Air Industries Group (NYSEAMERICAN:AIRI) Reports Fiscal 2024 Results and Strategic Vision for Continued Growth

Air Industries Group, a prominent manufacturer of precision components and assemblies for aerospace and defense contractors, recently released its financial results for fiscal 2024 via a press release on January 16, 2025. The company highlighted record bookings and a 6.6% increase in preliminary revenue for the fiscal year.

In a recap of the fiscal year, Air Industries Group outlined significant accomplishments and strategic objectives for the upcoming period. The company’s various divisions witnessed substantial growth, supporting its overall performance. The Complex Machining Sector (CMS) in Bay Shore, NY, experienced record bookings, including a notable $110 million commercial contract. Similarly, Sterling Engineering Company (SEC) in Barkhamsted, CT, demonstrated exceptional performance with a 33% increase in sales over the previous year.

Air Industries Group achieved remarkable success in securing new business, with total bookings increasing by 15% compared to the previous year. The company also closed 2024 with its highest backlog levels in history, totaling over $270 million. Additionally, the fully-funded backlog grew by 20% to over $117 million at the end of 2024.

Lou Melluzzo, the Chief Executive Officer of Air Industries Group, expressed his optimism for the future, emphasizing the company’s commitment to sustainable growth and meeting the evolving needs of its defense customers. He commended the dedication of the company’s employees and their role in positioning Air Industries for continued success.

Looking ahead, Air Industries Group aims to capitalize on long-term agreements that drive growth and profitability, leveraging its strong backlog and reputation as a trusted industry partner. The company remains focused on delivering high-quality products to ensure mission success for its defense customers.

Air Industries Group is recognized as a reliable partner in the aerospace and defense sector, providing precision-engineered components for critical applications. The company’s decades-long expertise and dedication to supporting defense programs position it as a key player in the industry.

The company’s forward-looking statements, detailed in the press release, underscore its commitment to operational excellence and sustainable growth. Air Industries Group continues to monitor market trends and regulatory developments to adapt to changing conditions effectively.

For further information or inquiries, individuals can reach out to Air Industries Group’s Chief Financial Officer at 631-328-7039 or visit the company’s official website.

This press release contains forward-looking statements subject to various risks and uncertainties, as detailed in the company’s filings with the Securities and Exchange Commission. Consequently, actual results may differ materially from the projections and estimates presented in the statements.

Please visit www.airindustriesgroup.com/contact-us/ to establish contact with the company.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Air Industries Group’s 8K filing here.

About Air Industries Group

Air Industries Group, together with its subsidiaries, engages in the design, manufacture, and sale of precision components and assemblies for defense and commercial aerospace industry in the United States. It offers actuators, arresting gears, aerostructures, aircraft structures, chaff pod assemblies, machining and milling solutions, cylinders, drag beams and braces, flight controls, flight safety critical components, integrated assemblies, landing gears, large diameter turn-mills, submarine valves, thrust struts, engine mounts, and turbine engine components and weldments for aircraft jet engines, ground turbines, and other complex machines.