Air Industries Pockets $12.4M Order From US Navy

February 7, 2022 3:01 PM | 1 min read | Make a Comment

Air Industries Group AIRI subsidiary, Air Industries Machining Corp., has secured a contract to produce complete Main and Nose landing gear and ancillary components for the U.S. Navy's E-2D Advanced Hawkeye airborne early warning aircraft.
The contract value is ~$12.4 million, with deliveries starting in 2023 and completed in 2024.
The E-2D vital aircraft provides all-weather airborne early warning and command and control capabilities for all U.S. Navy aircraft carrier battle groups.
The E-2D Aircraft is one of five major aircraft platforms Air Industries supports, and it represented ~15% of the total sales in 2021.
Price Action: AIRI shares are trading higher by 3.01% at $0.84 on the last check Monday.

Posted In: News Penny Stocks Contracts Briefs

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.