tiprankstipranks
Air Industries awarded two new contracts valued at $5.2M
The Fly

Air Industries awarded two new contracts valued at $5.2M

Air Industries announced that it has been awarded two new contracts valued at a total of $5.2M to produce components for the U.S. Navy E-2D aircraft and F-35 Joint Strike Fighter. The first order is valued at $2M for E-2D arresting gear components. The order originates from a long-time customer of Air Industries Group, which has manufactured these flight safety components for many years. Deliveries under this new order are expected to begin in 2025. The second order is valued at $3.2M for F-35 arresting gear components for the CV and CTOL versions of the aircraft. This order is from a new, non-U.S. customer for Air Industries Group. Deliveries under this order are expected to begin in the fourth quarter of 2023.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See Insiders’ Hot Stocks on TipRanks >>

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles