Air Industries Group Secures $5.9 Million Contract with US Air Force for Aircraft Actuators

Air Industries Group, a prominent manufacturer of precision components and assemblies for aerospace and defense prime contractors, recently announced the acquisition of a substantial contract valued at $5.9 million for flight control assemblies designed for the US Air Force F-5/T-38 aircraft. This news comes as the company continues to expand its portfolio and strengthen its position within the aerospace industry.

Lou Melluzzo, Chief Executive Officer of Air Industries Group, expressed enthusiasm about this contract, emphasizing the significance of the F-5/T-38 aircraft as a long-standing platform within the Air Force. The award signifies a pivotal moment for the company, reintroducing its presence in the production line for this particular aircraft after an extended period.

The strategic focus on developing the actuation business has been a key initiative for Air Industries Group. To support this endeavor, the company recently established a new actuation assembly and testing cell at its Bay Shore, NY facility. The addition of this contract not only broadens the company’s product offering but also reinforces its dedication to becoming the preferred supplier for actuator components across various aircraft platforms.

The contract represents a step forward in strengthening relationships with major defense prime contractors and expanding the company’s portfolio across active aircraft platforms. It aligns with Air Industries Group’s objectives to enhance aftermarket operations and significantly boost its actuation backlog.

Air Industries Group is renowned for manufacturing high-quality precision components and assemblies essential for aerospace and defense applications. Its products, which include landing gears, flight controls, and engine components, play a vital role in ensuring the safety of military personnel and civilians during critical operations.

While showcasing optimism about future prospects, it is worth noting that discussions involving forward-looking statements are subject to inherent risks and uncertainties. The company’s performance and projections are influenced by various factors, such as market trends, regulatory changes, and economic conditions.

As part of its financial reporting, Air Industries Group utilizes Adjusted EBITDA as a supplemental profitability measure, excluding non-cash charges and other one-time expenses. While this metric provides valuable insights into the company’s performance, it is vital to consider its limitations and understand that it does not replace measures prepared in accordance with Generally Accepted Accounting Principles (GAAP).

For further information or inquiries, individuals can access the company’s website at www.airindustriesgroup.com or contact the Chief Financial Officer at 631-328-7039.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Air Industries Group’s 8K filing here.

About Air Industries Group

Air Industries Group, together with its subsidiaries, engages in the design, manufacture, and sale of precision components and assemblies for defense and commercial aerospace industry in the United States. It offers actuators, arresting gears, aerostructures, aircraft structures, chaff pod assemblies, machining and milling solutions, cylinders, drag beams and braces, flight controls, flight safety critical components, integrated assemblies, landing gears, large diameter turn-mills, submarine valves, thrust struts, engine mounts, and turbine engine components and weldments for aircraft jet engines, ground turbines, and other complex machines.