Air Industries Group

Last price update: 28 Mar 24 21:57 GMT

Price:
$4.70
Open:
$4.89
Previous close:
$4.89
Day's range:
$4.70 - $5.30
Year's range:
$2.60 - $5.30
Net Income per Share:
-0.99
Price-to-Earnings ratio:
-4.75
52-week Price Range:
$4.30
Volume:
$25,666.00
Average volume:
$10,609.00

Company profile for Air Industries Group

Air Industries Group logo

Air Industries Group is an aerospace and defense company, providing engineering, designing and manufacturing services for mission-critical aerospace and defense applications. Founded in 1979, it is headquartered in Bay Shore, New York, and operates through two segments: Complex Machining and Turbine & Engine Components. The company is a prime contractor to the U.S. Department of Defense and its products are used by original equipment manufacturers in the manufacture of fixed wing aircraft, helicopters, jet turbine engines and other complex aerospace and defense products.

The Complex Machining segment provides aircraft landing and arresting gears, engine mounts, flight controls, throttle quadrants and other components to a range of military and commercial aircraft, including Sikorsky’s UH-60 Blackhawk, Lockheed Martin F-35 Joint Strike Fighter, Northrop Grumman E2D Hawkeye, the US Navy F-18 and USAF F-16 and F-15 fighter aircraft. On the other hand, the Turbine and Engine Component segment manufactures components and provides services for aircraft jet engines and ground-power turbines. Its jet engine components are used on the USAF F-15 and F-16, the Airbus A-330, the Boeing 777 and others, as well as on ground-power turbine applications.

Air Industries Group is a vertically integrated manufacturer. It owns five subsidiaries: Air Industries Machining, Air Industries Hangar, Turbine Components Corporation, Techn-Lite Corporation and Innovative Metal Solutions that span the entire aerospace supply chain from purchase of raw material through machining, forming, welding, and integration of large assemblies. All together they operate seven manufacturing plants located in New York and Connecticut, including three facilities with FAA approved Repair Station certificates. The company also has two OEM (Original Equipment Manufacturer) Parts Manufacturing Agreements with Pratt & Whitney and GE Aviation. In 2018, Air Industries Group reported $113 million in revenue, growing 12.5% year-over-year.

Stock exchanges:
AMEX
Sector:
Industrials
Industries:
Aerospace & Defense
Ticker:
AIRI
CIK:
1009891
ISIN:
US00912N2053
Website:
https://www.airindustriesgroup.com
Phone:
631 968 5000
Origin:
United States
Employees:
197