{"id":509706,"date":"2021-07-06T08:33:08","date_gmt":"2021-07-06T12:33:08","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/air-industries-group-announces-long-term-agreement-for-f-35-landing-gear-components\/"},"modified":"2021-07-06T08:33:08","modified_gmt":"2021-07-06T12:33:08","slug":"air-industries-group-announces-long-term-agreement-for-f-35-landing-gear-components","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/air-industries-group-announces-long-term-agreement-for-f-35-landing-gear-components\/","title":{"rendered":"Air Industries Group Announces Long-Term Agreement for F-35 Landing Gear Components"},"content":{"rendered":"

<\/p>\n

Air Industries Group Announces Long-Term Agreement for F-35 Landing Gear Components<\/b><\/p>\n

BAY SHORE, N.Y.–(BUSINESS WIRE<\/a>)–Air Industries Group (NYSE AMEX: AIRI):<\/span><\/p>\n

\nAir Industries Group (\u201cAir Industries\u201d or the \u201cCompany\u201d), an integrated manufacturer of precision equipment assemblies and components for leading aerospace and defense prime contractors, is pleased to announce that it has received a follow-on Long-Term Agreement (LTA) to produce landing gear components for the F-35 Joint Strike Fighter Aircraft.\n<\/p>\n

\nThe LTA from our customer estimates purchases of between $12 and $18 million dollars over the three-year period beginning in 2022 through 2024. Air Industries produces many landing gear components used on all three variants of the Aircraft.\n<\/p>\n

\nMr. Lou Melluzzo, CEO of Air Industries commented: \u201cAir Industries has produced landing gear components for the F-35 since the inception of production of the Aircraft. We are very pleased to be part of this historic program and to continue supporting the war fighter as production of the Aircraft approaches full-rate.\u201d <\/i><\/p>\n

ABOUT AIR INDUSTRIES GROUP <\/b><\/p>\n

\nAir Industries Group (AIRI) is an integrated manufacturer of complex machined products including landing gear, flight control, and jet turbine components for leading aerospace and defense prime contractors.\n<\/p>\n

FORWARD LOOKING STATEMENTS<\/b><\/p>\n

\nCertain matters discussed in this press release are \u2018forward-looking statements\u2019 intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. In particular, the Company\u2019s statements regarding trends in the marketplace, future revenues, earnings and Adjusted EBITDA, the ability to realize firm backlog and projected backlog, cost cutting measures, potential future results and acquisitions, are examples of such forward-looking statements. The forward-looking statements are subject to numerous risks and uncertainties, including, but not limited to, the timing of projects due to variability in size, scope and duration, the inherent discrepancy in actual results from estimates, projections and forecasts made by management, regulatory delays, changes in government funding and budgets, and other factors, including general economic conditions, not within the Company\u2019s control. The factors discussed herein and expressed from time to time in the Company\u2019s filings with the Securities and Exchange Commission could cause actual results and developments to be materially different from those expressed in or implied by such statements. The forward-looking statements are made only as of the date of this press release and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210706005090\/en\/<\/a><\/span><\/p>\n

\nAir Industries Group
\n
Michael Recca – CFO
\n
631.328.7078
\n
ir@airindustriesgroup.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America New York<\/p>\n

INDUSTRY KEYWORDS:<\/b> Other Manufacturing Other Defense Contracts Air Engineering Transport Aerospace Manufacturing Defense<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Air Industries Group Announces Long-Term Agreement for F-35 Landing Gear Components BAY SHORE, N.Y.–(BUSINESS WIRE)–Air Industries Group (NYSE AMEX: AIRI): Air Industries Group (\u201cAir Industries\u201d or the \u201cCompany\u201d), an integrated manufacturer of precision equipment assemblies and components for leading aerospace and defense prime contractors, is pleased to announce that it has received a follow-on Long-Term Agreement (LTA) to produce landing gear components for the F-35 Joint Strike Fighter Aircraft. The LTA from our customer estimates purchases of between $12 and $18 million dollars over the three-year period beginning in 2022 through 2024. Air Industries produces many landing gear components used on all three variants of the Aircraft. Mr. Lou Melluzzo, CEO of Air Industries commented: \u201cAir Industries has produced landing … <\/p>\n

Continue reading “Air Industries Group Announces Long-Term Agreement for F-35 Landing Gear Components”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-509706","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nAir Industries Group Announces Long-Term Agreement for F-35 Landing Gear Components - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/air-industries-group-announces-long-term-agreement-for-f-35-landing-gear-components\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Air Industries Group Announces Long-Term Agreement for F-35 Landing Gear Components - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Air Industries Group Announces Long-Term Agreement for F-35 Landing Gear Components BAY SHORE, N.Y.–(BUSINESS WIRE)–Air Industries Group (NYSE AMEX: AIRI): Air Industries Group (\u201cAir Industries\u201d or the \u201cCompany\u201d), an integrated manufacturer of precision equipment assemblies and components for leading aerospace and defense prime contractors, is pleased to announce that it has received a follow-on Long-Term Agreement (LTA) to produce landing gear components for the F-35 Joint Strike Fighter Aircraft. The LTA from our customer estimates purchases of between $12 and $18 million dollars over the three-year period beginning in 2022 through 2024. Air Industries produces many landing gear components used on all three variants of the Aircraft. 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