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air industries group (AIRI) Details

Air Industries Group, an aerospace and defense company, designs and manufactures structural parts and assemblies that focus on flight safety. The company operates through three segments: Complex Machining, Aerostructures & Electronics, and Turbine Engine Components. It offers landing gear, arresting gear, engine mounts, flight controls, throttle quadrants, jet engines, and other components; sheet metal fabrication of aero structures; and tube bending and welding services. The company’s products are deployed on a range of military and commercial aircrafts, including Sikorsky's UH-60 Black Hawk and CH-47 Chinook helicopters, Lockheed Martin's F-35 Joint Strike Fighter, Northrop Grumman's E2 Hawkeye, Boeing's 777, Airbus' 380 commercial airliners, and the US Navy F-18 and USAF F-16 fighter aircraft. It also produces electromechanical systems, and harness and cable assemblies; fabricates electronic equipment and printed circuit boards; and engages in machining of aircraft and ground turbine engine components, as well as the assembly of packages or kits containing supplies for various branches of the United States Defense Department, including ordnance parts, hose assemblies, hydraulic assemblies, mechanical assemblies, and electrical assemblies. In addition, the company manufactures radio frequency interference/electro-magnetic interference shielded enclosures for electronic components. It serves aircraft manufacturers, subcontractors, original equipment manufacturers, and aircraft component suppliers in the United States. The company was incorporated in 2006 and is headquartered in Hauppauge, New York.

209 Employees
Last Reported Date: 04/1/19
Founded in 2006

air industries group (AIRI) Top Compensated Officers

President & CEO
Total Annual Compensation: $290.8K
Chief Financial Officer
Total Annual Compensation: $209.2K
Compensation as of Fiscal Year 2018.
air industries group
Air Industries Group Presents at Taglich Brothers 16th Annual Investment Conference, Apr-30-2019 04:00 PM

Air Industries Group Presents at Taglich Brothers 16th Annual Investment Conference, Apr-30-2019 04:00 PM. Venue: Parker New York, New York, New York, United States.

Air Industries Group Announces Financial Results for the First Quarter Ended March 31, 2019; and Reaffirms Earnings Guidance for Fiscal 2019

Air Industries Group announced financial results for the first quarter ended March 31, 2019. The company reported, Consolidated net sales from continuing operations were $13.9 million for the three months ended March 31, 2019 increasing $2.0 million or 16.8% compared to net sales of $11.9 million for the three months ended March 31, 2018. Operating loss was $62,000 compared to an operating loss of $500,000 for the three months ended March 31, 2018. Net Loss was $271,000. Air Industries reaffirmed its guidance that net sales for fiscal 2019 will exceed the $44.5 million revenue achieved in fiscal 2018, with Adjusted EBITDA in the range of $3.0 to $3.5 million in 2019.

Air Industries Group, Q1 2019 Earnings Call, Apr 29, 2019

Air Industries Group, Q1 2019 Earnings Call, Apr 29, 2019

 

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