORE, N.Y.--(BUSINESS WIRE)--Air Industries Group (NYSE AMEX: AIRI):Air Industries Group (“Air Industries” or the “Company”), an integrated manufacturer of precision equipment assemblies and components for leading aerospace and defense prime contractors, is pleased to announce that it has received a significant new Long-Term Agreement (LTA or Agreement) through its subsidiary Air Industries Machining Corporation (AIM). This five-year LTA is for “Thrust Struts,” a critical component of the Pratt & Whitney Geared-Turbo-Fan (“GTF”) jet engine. The GTF powers the Airbus A-220 (formerly the Bombardier C-Series), the Mitsubishi MRJ, and the Embraer E-2 commercial airliners.Based on the OEM’s forecast, the contract could generate potential sales of approximately $61.7 Million over the five-year term. As is customary with LTA contracts, Air Industries expects to receive sequential firm orders for delivery of product against the Agreement.Mr. Lou Melluzzo, CEO of Air Industries, comme
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AIRI
Earnings
- 11/14/24 - Miss
AIRI
Sec Filings
- 11/14/24 - Form 10-Q
- 11/14/24 - Form 8-K
- 11/13/24 - Form 8-K
- AIRI's page on the SEC website