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Air Industries Secures $110M Contract for GTF Engine Parts
AIRIAir Industries (AIRI) ZACKS·2024-08-28 17:26

Air Industries Group (AIRI) recently secured its largest contract, a 110milliondealtomanufactureThrustStrutsforGearedTurbo−Fan(GTF)jetengines.ThiscontractwillbegininJanuary2025andrunthrough2031.SuccessfuldeliveryofthethruststrutsislikelytobolsterAIRI’stop−lineperformance.Followingthiscontractwin,thecompany’sbacklogcounthasincreasedtomorethan110 million deal to manufacture Thrust Struts for Geared Turbo-Fan (GTF) jet engines. This contract will begin in January 2025 and run through 2031.Successful delivery of the thrust struts is likely to bolster AIRI’s top-line performance. Following this contract win, the company’s backlog count has increased to more than 280 million.AIRI & Combat JetsAir Industries plays an important role in the military jet market as a leading manufactu ...