Air Industries Group (NYSE: AIRI)

Air Industries Group is a manufacturer of precision components and assemblies for the aerospace and defense sectors. The company produces landing gears, flight controls, engine mounts, and parts for aircraft jet engines, ground turbines, and other complex machines. It operates as a Tier One and Tier Two supplier to original equipment manufacturers and also ships directly to the U. S. Government. Air Industries Group runs two state‑of‑the‑art manufacturing centers in Long Island, New York, and Barkhamsted, Connecticut, which house its legal subsidiaries Air Industries Machining (AIM), Nassau Tool Works (NTW), and Sterling Engineering Company (STE). The firm emphasizes a unwavering commitment to genuine quality and exceptional reliability, maintaining a record with no known incidents of part failure leading to a mission‑critical failure.

Air Industries Group generates revenue by selling its machined components and assemblies to aerospace and defense prime contractors under long‑term agreements, spot buys and other contracts. Its products are integrated into military aircraft, commercial aviation platforms, and ground‑based power generation systems. In 2025 the company reported net sales of $47.9 million, representing a modest increase from prior periods, while its funded backlog grew to $136.8 million, a 16.0% rise compared with the end of 2024. The total unfilled contract value, which includes the funded backlog and all potential orders against existing long‑term agreements, reached $270.1 million as of December 31, 2025. Bookings in fiscal 2025 amounted to $65.0 million, yielding a book‑to‑bill ratio of 1.36x, an improvement over the 1.29x ratio recorded in 2024. The company’s sales cycle varies from a few weeks to over a year depending on product complexity, and most orders stem from long‑term agreements that outline quantity and price for multi‑year shipments.

Within the aerospace and defense supply chain, Air Industries Group positions itself as a reliable source of high‑quality precision parts, often serving as the exclusive or primary supplier for specific components. The company competes against larger firms such as Monitor Aerospace (a division of GKN Aerospace), Hydromil (a division of Triumph Aerospace Group), Heroux Devetek, and Ellanef Manufacturing (a division of Magellan Corporation). Its competitive advantages stem from a long‑established history, a record of no mission‑critical part failures, domestic manufacturing facilities in New York and Connecticut, and ongoing investments in capital equipment and process improvements. In recent fiscal years the firm invested $3.3 million in 2025 and $2.3 million in 2024 in new property and equipment to enhance production efficiency, speed, and tolerance capabilities. These investments have enabled the company to increase output, expand the size of manufacturable products, and maintain close tolerances that are valued by customers. Additionally, Air Industries Group emphasizes a close‑knit workforce of approximately 160 employees, with specialized teams in manufacturing, quality control, administration, and sales, which supports consistent delivery of high‑reliability components.

Air Industries Group serves a diversified customer base that includes major defense contractors and commercial aviation manufacturers. Specific customers comprise RTX Corporation (including its Collins Aerospace and Pratt & Whitney business units), Lockheed Martin Corporation (via Sikorsky Aircraft), Northrop Grumman, General Electric Aerospace, GE Verona, and the U. S. Government through the Defense Logistics Agency. The company also supplies components to international governments and commercial airlines for use on military and civilian aircraft. In 2025 approximately 58.3% of net sales were attributed to end‑use on military aircraft, while the remainder came from commercial aviation and, to a lesser extent, ground‑based electricity generation. Air Industries Group has cultivated long‑standing relationships with these customers, often being selected as a sole or single source for high‑precision parts such as thrust struts for the Pratt & Whitney Geared Turbo‑Fan engine, landing gear for the UH‑60 Black Hawk and CH‑53K helicopters, and landing gear components for the F‑35 Lightning II and F‑18 Hornet aircraft. These relationships are reinforced by long‑term agreements that provide visibility into future demand and help secure repeat business.