Air Industries Group Secures Contract worth $5.9 Million for US Air Force F-5/T-38 Aircraft Actuators
Air Industries Group (NYSE American: AIRI) has secured a $5.9 million contract for flight control assemblies (actuators) for the US Air Force F-5/T-38 aircraft. This marks the company's return to manufacturing for this long-established aircraft platform after several years.
The contract aligns with Air Industries' strategic initiative to expand its actuation business, supported by their new actuation assembly and testing cell in Bay Shore, NY. The company leverages its landing gear manufacturing expertise in actuator production, as retractable gear systems incorporate actuation technology.
This award strengthens Air Industries' relationship with a major defense prime contractor while advancing three strategic objectives: expanding their active aircraft platform portfolio, increasing aftermarket business, and boosting their actuation backlog.
Air Industries Group (NYSE American: AIRI) ha ottenuto un contratto di 5,9 milioni di dollari per l'assemblaggio dei controlli di volo (attuatori) per gli aerei F-5/T-38 delle Forze Armate Statunitensi. Questo segna il ritorno dell'azienda nella produzione per questa piattaforma aerea di lunga data dopo diversi anni.
Il contratto si allinea con l'iniziativa strategica di Air Industries di espandere il proprio business degli attuatori, supportata dalla loro nuova cella di assemblaggio e collaudo degli attuatori a Bay Shore, NY. L'azienda sfrutta la propria esperienza nella produzione di carrelli di atterraggio per la produzione di attuatori, poiché i sistemi di carrelli retrattili incorporano tecnologia di attuazione.
Questo premio fortifica la relazione di Air Industries con un importante appaltatore principale della difesa, avanzando tre obiettivi strategici: espandere il portafoglio delle piattaforme aeree attive, aumentare il business post-vendita e potenziare il proprio portafoglio di ordini per il settore degli attuatori.
Air Industries Group (NYSE American: AIRI) ha conseguido un contrato de 5,9 millones de dólares para ensamblajes de control de vuelo (actuadores) para los aviones F-5/T-38 de la Fuerza Aérea de los EE. UU. Esto marca el regreso de la empresa a la fabricación para esta plataforma de aeronaves consolidada después de varios años.
El contrato se alinea con la iniciativa estratégica de Air Industries de expandir su negocio de actuadores, apoyada por su nueva celda de ensamblaje y prueba de actuadores en Bay Shore, NY. La empresa aprovecha su experiencia en la fabricación de trenes de aterrizaje en la producción de actuadores, ya que los sistemas de trenes de aterrizaje retráctiles incorporan tecnología de actuación.
Este premio fortalece la relación de Air Industries con un importante contratista principal de defensa mientras avanza en tres objetivos estratégicos: expandir su cartera de plataformas aeronaves activas, aumentar el negocio de posventa y aumentar su cartera de pedidos de actuadores.
에어 인더스트리 그룹 (NYSE American: AIRI)가 미 공군 F-5/T-38 항공기를 위한 비행 제어 조립품(액추에이터)에 대해 590만 달러 계약을 체결했습니다. 이는 회사가 수년 간의 공백을 거쳐 이 오랜 항공기 플랫폼의 제조로 돌아가는 것을 의미합니다.
이번 계약은 에어 인더스트리의 액추에이션 사업 확장 전략과 일치하며, 뉴욕주 베이 쇼어에 새롭게 설립된 액추에이션 조립 및 테스트 셀에 의해 지원됩니다. 이 회사는 액추에이터 생산에 있어 착륙 장비 제조 전문 기술을 활용하고 있으며, 수축 가능한 기어 시스템은 액추에이션 기술을 포함하고 있습니다.
이번 계약은 에어 인더스트리와 주요 방산 계약업체 간의 관계를 강화하며, 세 가지 전략적 목표를 추진합니다: 활성 항공기 플랫폼 포트폴리오 확대, 애프터마켓 비즈니스 증가, 그리고 액추에이션 백로그 증가입니다.
Air Industries Group (NYSE American: AIRI) a obtenu un contrat de 5,9 millions de dollars pour des ensembles de contrôle de vol (actionneurs) pour les avions F-5/T-38 de l'US Air Force. Cela marque le retour de l'entreprise à la fabrication pour cette plateforme aéronautique bien établie après plusieurs années.
Ce contrat s'aligne avec l'initiative stratégique d'Air Industries d'élargir son activité d'actionnement, soutenue par leur nouvelle cellule d'assemblage et de test d'actionneurs à Bay Shore, NY. L'entreprise tire parti de son expertise dans la fabrication de trains d'atterrissage pour la production d'actionneurs, les systèmes de train d'atterrissage rétractables intégrant la technologie d'actionnement.
Cette attribution renforce la relation d'Air Industries avec un important entrepreneur principal en défense tout en avançant trois objectifs stratégiques : élargir leur portefeuille de plateformes aéronautiques actives, augmenter les activités après-vente et accroître leur carnet de commandes d'actionneurs.
Air Industries Group (NYSE American: AIRI) hat einen Vertrag über 5,9 Millionen Dollar für Flugsteuerungsbaugruppen (Aktuatoren) für die F-5/T-38 Flugzeuge der US Air Force gesichert. Dies markiert die Rückkehr des Unternehmens in die Fertigung für diese lang etablierte Flugzeugplattform nach mehreren Jahren.
Der Vertrag stößt mit Air Industries' strategischem Anliegen überein, ihr Aktuatoren-Geschäft auszubauen, unterstützt durch ihre neue Aktuator-Montage- und Testzelle in Bay Shore, NY. Das Unternehmen nutzt seine Expertise in der Herstellung von Fahrwerken zur Produktion von Aktuatoren, da einfahrbare Fahrwerksysteme Aktuationstechnologie integrieren.
Diese Auszeichnung stärkt die Beziehung von Air Industries zu einem wichtigen Hauptauftragnehmer in der Verteidigungsindustrie, während drei strategische Ziele vorangetrieben werden: die Erweiterung ihres Portfolios aktiver Flugzeugplattformen, die Steigerung des Aftermarket-Geschäfts und die Aufstockung ihres Auftragsbestands für Aktuatoren.
- Secured new $5.9 million contract for F-5/T-38 aircraft actuators
- Successfully re-entered F-5/T-38 aircraft platform market
- Expanded relationship with major defense prime contractor
- Enhanced production capabilities with new actuation assembly and testing cell
- None.
Insights
This
The investment in a dedicated actuation assembly and testing facility in Bay Shore shows forward-thinking capital allocation, positioning AIRI to capture a larger share of the aerospace actuation market. With every aircraft requiring multiple actuators for various control surfaces, this capability expansion could lead to follow-on contracts across different platforms.
For a company with a market cap of
The technical significance of this contract lies in the complexity of flight control actuators, which require precise manufacturing tolerances and rigorous testing protocols. Air Industries' ability to secure this contract indicates their manufacturing capabilities meet the stringent requirements for flight-critical components. Their experience in landing gear systems provides valuable synergies, as both product lines share similar requirements for precision machining and hydraulic system expertise.
The company's strategic pivot towards actuator manufacturing is well-timed. The aerospace actuator market is experiencing growth driven by both new aircraft production and the increasing need for replacement parts in aging fleets. By establishing dedicated testing facilities, AIRI has created a competitive advantage in quality assurance and production efficiency that could lead to additional contract wins.
Lou Melluzzo, Chief Executive Officer of Air Industries Group commented: “The F-5/T-38 aircraft is a long-established Air Force aircraft platform. Air Industries has not manufactured product for this aircraft in many years. This award continues to expand our current portfolio.
“Increasing our actuation business has been a major initiative at Air Industries, and to support this effort, last year we built a new actuation assembly and testing cell in our
“We continue to market these capabilities aggressively with both legacy and new clients, and this award deepens our relationship with a major defense prime contractor. It also checks three strategic boxes: It expands our portfolio of active aircraft platforms, supports our initiative to increase aftermarket business, and substantially increases our actuation backlog.”
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 gears, 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.
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.
NON-GAAP FINANCIAL MEASURES
The Company uses Adjusted EBITDA, a Non-GAAP financial measure as defined by the SEC, as a supplemental profitability measure because management finds it useful to understand and evaluate results, excluding the impact of non-cash depreciation and amortization charges, stock based compensation expenses, and nonrecurring expenses and outlays, prior to consideration of the impact of other potential sources and uses of cash, such as working capital items. This calculation may differ in method of calculation from similarly titled measures used by other companies and may be different than the EBITDA calculation used by our lenders for purposes of determining compliance with our financial covenants. This Non-GAAP measure may have limitations when understanding performance as it excludes the financial impact of transactions such as interest expense necessary to conduct the Company’s business and therefore are not intended to be an alternative to financial measure prepared in accordance with GAAP. The Company has not quantitatively reconciled its forward looking Adjusted EBITDA target to the most directly comparable GAAP measure because items such as amortization of stock-based compensation and interest expense, which are specific items that impact these measures, have not yet occurred, are out of the Company’s control, or cannot be predicted. For example, quantification of stock-based compensation is not possible as it requires inputs such as future grants and stock prices which are not currently ascertainable.
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Air Industries Group
Chief Financial Officer
631-328-7039
Source: Air Industries Group
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