Benzinga | Jan 31, 2022 04:38PM EST

Air Industries Group Receives ~$1.9M Order For Landing Gear Components For The US Air Force B1-B Bomber

Air Industries Group (NYSE:AIRI), an integrated Tier 1 manufacturer of precision assemblies and components for mission-critical aerospace and defense applications, and a prime contractor to the U.S. Department of Defense, today announced that its Long Island-based subsidiary, Air Industries Machining Corp., has been awarded a contract to produce components for the landing gear of the US Air Force's B1-B. The contract value is approximately $1.9 million with deliveries in 2023.

Mr. Lou Melluzzo, CEO of Air Industries, commented: "This order is an important achievement. It is from a long established customer but is for an aircraft platform that has not been in Air Industries portfolio for some time. One of our goals in 2022 is to expand our product line. This order furthers that goal. During the first month of 2022 we have received and announced new orders or long-term agreements totaling more than $25 million -- an excellent start to the year."