BAY SHORE, N.Y.–(Company WIRE)–Air Industries Group (NYSE American: AIRI), an integrated Tier 1 manufacturer of precision assemblies and components for mission-critical aerospace and defense apps, and a primary contractor to the U.S. Section of Protection, today introduced that it has won two essential contracts with a merged total worth of $5. million.
The Company’s Air Industries Machining Corp. (Intention) subsidiary has been awarded a five-12 months Prolonged-Phrase Arrangement (LTA) to manufacture flight-critical assemblies for the Blackhawk helicopter, with an believed value of $2.2 million. Purpose has made this products for many a long time. The new LTA extends till December 31, 2027, replacing an existing LTA expiring at 2022 calendar year-conclusion.
Air Industries also reported its Sterling Engineering subsidiary has gained a new buy worthy of $2.8 million for motor elements to be made use of on the F404 jet motor. This engine, which powers frontline fighters and trainers close to the world, has been in production for many yrs and is getting applied in the new Boeing-Saab T-7A Purple Hawk advanced jet training aircraft.
Mr. Lou Melluzzo, CEO of Air Industries, commented: “We are pleased to announce the extension of Air Industries Machining‘s longstanding LTA to manufacture assemblies for the Blackhawk helicopter, as well as a new award for Sterling Engineering to offer parts for the F404 motor. These contracts from extended-set up clients obviously demonstrate the energy of Air Industries’ present associations, which are the foundation of our business.”
ABOUT AIR INDUSTRIES Group
Air Industries Team (NYSE American: AIRI) is an integrated producer of precision assemblies and elements for top aerospace and protection key contractors and first products makers. The Company is a Tier 1 supplier to plane Initial Tools Suppliers, a Tier 2 subcontractor to key Tier 1 makers, and a Prime Contractor to the U.S. Section of Protection, and is extremely regarded for its know-how in designing and production components and assemblies that are vital for flight safety and efficiency.
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