Air Industries Group Receives Orders of $8.2 Million for Components Used on UH-60 Black Hawk and H-92 Helicopters
Air Industries Group (NYSE American: AIRI), a key producer of precision assemblies for aerospace and defense, has secured $8.2 million in orders from two clients. These orders are for components used in UH-60 Black Hawk and H-92 Super Hawk helicopters. Deliveries are set to commence in 2025. CEO Lou Melluzzo highlights the rising demand for military aircraft parts and the company's long-term role in supporting the Black Hawk program. The UH-60, the main helicopter for the U.S. Army, performs diverse roles such as transport and medical evacuation. The H-92, a military variant of the S-92, is notably used in Canada's Maritime Helicopter Program.
- Secured $8.2 million in new orders.
- Orders from two different clients indicate a diversified customer base.
- Deliveries scheduled from 2025 suggest a stable revenue stream.
- Four-decade-long experience supplying Black Hawk components bolsters credibility.
- The H-92 order signifies expansion into newer markets.
- Increased demand for military aircraft parts suggests a positive market trend.
- Deliveries starting in 2025 mean no immediate revenue gains.
- Dependence on military contracts may pose risks if defense budgets are reduced.
- No information on profit margins for these orders.
- Potential supply chain challenges could affect timely deliveries.
Insights
The announcement of the $
Financially, this could reflect positively on Air Industries' earnings reports in the coming years. However, it's essential to consider the broader economic environment and defense budget allocations, which could impact future orders. For retail investors, this news offers a perspective on the company's market position and future revenue prospects, but it's important to watch for any subsequent orders or financial results that affirm this trend.
Rating: 1
From a market demand perspective, the orders for UH-60 Black Hawk and H-92 helicopter components highlight a stable and potentially expanding defense market. The UH-60 Black Hawk is a staple in military operations globally and continued demand for its components is an indicator of ongoing and possibly increasing operational needs. The inclusion of the H-92, though newer, suggests that Air Industries is successfully expanding its product portfolio to newer platforms.
This diversification can be seen as a strategic move to mitigate risks associated with reliance on a single product line. The defense sector tends to have long procurement cycles and entering into newer platforms could provide Air Industries with a sustained revenue stream. Investors should note the significance of defense contracts as they often provide long-term business stability, though they are subject to government budget constraints and geopolitical dynamics.
Rating: 1
Mr. Lou Melluzzo, CEO of Air Industries, commented: “These contract awards provide tangible evidence of growing demand for critical military aircraft parts and our prominent role in supporting vital military aircraft programs. While the H-92 is a relatively new and welcome addition to our portfolio, we have been a supplier of flight critical assemblies for the Black Hawk for over four decades, and we are dedicated to continuing this commitment.”
Deliveries for these components are expected to begin in 2025.
Air Industries supports the UH-60 Black Hawk helicopter platform by providing flight critical components, such as the primary flight control assembly and the main transmission beam. Serving as the primary helicopter for the
The H-92 is a multi-mission, military derivative of the S-92 commercial helicopter, making it a larger alternative to the UH-60 Black Hawk. It is used by
ABOUT AIR INDUSTRIES GROUP
Air Industries Group is a leading manufacturer of precision components and assemblies for large aerospace and defense prime contractors. Its products include landing gear, flight controls, engine mounts and components for aircraft jet engines, ground turbines and other complex machines. Whether it is a small individual component or complete assembly, its high quality and extremely reliable products are used in mission critical operations that are essential for the safety of military personnel and civilians.
Additional information about the Company can be found in its filings with the SEC and its website at www.airindustriesgroup.com.
Forward Looking Statements
Certain matters discussed in this press release are 'forward-looking statements' intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. In particular, the Company's 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's control. The factors discussed herein and expressed from time to time in the Company's 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.
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Air Industries Group
Investor Relations
631.328.7079
ir@airindustriesgroup.com
Source: Air Industries Group
FAQ
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