Air Industries Stock Price, News & Analysis

Air Industries Group (NYSE American: AIRI) is an aerospace and defense manufacturer that focuses on precision components and assemblies for large prime contractors. According to company disclosures and recent press releases, Air Industries produces parts that are used in mission-critical operations on military and other aircraft, where reliability and safety are essential for both military personnel and civilians.

The company describes itself as a manufacturer of precision components and assemblies whose products include landing gears, flight controls, engine mounts, and components for aircraft jet engines, ground turbines, and other complex machines. These parts can be delivered as small individual components or as complete assemblies, and are designed for use in applications where performance and durability are central to flight safety.

Air Industries’ business is closely tied to the aerospace and defense sector. Its customer base, as described in its public communications, consists of large aerospace and defense prime contractors. The company’s components support both the production of new aircraft and the maintenance, repair, and overhaul (MRO) of aircraft already in service. This includes aftermarket parts that help sustain aircraft fleets over long service lives.

Core products and applications

Based on the company’s own descriptions, Air Industries’ product portfolio centers on:

• Landing gear components and assemblies for various aircraft platforms.
• Flight control components that contribute to aircraft maneuvering and stability.
• Engine mounts and related parts for aircraft jet engines.
• Components for ground turbines and other complex machinery.

These products are used on platforms such as the US Navy E-2D Advanced Hawkeye and the US Air Force B-52 aircraft, as highlighted in recent contract announcements. The company has reported being the sole supplier of landing gear components for the E-2D Advanced Hawkeye and has announced contracts for landing gear steering collar components for the B-52. In addition, Air Industries has disclosed contracts for fixed wing landing gear components and rotorcraft components for combat helicopters, particularly in the aftermarket MRO segment.

Role in production and aftermarket MRO

Public statements from Air Industries emphasize its participation in both original equipment production and aftermarket sustainment. Certain contracts support the production of new aircraft, while others are specifically identified as supporting maintenance, repair, and overhaul of aircraft in existing fleets. The company has highlighted increased penetration of the aftermarket as one of its primary goals, and has reported substantial aftermarket bookings associated with landing gear and rotorcraft components.

In its commentary, Air Industries has also referenced a significant funded backlog of firm customer orders and total backlog that it characterizes as exceeding a quarter of a billion dollars. The company has discussed a book-to-bill ratio above a commonly cited aerospace industry benchmark, and has noted that long materials and manufacturing lead times affect the timing of revenue realization. These statements appear in its preliminary and quarterly financial result announcements and provide context for how its order book supports future production and deliveries.

Financial reporting and non-GAAP metrics

Air Industries regularly reports its financial results for quarterly and annual periods, including net sales, gross profit, operating income or loss, and net income or loss. In addition to metrics prepared in accordance with US GAAP, the company discloses Adjusted EBITDA as a non-GAAP financial measure. Management describes Adjusted EBITDA as a supplemental profitability measure that excludes non-cash depreciation and amortization charges, stock-based compensation expenses, and certain nonrecurring items, as well as interest expense.

The company notes in its press releases that Adjusted EBITDA is used internally to understand and evaluate results before the impact of specific non-cash items and financing costs. It also cautions that this non-GAAP measure has limitations, may be calculated differently by other companies, and is not intended as an alternative to GAAP measures. Air Industries states that it does not quantitatively reconcile certain forward-looking Adjusted EBITDA targets to GAAP measures when key components, such as future stock-based compensation or interest expense, cannot be reliably estimated.

Capital structure, credit facilities, and corporate governance

Air Industries Group is incorporated in Nevada, as disclosed in its SEC filings, and its common stock is registered and traded on the NYSE American under the symbol AIRI. The company has a Loan and Security Agreement with Webster Bank, which has been amended multiple times. In a Tenth Amendment, Webster Bank agreed to waive certain covenant defaults related to a fixed charge coverage ratio and capital expenditure limits, and the maturity date of the revolving credit and term loans was extended to March 31, 2026. Earlier, in a Ninth Amendment, Air Industries agreed that proceeds from an at-the-market equity offering would be held in an interest-bearing account at Webster Bank as security for obligations under the loan agreement.

The company has also reported corporate actions affecting its capital structure and governance. It filed a Certificate of Amendment to its Articles of Incorporation to increase the number of authorized shares of common stock from 6,000,000 to 20,000,000, following shareholder approval at an annual meeting. In addition, Air Industries amended the quorum requirement in its bylaws so that one-third of the outstanding shares of common stock entitled to vote, present in person or by proxy, constitutes a quorum at shareholder meetings, replacing a prior majority-of-shares standard.

Operational focus and platforms

In its public communications, Air Industries highlights several aircraft platforms and programs that illustrate its operational focus. For the E-2D Advanced Hawkeye, described as an airborne command and control surveillance platform, the company states that it is the sole supplier of landing gear components and that it supports both new production and aftermarket MRO for this aircraft. For the B-52 aircraft, Air Industries has announced a contract for landing gear steering collar components, with deliveries scheduled over a multi-year period. The company has also reported contracts for rotorcraft components used on combat helicopters and has emphasized that these orders support MRO activities for aircraft already in service.

These examples show how Air Industries’ precision components are integrated into long-lived military aircraft programs, where ongoing aftermarket demand can extend for many years. The company’s own commentary associates this demand with its backlog and with its focus on aftermarket spares as a strategic area.

Use of conference calls and investor communications

Air Industries supplements its written financial disclosures with scheduled conference calls to discuss results and outlook. The company announces these calls in advance via press releases and Form 8-K filings, providing dial-in information and indicating that replays will be made available. These calls typically follow the release of quarterly or annual financial results and are used to elaborate on performance, cost trends, backlog, and expectations for future periods, as described in the company’s own statements.

Regulatory filings and reporting status

As a public company with common stock listed on the NYSE American, Air Industries files reports with the US Securities and Exchange Commission. Its recent Form 8-K filings cover topics such as financial results, loan agreement amendments, contract announcements, and changes to its articles of incorporation and bylaws. The company has also disclosed that it may use automatic extensions for filing its Annual Report on Form 10-K when needed, as permitted by SEC rules.

Risk and performance considerations

In its non-GAAP financial measure disclosures, Air Industries notes that Adjusted EBITDA and similar metrics do not reflect all cash requirements and that items such as interest expense are necessary to conduct its business. The company acknowledges that these measures have limitations in understanding performance and should not be viewed as substitutes for GAAP results. It also points out that materials and manufacturing lead times in aerospace can be long, which can influence the timing of revenue and profitability relative to bookings and backlog.

Summary

Overall, Air Industries Group presents itself, through its press releases and SEC filings, as a Nevada-incorporated aerospace and defense manufacturer that trades on the NYSE American under the symbol AIRI. It focuses on precision components and assemblies—particularly landing gear, flight controls, engine mounts, and related parts—for large aerospace and defense prime contractors, supporting both new aircraft production and aftermarket MRO. The company’s public communications emphasize its role on specific aircraft platforms, its backlog and bookings, its use of Adjusted EBITDA as a supplemental performance metric, and its ongoing management of credit facilities and capital structure.