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BAY SHORE, N.Y. - Air Industries Group (NYSE American:AIRI), a small-cap aerospace manufacturer with a market capitalization of $15.17 million, announced Wednesday it has received two contracts valued at approximately $6.9 million for aerospace defense components.
The contracts cover Fixed Wing Landing Gear Components and Rotorcraft Components for Combat Helicopters, specifically supporting Maintenance, Repair, & Overhaul (MRO) operations for aircraft currently in service.
According to a press release statement, these new awards bring Air Industries’ total aftermarket bookings to more than $13 million since the end of the first quarter of 2025, representing nearly 50% of the company’s new business during this period.
Lou Melluzzo, Chief Executive Officer of Air Industries Group, noted that increased penetration of the aftermarket sector is one of the company’s primary goals for 2025 and beyond.
Air Industries Group manufactures precision components and assemblies for major aerospace and defense prime contractors. The company’s product portfolio includes landing gears, flight controls, engine mounts, and components for aircraft jet engines and other complex machinery.
The components produced under these contracts will be used in mission-critical operations essential for the safety of military personnel and civilians, according to the company’s statement. For detailed analysis of AIRI’s financial health and growth prospects, including 7 additional key ProTips, investors can access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Air Industries Group reported its Q2 2025 earnings, showing a 6.7% decline in consolidated net sales compared to the previous year. The company also recorded a net loss of $422,000, which translates to a loss of $0.11 per share. Despite implementing strategic initiatives and securing new orders, these efforts did not prevent a sharp decline in the company’s stock following the earnings announcement. The reported financial results have drawn attention from investors, highlighting the challenges faced by Air Industries Group in the current economic landscape. There have been no recent updates on any mergers or acquisitions involving the company. Additionally, no analyst upgrades or downgrades have been reported for Air Industries Group at this time. These recent developments have contributed to the ongoing scrutiny of the company’s financial health and strategic direction.
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