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Market Data: Yahoo Finance, Bloomberg, SEC Filings

Report Link: Research Note Released (Dated 07/28/2017)

Symbol: AIRI
Analyst: John Nobile
Taglich Rating: Suspended
Price Target: NA
Time Horizon: NA
Rating Established: July 28, 2017
Price When Established: $1.38
Most Recent Report: July 28, 2017
Price When Issued: $1.38

What's New

Air Industries Appoints Lou Melluzzo as President

On August 29, 2017, Air Industries Group (NYSE MKT: AIRI) announced that Luciano (Lou) Melluzzo has been appointed President of Air Industries Group.

Melluzzo has over 30 years of aerospace machining experience and was Chief Operating Officer and Chief of Business Development at EDAC Technologies. He joined EDAC in November 2003 at which time EDAC’s revenues were approximately $26 million, down from roughly $45 million two years earlier. Eight years later, in 2011, strong organic growth and several acquisitions resulted in an over three fold increase in EDAC’s revenue to over $86 million. In addition to other duties, Melluzzo was responsible for integrating acquired companies into EDAC and consolidating their operations into existing EDAC facilities.

Peter Rettaliata, who took on the role of President and CEO in March 2017 with Daniel Godin's departure, will remain acting CEO.

Air Industries Reports 2Q17 Results

On August 15, 2017, Air Industries Group (NYSE MKT: AIRI) reported results for its second quarter ended June 30, 2017.

For the quarter, the company reported that revenue decreased 12% to $17.1 million. Air Industries reported a net loss of $2 million in 2Q17 versus a net loss of $252,000 in 2Q16.

Company Description

Air Industries Group, headquartered in Bay Shore, New York, operates primarily in the aerospace and defense industry. The company designs and manufactures structural parts and assemblies, including landing gear, arresting gear, engine mounts, flight controls, throttle quadrants and other components. Air Industries also provides sheet metal fabrication of aerostructures, tube bending and welding services.

Company Reports

Research Note Released (Dated July 28, 2017)
Updated Research Report (Dated September 30, 2016)
Updated Research Report (Dated December 15, 2015)
Updated Research Report (Dated October 1, 2015)
Updated Research Report (Dated April 17, 2015)
Updated Research Report (Dated December 9, 2014)
Updated Research Report (Dated August 21, 2014)
Updated Research Report (Dated June 20, 2014)
Initial Research Report (Dated December 18, 2013)


Please view our current disclosure and disclaimer on our most recent research report.