The latest update is out from Air Industries Group ( (AIRI) ).
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Air Industries Group announced a $2.6 million contract for main landing gear assemblies for the US Navy’s E-2D Advanced Hawkeye aircraft, emphasizing its strategic focus on aftermarket services for maintenance and overhaul of existing aircraft. This contract complements a previous $11 million award for new aircraft production, highlighting the company’s successful business development initiatives and its commitment to expanding support for international customers, which has led to significant new bookings in 2024 totaling over $45 million.
More about Air Industries Group
Air Industries Group is a leading manufacturer of precision components and assemblies for large aerospace and defense prime contractors. Its product range includes landing gears, flight controls, and engine mounts for aircraft jet engines and other complex machines, serving mission-critical operations vital for military and civilian safety.
Average Trading Volume: 69,052
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $13.67M
Learn more about AIRI stock on TipRanks’ Stock Analysis page.