Air Industries Group Secures $33 Million Contract for CH-53K King Stallion Helicopter Components: Major Boost for Defense Program

Air Industries Group, a notable manufacturer of precision components and assemblies for major aerospace and defense contractors, recently announced a significant milestone in its operations. The company finalized a long-term contract valued at over $33.0 million to design and deliver intricate components for the CH-53K King Stallion helicopter program. This crucial agreement spans seven years and reinforces Air Industries’ essential role in bolstering one of the U.S. Department of Defense’s critical procurement initiatives.

The CH-53K helicopter, as the advanced version within the CH-53 series, plays a vital role in troop deployment and support, particularly in island and coastal settings. With a focus on improving readiness for potential conflicts, the U.S. Military, notably the Marine Corps, views the CH-53K program as a top-priority undertaking within the Department of Defense.

Lou Melluzzo, the Chief Executive Officer of Air Industries Group, expressed his thoughts on this achievement by stating, “This contract marks a significant milestone for our company. We have a longstanding record of producing military aircraft parts with pride for over 80 years, and this contract underscores our tradition of excellence and unwavering dedication to quality. We are honored to be a trusted partner in increasing production to meet the Department of Defense’s build-rate for CH-53K helicopters.”

Melluzzo further emphasized, “Over the past two years, we have meticulously developed and refined manufacturing plans for these components. This contract enables us to efficiently upscale production. Anticipated production boosts and deliveries are set to enhance revenue and profitability by expanding manufacturing hours and absorbing overhead costs.”

As part of the strategic business outlook, Air Industries plans to invest in essential equipment to support the expected volume of production. Such investments aim to create additional capacity, enhance efficiency, and maintain flexibility for potential further growth. All components covered under this agreement will be manufactured at the company’s Sterling Engineering Division in Connecticut, emphasizing their commitment to meeting customer requirements and maintaining a state-of-the-art facility.

For more information on Air Industries Group and its products, interested parties can visit the company’s official website.

This press release contains forward-looking statements that are subject to various risks and uncertainties. These statements are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. The company undertakes no obligation to update such forward-looking statements.

It should be noted that the Company uses Adjusted EBITDA, a Non-GAAP financial measure, as a supplemental profitability measure. This measure may differ from those used by other entities and is not intended as an alternative to GAAP financial measures.

Source: [Business Wire](https://www.businesswire.com/news/home/20240401999918/en/)

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Air Industries Group’s 8K filing here.

Air Industries Group Company Profile

Air Industries Group, together with its subsidiaries, engages in the design, manufacture, and sale of precision components and assemblies for defense and commercial aerospace industry in the United States. It offers actuators, arresting gears, aerostructures, aircraft structures, chaff pod assemblies, machining and milling solutions, cylinders, drag beams and braces, flight controls, flight safety critical components, integrated assemblies, landing gears, large diameter turn-mills, submarine valves, thrust struts, engine mounts, and turbine engine components and weldments for aircraft jet engines, ground turbines, and other complex machines.