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Air Industries Group ( (AIRI) ) has shared an update.
Air Industries Group has secured a significant seven-year contract worth $33 million to manufacture components for the CH-53K King Stallion helicopter, enhancing its role in a high-priority defense program by the U.S. Department of Defense. This agreement is expected to boost the company’s production capabilities, revenue, and profitability, while also leading to investments in new equipment to support increased manufacturing demands and future growth.
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 products include landing gears, flight controls, engine mounts, and components for aircraft jet engines, ground turbines, and other complex machines, which are essential for the safety of military personnel and civilians.
YTD Price Performance: 29.23%
Average Trading Volume: 69,039
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $14.1M
Learn more about AIRI stock on TipRanks’ Stock Analysis page.