other material
confidence high
sentiment positive
materiality 0.60
Air Industries secures $2.6M E-2D aftermarket landing gear contract; total Dec bookings >$45M
AIR INDUSTRIES GROUP
- New $2.6M award for main landing gear assemblies for US Navy E-2D Advanced Hawkeye aftermarket MRO.
- Follows $11M award on Dec 9 for same product supporting new aircraft production; now combined E-2D awards total $13.6M.
- In December 2024 alone, three contracts announced worth over $45 million; bookings exceeded billings for full 2024.
- CEO notes aftermarket initiative and international support plan; E-2D expected in service into 2040s.