29-Oct-2012 Source: Air Industries Group
Air Industries Group, Inc. (pinksheets:AIRI) announced today that its Air Industries Machining subsidiary has received a new multi-year agreement (MY-8) from Sikorsky Aircraft Corp. The new MY-8 agreement covers up to approximately $83 million of production over a five-year period through 2017.
Mr. Peter Rettaliata, Chief Executive Officer of Air Industries Group, commented: “Sikorsky Aircraft has for many years been Air Industries Machining’s largest customer, and we are gratified by this new multi-year agreement. We are particularly pleased that this new agreement expands and adds some additional new products to be produced. I would like to congratulate all the employees of Air Industries Machining for successfully negotiating this new agreement.”
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ABOUT SIKORSKY AIRCRAFT
Sikorsky Aircraft Corporation, based in Stratford, Conn., is a world leader in helicopter design, manufacture, and service. It is a subsidiary of United Technologies Corp., which is based in Hartford, Conn., and provides a broad range of high-technology products and support services to the aerospace and building systems industries.
ABOUT AIR INDUSTRIES GROUP, INC.
Air Industries Group, Inc. (pinksheets:AIRI) is an integrated manufacturer of precision components and provider of supply chain services for the aerospace and defense industry. The Company has over 35 years of experience in the industry and has developed leading positions in several important markets that have significant barriers to entry. With embedded relationships with many leading aerospace and defense prime contractors, the Company designs and manufactures structural parts and assemblies that focus on flight safety, including landing gear, arresting gear, engine mounts and flight controls. Air Industries Group also provides sheet metal fabrication, tube bending, and welding services.