Air Industries Group ( (AIRI) ) has issued an announcement.
On February 27, 2025, Air Industries Group announced it secured two contracts worth approximately $1.5 million for landing gear components for the US Air Force B1-B Lancer bomber and the F-16 Fighting Falcon. These contracts are significant as they focus on maintenance, repair, and overhaul, aligning with the US Military’s increased budget for Operations & Maintenance (O&M), which is nearly twice the size of the Procurement budget. The Pentagon’s fiscal year 2025 budget request reflects a 3.5% increase in O&M, highlighting the strategic importance of these contracts for Air Industries Group’s business development efforts in a large and growing market.
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: -10.09%
Average Trading Volume: 55,041
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $12.86M
Learn more about AIRI stock on TipRanks’ Stock Analysis page.