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Air Industries Group - AIRI STOCK NEWS

Welcome to our dedicated news page for Air Industries Group (Ticker: AIRI), a resource for investors and traders seeking the latest updates and insights on Air Industries Group.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Air Industries Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Air Industries Group's position in the market.

Rhea-AI Summary
Air Industries Group (AIRI) to release Q4 fiscal and full-year 2023 results on April 1, 2024, followed by a conference call to discuss 2024 Business Outlook.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.89%
Tags
earnings
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Rhea-AI Summary
Air Industries Group (AIRI) has announced the reception of two strategically important contracts from new customers. The first contract is for structural engine nacelle components for the new CH-53K Heavy Lift Helicopter, with an initial order of just under $1 million and an anticipated 5-year order expected to be in excess of $12 million. The second contract is for actuator subassemblies on a developmental aircraft, with an initial order of approximately $1 million. CEO Lou Melluzzo expressed satisfaction with the awards, highlighting the company's increased investment and efforts in business development. These contracts are significant steps toward increasing Air Industries' workshare on the Sikorsky CH-53K and establishing relationships with large OEMs for future growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.85%
Tags
none
-
Rhea-AI Summary
Air Industries Group (AIRI) announces Sterling Engineering Corporation's receipt of two contracts totaling $3.2 million for engine components used in the F-135 jet engine that powers the Lockheed Martin F-35 Lightning II. The contracts will boost near-term revenues, with the firm 18-Month Backlog increasing by 43% from its backlog at September 30th. Sterling recently completed its first quarter in many years with revenue above $2.0 million, indicating an increase in revenue and a return to profitability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.31%
Tags
none
Rhea-AI Summary
Air Industries Group (NYSE American: AIRI) Announces Q3 2023 Financial Results
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.71%
Tags
earnings
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Rhea-AI Summary
Air Industries Group (AIRI) received a notice of non-compliance with NYSE American listing standards due to a delayed Quarterly Report filing. The company has a six-month cure period to file the report and regain compliance, with the possibility of an additional six-month cure period. The company is in the process of finalizing the Form 10-Q and anticipates filing it soon. Despite the non-compliance, the company's securities will continue to trade on the Exchange with a late filer indicator.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.92%
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none
-
Rhea-AI Summary
Air Industries Group promotes Scott Glassman to CFO, replacing Michael Recca
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.48%
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none
Rhea-AI Summary
Air Industries becomes sole provider of mission-critical welding process for E-2D aircraft's tail hook, securing position as key supplier to major aircraft program
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.72%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.31%
Tags
earnings
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.97%
Tags
management
Rhea-AI Summary
Air Industries Group has been awarded two new contracts worth a total of $5.2 million. The first contract, valued at $2.0 million, is for E-2D arresting gear components for the U.S. Navy. The second contract, valued at $3.2 million, is for F-35 arresting gear components for a non-U.S. customer. Deliveries for the E-2D components are expected to begin in 2025, while deliveries for the F-35 components are expected to start in Q4 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.85%
Tags
none
Air Industries Group

NYSE:AIRI

AIRI Rankings

AIRI Stock Data

15.58M
2.47M
26.52%
7.08%
0.07%
Small Arms Ammunition Manufacturing
Manufacturing
Link
US
Bay Shore

About AIRI

air industries group, inc. is an aerospace and defense company that has been supplying flight critical and other sophisticated parts and assemblies to prime defense and commercial aerospace manufacturers for over 40 years. air industries group stock is publicly traded, and is listed on the nyse mkt under the symbol airi. we design and manufacture structural parts and assemblies that focus on flight safety, including landing gear, arresting gear, engine mounts, flight controls and throttle quadrants. the company also provides sheet metal fabrication for aerostructures, tube bending and welding services. our products and services support premier aircraft in the armed forces; sikorsky blackhawk helicopter (all variants), the northrop grumman e-2 hawkeye (all variants), c-2a greyhound carrier based naval aircraft, the boeing c-17 globemaster, the f-16 fighting falcon and the f-18 hornet and the newest fighter the lockheed f-35 joint strike fighter (all variants). in 2005 air industries was