Air Industries Group (AIRI) Awarded $5.4M Contract For B-52 Landing Gear Components

Air Industries Group (NYSEAMERICAN:AIRI) is among the 10 Best Low Priced Defense Stocks to Buy Now. On July 10, the firm announced that it was awarded a contract worth $5.4 million by the U.S. Air Force for landing gear steering collar components for the B-52 Aircraft.

Deliveries are scheduled to begin late next year and are expected to continue through the third quarter of 2027. Air Industries Group (NYSEAMERICAN:AIRI)’s CEO, Lou Melluzzo, expects the demand for the after-market product to support the B-52 to continue for several years to come, given the significance of the aircraft and the size of its fleet.

Earlier this year, in March, the company received two contracts with a combined value of approximately $3.3 million to provide landing and arresting gear components for the Navy’s E-2D Advanced Hawkeye aircraft. The order will support both the production of new aircraft and the maintenance, repair, and overhaul of existing ones in the fleet.

Air Industries Group (NYSEAMERICAN:AIRI) manufactures precision components and assemblies for major aerospace and defense contractors. Its offerings include landing gears, engine mounts, flight controls, and components for aircraft engines and other complex machines.

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