AIRI | Market Cap: $13.0M (07/13/26)
Industry:
Aerospace & Defense

DESCRIPTION

Air Industries Group is a small U.S.-based manufacturer of precision machined components and assemblies for the aerospace and defense industry. The company makes flight-critical parts — landing gear, flight control assemblies, engine mounts, tail-rotor gearboxes, and related components — used in active military and commercial aviation programs. Air Industries operates as a Tier 1 or Tier 2 supplier, selling primarily to prime defense contractors like RTX, Lockheed Martin/Sikorsky, Northrop Grumman, and GE Aerospace, as well as directly to the U.S. government. Key programs include the Pratt & Whitney Geared Turbofan engine, UH-60 Black Hawk, CH-53K helicopter, E-2D Hawkeye, and F-35. The company operates two facilities in New York and Connecticut totaling over 150,000 square feet, with roughly 160 employees. Revenue is driven by parts volume shipped under long-term agreements (LTAs) that lock in pricing and quantities over multiple years, with revenue recognized only upon shipment of funded orders. Margins improve as programs mature and production becomes more repetitive. Once qualified on a program, Air Industries often becomes the sole-source supplier for specific components, creating durable, sticky revenue. MRO demand adds a recurring revenue layer that can persist for decades. In February 2026, Air Industries agreed to acquire Tenax Aerospace in a deal structured as a reverse merger, with Tenax's members set to own approximately 95% of the combined company upon closing.

Read full business overview →