Air Industries Group (NYSE: AIRI)

Air Industries Group, Inc. (AIRI) operates in the aerospace and defense industry, manufacturing precision components and assemblies for large prime contractors such as Airbus, Boeing, General Electric, Lockheed Martin, Northrop Grumman, and RTX. The company's offerings include landing gears, flight controls, engine mounts, and components for aircraft jet engines, ground turbines, and other complex machines.

Air Industries Group generates revenue predominantly through the sale of its products to customers within the aerospace and defense industry, which includes the U.S. Government, international governments, and commercial global airlines. In 2023, approximately 82.3% of the company's net sales were attributed to customers who utilize its products for end-use on military aircraft.

The company boasts a long-standing history in producing parts for military aircraft, dating back to World War II. Its products are used in various platforms and programs, such as the F-18 Hornet, E-2D Hawkeye, UH-60 Black Hawk Helicopter, Pratt & Whitney Geared Turbo-Fan Engine, and F-35 Lightning II. Air Industries Group's competitive advantages include its ability to deliver high-quality products on time and at competitive prices, as well as its strong relationships with customers.

Air Industries Group's customers include prominent companies in the aerospace and defense industry, such as RTX Corporation, Lockheed Martin Corporation, and General Electric Aerospace. The company also supplies products to the U.S. Government, including the Defense Logistics Agency (DLA) and the U.S. Department of Defense (DoD).

In 2023, Air Industries Group reported net sales of $51.5 million and a net loss of $2.1 million, while its backlog stood at $98.3 million, indicating an increase of 14.7% compared to the previous year. Air Industries Group is a publicly traded company, listed on the OTC Markets Group's OTCQB market under the ticker symbol AIRI, with its common stock considered a high-risk investment.

Investors should be aware of various risks and uncertainties associated with the company, including its dependence on a limited number of customers, the volatility of the aerospace and defense industry, and potential changes in government spending priorities. The company's financial performance is influenced by factors such as the timing and amount of orders received, the cost of raw materials and labor, and its ability to manage production capacity and supply chain.

Air Industries Group's brand names and trade names include precision components and assemblies for the aerospace and defense industry, encompassing the F-18 Hornet, E-2D Hawkeye, UH-60 Black Hawk Helicopter, Pratt & Whitney Geared Turbo-Fan Engine, and F-35 Lightning II.