Welcome to our dedicated page for Air Industries news (Ticker: AIRI), a resource for investors and traders seeking the latest updates and insights on Air Industries stock.
Air Industries Group (AIRI) delivers essential news and updates for stakeholders in aerospace and defense manufacturing. This dedicated resource provides investors and industry professionals with timely access to corporate developments, strategic initiatives, and operational milestones.
Track official press releases covering flight-critical component production, government defense contracts, and commercial aviation partnerships. Our curated collection includes updates on landing gear systems, engine mount innovations, and structural assembly advancements that maintain AIRI's position in safety-focused aerospace manufacturing.
Key content categories include quarterly financial results, major contract announcements, manufacturing process enhancements, and leadership updates. All materials are sourced directly from company communications to ensure accuracy and compliance with financial disclosure standards.
Bookmark this page for streamlined access to AIRI's evolving role in military and commercial aircraft production. Regularly updated content supports informed decision-making for those monitoring the precision manufacturing sector.
Air Industries Group (NYSE American: AIRI), a manufacturer of precision components for aerospace and defense contractors, has scheduled its Q1 2025 earnings release for Thursday, May 15th, 2025 before market open at 7:00 am Eastern. The company will follow up with an investor conference call at 4:15 pm Eastern the same day, which can be accessed toll-free at 877-524-8416.
Air Industries Group (NYSE American: AIRI), a manufacturer of precision components and assemblies for aerospace and defense prime contractors, has scheduled its year-end 2024 financial results conference call for Wednesday, April 16th at 8:30am ET, pre-market. Investors can join the call by dialing 877-524-8416, and an audio replay will be available on the company's investor relations website after the call.
Air Industries Group (NYSE American: AIRI) reported preliminary unaudited financial results for 2024, showing improvements across key metrics. Net sales increased 7% to $55.1 million, with gross profit rising to $8.9 million (16.2% margin). The company achieved operating income of $459,000, compared to a loss in 2023, while reducing net loss by 35.9% to $1.4 million.
Q4 2024 showed mixed results with sales up 11.9% to $14.9 million, but recorded an operating loss of $111,000 and net loss of $554,000, primarily due to higher non-cash stock compensation expenses. Adjusted EBITDA for 2024 improved by 35.3% to $3.6 million.
The company reported record bookings and backlog, with new bookings up 15% and a book-to-bill ratio of 1.30x. Total backlog now exceeds $250 million, marking a company record. Air Industries also received the Northrop Grumman Supplier Excellence award in February 2025.
Air Industries Group (NYSE American: AIRI) has secured two contracts valued at $3.3 million for landing and arresting gear components for the US Navy E-2D Advanced Hawkeye aircraft. The contracts cover both new aircraft production and Maintenance, Repair, and Overhaul (MRO) of existing fleet aircraft.
As the sole supplier of landing gear components for the E-2D, Air Industries supports one of the US Navy's top five acquisition programs in 2023 and 2024. The E-2D Advanced Hawkeye, with over 70 aircraft operating worldwide, is expected to remain in service until at least the 2040s.
Air Industries Group (NYSE American: AIRI) has been honored with a Supplier Excellence Award from Northrop Grumman (NYSE: NOC) for their strategic excellence in military and security solutions. The recognition highlights AIRI's important role in supporting Northrop Grumman's delivery of advanced technologies for national security.
The partnership between the companies dates back decades, beginning with AIRI's supply relationship with Grumman Aerospace Currently, AIRI provides direct support for the E2-D Advanced Hawkeye aircraft and indirect support for the F-35 Lightning II through landing gear components.
Ken Brown, VP of enterprise global supply chain at Northrop Grumman, emphasized the importance of supplier partnerships in delivering next-generation advantages in advanced weapons, aircraft, missile defense, and space. The award acknowledges AIRI's dedication to supporting U.S. Military forces through high-quality performance and operational excellence.
Air Industries Group (NYSE American: AIRI) has secured two contracts totaling $1.5 million for landing gear components for the US Air Force B1-B Lancer bomber and F-16 Fighting Falcon. The contracts align with the company's strategic focus on the military maintenance, repair, and overhaul (MRO) market.
According to the Congressional Research Service, the US Military's Operations & Maintenance (O&M) budget is approximately 185% larger than the Procurement budget for new products. The Pentagon's FY2025 budget request includes a 3.5% increase in O&M funding while showing a 2.2% decrease in Procurement.
Air Industries Group (NYSE American: AIRI), a manufacturer of precision components for aerospace and defense contractors, has announced the retention of RedChip Companies, Inc. as its investor relations consultants. The company has produced a television commercial to be aired on CNBC.
Air Industries specializes in manufacturing critical components including landing gears, flight controls, engine mounts, and components for aircraft jet engines and ground turbines. These components are essential for military personnel and civilian safety in mission-critical operations.
Air Industries Group (NYSE American: AIRI), a leading manufacturer of precision components and assemblies for large aerospace and defense prime contractors, has updated its investor presentation. The new presentation is now available on their website.
Interested parties can access the updated presentation at the following link: Investor Presentation.
Air Industries Group (NYSE American: AIRI), a manufacturer of precision components and assemblies for aerospace and defense prime contractors, has announced the repayment of over $1.0 million in subordinated debt. CEO Lou Melluzzo indicated that the company plans to make additional debt repayments in the upcoming months, with the goal of substantially reducing the remaining subordinated debt while maintaining business growth and enhancing profitability.
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