Craft

Air Industries Group

Stock Price

$3.3

2023-09-20

Market Capitalization

$11 M

2023-09-20

Revenue

$53.2 M

FY, 2022

Air Industries Group Summary

Company Summary

Overview
Air Industries Group (AIRI) is a manufacturer of precision machined components, mechanical and precision sheet metal assemblies, and electronic enclosures for the aerospace and defense industry. It operates through two segments: Complex Machining and Turbine Engine Components. The Complex Machining segment manufactures structural parts and assemblies that focus on flight safety, including landing gear, arresting gear, engine mounts, flight controls, throttle quadrants, and other products. The Turbine Engine Components segment makes components and provides services for jet engines and ground-power turbines.
Type
Public
Status
Active
Founded
1941
HQ
Bay Shore, NY, US | view all locations
Website
https://airindustriesgroup.com/
Cybersecurity rating
Sectors

Key People

  • Luciano Melluzzo

    Luciano Melluzzo, President and Chief Executive Officer

  • Scott Glassman

    Scott Glassman, Chief Accounting Officer

  • Michael Recca

    Michael Recca, Chief Financial Officer

  • Michael Biancospino

    Michael Biancospino, President and General Manager, Air Industries Machining Corporation and Nassau Tool Works

Operating MetricsView all

Backlog

$75M
7.5%

FY, 2021

Facility Space, acres

5.4

FY, 2021

Facility Space, sq. ft.

74.9K

FY, 2021

LocationsView all

2 locations detected

  • Bay Shore, NY HQ

    United States

    1460 Fifth Avenue

  • Bay Shore, NY

    United States

    1479 N. Clinton Ave

Air Industries Group Financials

Summary Financials

Revenue (Q2, 2023)
$13.2M
Gross profit (Q2, 2023)
$2.2M
Net income (Q2, 2023)
($395.0K)
Cash (Q2, 2023)
$837.0K
EBIT (Q2, 2023)
$72.0K
Enterprise value
$30.5M

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