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NEWS TODAY
Air Industries Group Secures Contract worth $5.9 Million for US Air Force F-5/T-38 Aircraft Actuators
Wednesday, 8th January at 7:00 am
Air Industries Group ("Air Industries") (NYSE: AIRI), a leading manufacturer of precision components and assemblies for large aerospace and defense prime contractors, today announced that it has received a contract worth $5.9 million for flight control assemblies (actuators) for the US Air Force F-5/T-38 aircraft.
Lou Melluzzo, Chief Executive Officer of Air Industries Group commented: "The F-5/T-38 aircraft is a long-established Air Force aircraft platform. Air Industries has not manufactured product for this aircraft in many years. This award continues to expand our current portfolio.
"Increasing our actuation business has been a major initiative at Air Industries, and to support this effort, last year we built a new actuation assembly and testing cell in our Bay Shore, NY facility. Anything that moves something from point "A" to point "B" on an aircraft requires an actuator, and whether it is pneumatic, hydraulic or electric, we strive to be the supplier of choice for this commodity. The unique skill set that we have developed for landing gear translates well to the manufacture of actuators, as every retractable gear incorporates actuation.
"We continue to market these capabilities aggressively with both legacy and new clients, and this award deepens our relationship with a major defense prime contractor. It also checks three strategic boxes: It expands our portfolio of active aircraft platforms, supports our initiative to increase aftermarket business, and substantially increases our actuation backlog."
Wednesday, 8th January at 7:00 am
Air Industries Group ("Air Industries") (NYSE: AIRI), a leading manufacturer of precision components and assemblies for large aerospace and defense prime contractors, today announced that it has received a contract worth $5.9 million for flight control assemblies (actuators) for the US Air Force F-5/T-38 aircraft.
Lou Melluzzo, Chief Executive Officer of Air Industries Group commented: "The F-5/T-38 aircraft is a long-established Air Force aircraft platform. Air Industries has not manufactured product for this aircraft in many years. This award continues to expand our current portfolio.
"Increasing our actuation business has been a major initiative at Air Industries, and to support this effort, last year we built a new actuation assembly and testing cell in our Bay Shore, NY facility. Anything that moves something from point "A" to point "B" on an aircraft requires an actuator, and whether it is pneumatic, hydraulic or electric, we strive to be the supplier of choice for this commodity. The unique skill set that we have developed for landing gear translates well to the manufacture of actuators, as every retractable gear incorporates actuation.
"We continue to market these capabilities aggressively with both legacy and new clients, and this award deepens our relationship with a major defense prime contractor. It also checks three strategic boxes: It expands our portfolio of active aircraft platforms, supports our initiative to increase aftermarket business, and substantially increases our actuation backlog."
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