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Conference/Events
Air Industries management to meet virtually with Roth Capital » 04:55
03/25/20
03/25
04:55
03/25/20
04:55
AIRI

Air Industries

$0.80 /

+0.1666 (+26.28%)

Virtual Meeting to be…

Virtual Meeting to be held on March 25 hosted by Roth Capital.

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Conference/Events
Air Industries management to meet virtually with Roth Capital » 14:43
03/23/20
03/23
14:43
03/23/20
14:43
AIRI

Air Industries

$0.63 /

-0.11 (-14.86%)

Virtual Meeting to be…

Virtual Meeting to be held on March 25 hosted by Roth Capital.

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Hot Stocks
Air Industries receives $9.3M order for thrust struts » 08:38
03/04/20
03/04
08:38
03/04/20
08:38
AIRI

Air Industries

$1.31 /

-0.015 (-1.13%)

Air Industries announced…

Air Industries announced that it has received a firm order for $ 9.3M for thrust struts, a critical component in the Pratt & Whitney geared-turbo-fan jet engine. This purchase order is part of a contract, long-term agreement, previously announced on January 14. This purchase order is for product deliverable during the second half of calendar 2020 and Q1 of 2021.

Hot Stocks
Air Industries trading resumes  11:00
01/14/20
01/14
11:00
01/14/20
11:00
AIRI

Air Industries

$2.83 /

+ (+0.00%)

 
Hot Stocks
Air Industries announces 5 year agreement with potential sales in excess of $60M » 10:48
01/14/20
01/14
10:48
01/14/20
10:48
AIRI

Air Industries

$2.83 /

+ (+0.00%)

Air Industries Group…

Air Industries Group announced that it has received a significant new long-term agreement through its subsidiary Air Industries Machining Corporation. This five-year LTA is for "Thrust Struts," a critical component of the Pratt & Whitney Geared-Turbo-Fan jet engine. The GTF powers the Airbus A-220, the Mitsubishi MRJ, and the Embraer E-2 commercial airliners. Based on the OEM's forecast, the contract could generate potential sales of approximately $61.7M over the five-year term. As is customary with LTA contracts, Air Industries expects to receive sequential firm orders for delivery of product against the Agreement. Lou Melluzzo, CEO of Air Industries, commented: "This Agreement marks a milestone for Air Industries Machining. It is one of the largest single contracts the company has ever received, and from our largest customer. In 2014, AIM developed and engineered the manufacturing processes for this product, and has been producing it for the past five-years. Since the Geared Turbo-Fan engine entered into service, we have produced over 1,200 Thrust Struts. This new contract is a follow-on renewal of the original five-year contract. With production of the GTF accelerating, our customer is forecasting a significant increase in demand over the next five years. We expect to start shipping this product beginning in the second half of this year.:

Hot Stocks
Air Industries trading halted, news pending  09:26
01/14/20
01/14
09:26
01/14/20
09:26
AIRI

Air Industries

$2.83 /

+0.03 (+1.07%)

 
Hot Stocks
Air Industries receives new contract awards totaling $18.2M » 16:23
12/04/19
12/04
16:23
12/04/19
16:23
AIRI

Air Industries

$1.28 /

-0.02 (-1.54%)

Air Industries Group…

Air Industries Group announced that it has received major new contract awards totaling $18.2M, and potential follow-on orders for an additional $13.7M. Air Industries Machining Corporation, a unit of its Complex Machining Sector, received firm orders totaling approximately $11.9 million, including: An award of approximately $3.0 million for F-35 Joint Strike Fighter landing gear components, with deliveries beginning next year and continuing through 2021; An award of approximately $8.9 million for complete landing gear for the E2-D Hawkeye with deliveries beginning in 2021. The company has also been awarded exclusivity for an additional three years (2023 to 2025), covering additional product that may be ordered by our customer, worth an estimated $13.7 million. Sterling Engineering Corporation, its Turbine & Engine Sector, received firm orders during October and November totaling $6.3 million, these orders extend to 2023. Jet engine components totaled $2.4 million. Rotorcraft components totaled $3.9 million. These orders increase the company's eighteen-month firm and funded backlog to approximately $110 million dollars.

Syndicate
Air Industries files $8.2M mixed securities shelf  16:38
09/30/19
09/30
16:38
09/30/19
16:38
AIRI

Air Industries

$1.32 /

-0.02 (-1.49%)

 

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