Air Industries Group is a leading manufacturer of precision components and assemblies for the aerospace and defense sectors, known for high-quality products essential for mission-critical operations.

# Company Overview: Air Industries Group

Air Industries Group is a leading manufacturer specializing in precision components and assemblies primarily for the aerospace and defense sectors. The company has established a strong reputation for delivering high-quality products that are used in mission-critical operations, emphasizing safety for military personnel and civilians.

## Key Details

### Business Activities
- **Product Range**: 
  - Landing gears
  - Flight controls
  - Engine mounts
  - Components for aircraft jet engines
  - Ground turbines
  - Other complex machines

### Market Focus
- **Primary End-Users**: 
  - U.S. Government
  - International governments
  - Commercial global airlines
- **Customer Base**: The company maintains long-term relationships with major aerospace and defense contractors, and approximately 70% of its net sales in 2024 were attributed to military aircraft components. 

### Current Operations
- **Locations**: Operates two advanced manufacturing facilities:
  - Bay Shore, New York (81,000 sq. ft.)
  - Barkhamsted, Connecticut (74,923 sq. ft.)
- **Employees**: As of March 31, 2025, Air Industries Group employed 184 individuals, with roles distributed across manufacturing, production, quality control, administration, sales, and procurement.

### Financial Performance
- **Revenue**: 
  - For the fiscal year ended December 31, 2024, the company reported net sales of **$55.1 million**, an increase of approximately **7%** from **$51.5 million** in 2023.
- **Gross Profit**: The gross profit for 2024 was **$8.93 million**, with a gross margin percentage of **16.2%**, an improvement from **14.4%** in 2023.
- **Net Income**: The company reported a net loss of **$1.37 million** for the fiscal year ended December 31, 2024, which was a reduction in loss from **$2.13 million** in 2023.

### Customer Relationships
- **Customer Concentration**: 
  - The company’s sales are concentrated among a small number of large customers. In 2024, significant customers included:
    - RTX Corporation: 29.3% of net sales
    - Lockheed Martin: 25.1%
    - Northrop Grumman: 18.3%
    - Boeing: 0.7%
- **Contract Agreements**: Air Industries frequently operates under Long-Term Agreements (LTAs) that demonstrate customer commitment and ensure a steady flow of business.

### Challenges and Strategic Outlook
- The company faces challenges related to competition, cost fluctuations in raw materials, and dependence on government contracts.
- As of December 31, 2024, the company had a backlog of approximately **$117.9 million** in funded orders and a total unfilled contract value of **$271.3 million**, which positions it for potential growth and revenue stability in the coming years.

In summary, Air Industries Group plays a critical role in the aerospace and defense supply chain, leveraging its long-standing expertise and customer relationships to drive its performance and adapt to industry challenges.

Air Industries Group is a specialized manufacturer of precision aerospace components and assemblies, catering to military and commercial aviation sectors.

# Air Industries Group Overview

**Company Name:** Air Industries Group  
**Incorporation State:** Nevada  
**IRS Employer Identification Number:** 80-0948413  
**Address:** 1460 Fifth Avenue, Bay Shore, New York 11706  
**Phone:** (631) 968-5000

## Business Description

Air Industries Group specializes in the design, manufacture, and distribution of precision aerospace components and assemblies, primarily serving the military and commercial aviation sectors. The company operates through multiple subsidiaries, providing high-quality products that meet rigorous industry standards.

### Key Operations

1. **Manufacturing Capabilities:**
   - Focuses on precision parts and assemblies for both the aerospace and defense industries.
   - Involves complex machining processes, including computer numerically controlled (CNC) milling and turning.

2. **Product Offerings:**
   - Provides a wide range of products such as:
     - Aerospace components
     - Precision assemblies
     - Engine components
     - Ground support equipment

3. **Industry Certifications:**
   - Complies with various aerospace certifications, ensuring the reliability and quality of products.

4. **Subsidiaries:**
   - Operates several wholly-owned subsidiaries that enhance its manufacturing and service capabilities.

## Financial Information

- **Revenue:** Specific revenue figures were not detailed in the provided document. However, the company closely monitors financial positions and aims for a positive cash flow.
- **Income:** Exact income figures are also not specified but are derived from diverse operations within the aerospace sector.

## Employee Base

- **Number of Employees:** The document does not specify the total number of employees, but the company manages various manufacturing operations, implying a workforce capable of meeting production demands.

## Customer Base

- **Number of Customers:** While specific customer numbers are not provided, the company services a variety of clients in the aerospace and defense sectors, including both military and commercial customers.

## Conclusion

Air Industries Group is a key player in the aerospace manufacturing industry, known for its high precision and quality standards in component production. It operates underpinned by efficient manufacturing practices, a strategic focus on the aerospace sector, and a commitment to achieving regulatory compliance and quality assurance. The company’s growth strategy likely includes cultivating client relationships and expanding its market presence. 

### Keywords
- Precision Aerospace Components
- CNC Machining
- Military and Commercial Aviation
- Design and Manufacture
- High-Quality Standards

AIR INDUSTRIES GROUP

10-K / April 15, 2025

10-K / April 29, 2024

10-K / April 15, 2025

Company Overview: Air Industries Group

Key Details

Business Activities

Market Focus

Current Operations

Financial Performance

Customer Relationships

Challenges and Strategic Outlook