An announcement from Air Industries Group ( (AIRI) ) is now available.
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Air Industries Group has secured a $5.9 million contract for producing actuators for the US Air Force’s F-5/T-38 aircraft, marking an expansion in their actuation business portfolio. This contract signifies a deepening relationship with a major defense prime contractor and supports the company’s strategic goals by increasing its actuation backlog and expanding its involvement in active aircraft platforms.
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 used in mission-critical operations essential for the safety of military personnel and civilians.
YTD Price Performance: 0.94%
Average Trading Volume: 66,733
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $14.44M
Learn more about AIRI stock on TipRanks’ Stock Analysis page.
