AIR Industries Group: management transactions · United States · SEC (Form 4)

About AIR Industries Group

Air Industries Group (ticker: AIRI) is a U.S. industrial company listed on NYSE American in the United States. The group operates in the defense and aerospace supply chain, manufacturing precision components and assemblies for major aerospace and defense prime contractors. Its product set includes landing gear, flight controls, engine mounts, and components for aircraft jet engines, ground turbines, and other complex machines. In practical terms, AIRI is a specialized Tier 1 and sometimes Tier 2 supplier, which means it sells directly to prime contractors or to other suppliers within highly regulated, mission-critical programs. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1009891/000121390025031944/ea0237423-10k_air.htm)) The company’s roots go back to 1941, when it began producing parts for World War II fighter aircraft. It became a public company in 2005. That long operating history is important for investors because it suggests accumulated manufacturing know-how, established customer relationships, and a deep understanding of aerospace quality and certification requirements. Air Industries’ principal executive offices are in Bay Shore, New York, where it operates an approximately 81,000-square-foot manufacturing facility. It also leases a small warehouse in Bohemia, New York. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1009891/000121390025031944/ea0237423-10k_air.htm)) From a commercial perspective, the business is concentrated in aerospace and defense platforms with long program lives. Management identifies exposure to programs such as the F-18 Hornet, E-2 Hawkeye, UH-60 Black Hawk helicopter, CH-53 helicopter, F-35 Lightning II, F-15 Eagle, and geared turbofan engine applications. The company emphasizes that many of its parts are safety-critical and, in some cases, sole-source or single-source items, which can strengthen customer retention and backlog visibility once a part is qualified. End customers ultimately include the U.S. Government, foreign governments, and commercial airlines, although Air Industries’ direct customers are mainly large prime contractors. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1009891/000121390025031944/ea0237423-10k_air.htm)) Competitively, AIRI is best viewed as a niche precision-manufacturing supplier rather than a large diversified aerospace OEM. Its investment case is therefore driven by manufacturing execution, program content, qualification barriers, and the ability to maintain high reliability standards. The company also faces financial leverage and refinancing risk: its latest annual report states that the current credit facility expires in December 2025 and raises substantial doubt about going concern if liquidity support were to weaken, even though the company met its covenants at year-end 2024. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1009891/000121390025031944/ea0237423-10k_air.htm)) Recent operating news has been constructive. In March 2025, Air Industries reported preliminary 2024 results showing record new business and backlog, 2024 net sales of $55.1 million, higher gross profit, and improved operating income, while reducing net loss versus the prior year. The company also indicated that its 18-month funded backlog stood at $117.9 million at December 31, 2024, and that it expects further orders in 2025 from existing and new customers. For investors, this makes AIRI a small-cap defense/aerospace name with improving operating momentum, but still a balance-sheet-sensitive profile. ([airindustriesgroup.gcs-web.com](https://airindustriesgroup.gcs-web.com/news-releases/news-release-details/air-industries-group-reports-preliminary-2024-results-record))