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Investing.com -- Air Industries Group (NYSE American:AIRI) stock surged 65% after the aerospace components manufacturer announced a $5.4 million contract to produce landing gear steering collar components for the U.S. Air Force B-52 bomber fleet.
The contract marks Air Industries’ entry into the B-52 supply chain, representing the company’s first order from a new customer. Deliveries under the agreement are scheduled to begin in late 2026 and continue through the third quarter of 2027.
Lou Melluzzo, Chief Executive Officer of Air Industries Group, highlighted the strategic importance of the contract, noting that the B-52 fleet is expected to remain in service for another 25 years. "With 76 aircrafts active in the fleet we expect that demand for after-market product to support this aircraft will continue for many years," Melluzzo stated.
The CEO further emphasized that this contract aligns with the company’s "increased focus on after-market spares" in the aerospace and defense sectors.
Air Industries Group specializes in manufacturing precision components and assemblies for major aerospace and defense prime contractors. The B-52, a long-range strategic bomber, has been in service for decades and continues to undergo upgrades to extend its operational lifespan.
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