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Stock impact report

Air Industries Secures $110M Contract for GTF Engine Parts [Yahoo! Finance]

Air Industries Group (AIRI) 
NASDAQ:AMEX Investor Relations: airindustriesgroup.com/investor-relations
Company Research Source: Yahoo! Finance
This contract will begin in January 2025 and run through 2031. Successful delivery of the thrust struts is likely to bolster AIRI's top-line performance. Following this contract win, the company's backlog count has increased to more than $280 million. AIRI & Combat Jets Air Industries plays an important role in the military jet market as a leading manufacturer of precision components and assemblies, such as landing gears, flight controls, engine mounts, and components for aircraft jet engines. These components are crucial for the safety and reliability of military jets. Notably, the company builds thrust struts for GTF jet engines, made by prominent aircraft engine manufacturer – Pratt & Whitney. The GTF family of jet engines powers some of the most renowned aircraft across the globe, such as Airbus A320neo, A220 and E2 jets of Embraer. The demand for AIRI's thrust struts, thus, remains solid. The company, therefore, enjoys steady orders for its thrust struts, like the latest Show less Read more
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