Aerospace Parts Manufacturer Air Industries Bags Its Largest Contract For $110M
Portfolio Pulse from Vandana Singh
Air Industries Group (NYSE:AIRI) has secured a $110 million, seven-year contract to produce Thrust Struts for the Geared Turbo-Fan aircraft jet engine, marking its largest contract to date. This contract will commence in January 2025 and is expected to significantly boost the company's sales and production capacity.
August 22, 2024 | 3:46 pm
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Air Industries Group has secured its largest contract worth $110 million for Thrust Struts, expected to significantly boost sales and production from 2025.
The $110 million contract is a significant milestone for Air Industries, marking its largest contract to date. This will likely lead to increased sales and production capacity, positively impacting the stock price. The contract's long-term nature and the company's role as a sole supplier further enhance its importance.
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