other material
confidence high
sentiment positive
materiality 0.60
Air Industries secures $5.9M contract for F-5/T-38 aircraft actuators
AIR INDUSTRIES GROUP
- Contract worth $5.9 million for flight control assemblies on US Air Force F-5/T-38 aircraft.
- Company had not manufactured product for this platform in many years; award expands active platform portfolio.
- Contract supports initiative to grow actuation business; new actuation assembly/testing cell built in Bay Shore, NY.
- Award deepens relationship with a major defense prime contractor and increases actuation backlog.