Air Industries Group secures $110M GTF engine components contract, backlog tops $280M

AIR INDUSTRIES GROUP

Secured $110M, 7-year contract for thrust struts used in GTF aircraft jet engines; sole supplier since 2015.
Contract replaces and expands existing deal expiring Dec 2024; runs Jan 2025 through 2031.
Backlog surges to over $280M, first time exceeding a quarter-billion dollars.
Production expected to require ~40,000 hours annually at Long Island facility; top and bottom lines to benefit.

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