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Air Industries Group (AIRI)

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Last Post: 3/29/2017 9:49:14 AM - Followers: 7 - Board type: Free - Posts Today: 0

Location 1479 North Clinton Avenue Bay Shore, NY 11706 Contact Phone: 631-968-5000 Fax: 631-968-5377 Web site IR Darrow Associates, Inc. Jordan M. Darrow 631-367-1866 Basics Sector: Industrial Goods Industry: Aerospace/Defense Products & Services Background Air Industries Group, Incorporated, through its subsidiaries, engages in manufacturing aircraft structural parts and assemblies for defense contractors in the aerospace industry in the United States. It produces individual products that are assembled into electromechanical devices, mixer assemblies, and rotor-hub components for Blackhawk helicopters; rocket launching systems for the F-22 Raptor Advanced Stealth Fighter; arresting gear for the E2C Hawkeye and U.S. Navy Fighters; vibration absorbing assemblies for various Sikorsky helicopters; landing gear components for the F-35 Joint Strike Fighter; and various subassembly packages. The company also supplies flight safety components for Sikorsky helicopters. In addition, it distributes strategic metals, primarily aluminum, stainless steels of various grades, titanium, and other exotic end user specified metals to aircraft manufacturers, subcontractors, original equipment manufacturers, and various government agencies in the United States and internationally. The company was founded in 1969. It was formerly known as Gales Industries Incorporated and changed its name to Air Industries Group, Incorporated in June 2007. The company is headquartered in Bay Shore, New York. Officers Mr. Peter D. Rettaliata, 57 Chief Exec. Officer, Pres, Director, Member of Management Committee and Member of Exec. Committee Photo: Peter Rettaliata, President of Air Industries Machining Corporation of Bay Shores, N.Y. Peter Rettaliata, president of Air Industries Machining Corporation of Bay Shores, N.Y., is the associate member representative to the AIA Board of Governors and Executive Committee for 2006. He is also a member of the Supplier Management Council Executive Committee. Unnecessary Export Controls Hurt Aerospace Suppliers By Peter Rettaliata The aerospace and defense industry is an all-too-rare bright spot in today’s economy, adding jobs and increasing revenue where other sectors see losses. But there are artificial barriers holding back international trade, a major booster to this important economic engine. The federal government has a regime of export control regulations aimed at ensuring that advanced weapons technology does not fall into the wrong international hands. But this laudable concept has gone awry, holding up sales of innocuous items like valves, hydraulic tubes, electric motors, and even things like steering wheels and dome lights. Ultimately, it is companies like Air Industries Machining Corp. that pay the price with lost business opportunities, unrealized revenue, and hampered growth. U.S. companies have long had business relationships with America’s closest friends and allies around the world. These links are good economically — the aerospace industry had a foreign trade surplus of $37 billion in 2005 — and strategically because we almost always go to war alongside our international allies. The government regulates these transactions with the U.S. Munitions List, which identifies weapons systems that should not go to unfriendly governments. To sell list items to allies, a company must receive a license from the State Department. The list has strayed from its original purpose, and today companies find themselves having to obtain licenses for commercial products readily available internationally. For example, my company makes components used on military aircraft that are on the munitions list. But the same or similar parts are used in commercial aircraft and are not considered classified or sensitive on their own, and they are widely available from other sources all over the world. The result is that foreign governments end up buying items from other suppliers in foreign countries, robbing U.S. companies of business. Time is the root of the problem. Most invitations to bid for contracts that involve foreign sales demand a response in either 30 or 60 days and, in most cases, small companies can’t get an export license in that time frame. So Air Industries and other small aerospace companies cannot even consider bidding for some potentially lucrative contracts because of export control red tape. In addition, if a company somehow gets the contract, it would have to secure another license to actually export the finished product. Aerospace and defense is an industry that is extremely global — many suppliers sell to U.S.-based Boeing and Europe-based Airbus. The current export control regime hampers the ability of many smaller American companies to benefit from this global market. The ultimate solution is that Congress must require that the State Department revamp and modernize the export control system to eliminate red tape for American companies. But we can make some progress even before we see that type of a legislative act. There is a window of opportunity during the remainder of the current administration to make the system more efficient by working directly with the State and Commerce departments through industry groups like AIA. A thorough review will reveal many items that don’t belong on the list at all. Export control system reform must also include a requirement that the munitions list undergo regular review and updating to make sure it doesn’t capture items that are commercial in nature and widely available. If we can make this a reality, the aerospace and defense industry will continue to thrive and be that beacon our economy needs. Mr. Louis A. Giusto, 65 Vice Chairman, Chief Financial Officer, Principal Accounting Officer and Treasurer Mr. Dario A. Peragallo, 43 Exec. VP of Manufacturing & Engineering, Corp. Sec. Mr. Gary Settoducato Pres of Welding Metallurgy - Sub Mr. George Kfoury Exec. VP IR Jordan M. Darrow Investors/Media 273 Walt Whitman Road, Suite 280 Melville NY 11746 Telephone: 631-367-1866 Fax: 631-614-3612 Finance department Louis Alifano Finance Department 1479 Clinton Avenue Telephone: 631-968-5000 Fax: 631-206-9152 Admin Kristie Marie Ciaccio Administration,com_contact/task,view/contact_id,7/Itemid,137/ Subsidiaries Air Industries Machining Corporation Sigma Metals, Inc. Welding Metallurgy, Inc. Fundamentals Profit Margin (ttm): -1.42% Operating Margin (ttm): 1.20% Return on Assets (ttm): 0.78% Return on Equity (ttm): -4.32% Revenue (ttm): 38.37M Net Income Avl to Common (ttm): -752.23K Diluted EPS (ttm): -0.012 Total Cash (mrq): 1.10M Total Debt (mrq): 21.69M Book Value Per Share (mrq): 0.258 Operating Cash Flow (ttm): -6.82M Levered Free Cash Flow (ttm): -12.06M Ownership Shares Outstanding: 69.12M Float: 51.51M Major holders BROWN JAMES A 937,225 BUONANNO DAVID 56,443 Borrowing & selling shares for cash Qtr ending 30 SEP 2007 Borrowed $4.8M Qtr ending 30 JUN 2007 Sold $7.3M in stock Borrowed $3.3M --- --- --- Update Air Industries Reschedules Conference Call to Discuss Fourth Quarter and Full Year 2007 Financial Results on April 16, 2008 Tuesday April 15, 7:37 am ET BAY SHORE, N.Y.--(BUSINESS WIRE)--Air Industries Group, Inc. (OTCBB: AIRI - News) will conduct a conference call on Wednesday, April 16, 2008, at 9:00 a.m. Eastern Time to review the Company’s financial results for the fourth quarter and full year ended December 31, 2007. A press release detailing the Company’s results for the fourth quarter and full year will be issued earlier in the day on April 16. The Company’s annual report on Form 10-K with the U.S. Securities and Exchange Commission was filed on April 14, 2008. Participating in the conference call will be Peter Rettaliata, President and Chief Executive Officer, and Louis Giusto, Vice Chairman and Chief Financial Officer. To access the conference call, please dial (866) 202-3109 (domestic) or (617) 213-8844 (international), and enter the passcode “61926467” when prompted. Please access the call approximately 10 minutes prior to the start time. For those unable to listen to the live broadcast, a replay will be available by dialing (888) 286-8010 (domestic) or (617) 801-6888 (international), with playback access code “74957061”, starting approximately two hours after the conclusion of the call. ABOUT AIR INDUSTRIES GROUP, INC. Air Industries Group, Inc. (OTCBB: AIRI - News) 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, as well as distributing specialty metals that are a critical component in the aerospace supply chain. Information on the Company and its products may be found online at Certain matters discussed in this press release are 'forward-looking statements' intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. In particular, the Company's statements regarding trends in the marketplace, firm backlog, projected backlog, potential future results and acquisitions, are examples of such forward-looking statements. The forward-looking statements include risks and uncertainties, including, but not limited to, the timing of projects due to the variability in size, scope and duration of projects, estimates, projections and forecasts made by management with respect to the Company's critical accounting policies, firm backlog, projected backlog, regulatory delays, government funding and budgets, matters pertaining to potential and pending acquisitions subject to and after closings, and other factors, including results of financial audits and general economic conditions, not within the Company’s control. Certain of the Company’s forward looking statements, with the projected backlog in particular, are formulated based on management’s extensive industry experience and understanding and assessment of industry trends, customer requirements, and related government spending. Projected backlog may be subject to variability and may increase or decrease at any time based on a variety of factors, including but not limited to modifications of previously released orders, acceleration of orders under general purchase agreements, etc. The factors discussed herein and expressed from time to time in the Company's filings with the Securities and Exchange Commission could cause actual results and developments to be materially different from those expressed in or implied by such statements. The forward-looking statements are made only as of the date of this press release and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. Contact: Darrow Associates, Inc. Jordan M. Darrow, 631-367-1866 Source: Air Industries Group, Inc. --- --- --- 2007 Annual Report --- --- --- Share price --- --- --- King Capital Investment Group
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News News Alert: Current Report Filing (8-k) 04/27/2017 05:16:01 PM
#152   Fundamentals imply Air Industries $AIRI is 15% undervalued ValueInvestor15 03/29/17 09:49:13 AM
#151   $ AIRI $ >> Big moves. ADV gladeshawk 01/13/17 11:49:18 AM
#150   Watch out for the wumping tree AIRI Potter. willlbone 12/02/16 02:32:18 PM
#149   nice move here on my AMEX watch list. NITE moves 11/28/16 02:07:39 PM
#148   $ AIRI $ >>>> Looks like volume/price gladeshawk 11/28/16 01:55:08 PM
#147   Just read that Israel will be spending more gladeshawk 08/21/16 03:54:58 PM
#146   Just checked and I see there is insider gladeshawk 08/16/16 03:49:08 PM
#145   At first glance this seems pretty positive. pineyhill 06/13/16 09:45:22 AM
#144   Divvy suspended. NOT GOOD! gladeshawk 04/04/16 01:05:12 PM
#143   Buying on hold for now. Expected break gladeshawk 04/01/16 09:27:52 AM
#142   BUY>>> AIRI paying .60 annual and .15 gladeshawk 11/17/15 02:09:45 PM
#141   Some good news? Could mean more business. gladeshawk 10/15/15 10:54:21 AM
#140   Now waiting for a pullback. Maybe as gladeshawk 10/12/15 01:34:59 PM
#139   I've been accumulating. Picked up lots of gladeshawk 09/21/15 12:28:27 PM
#138   Lowball bids in. I'm looking for a gladeshawk 08/14/15 03:58:21 PM
#137   (-.08 LOSS)! Revenue UP. Mixed report. gladeshawk 08/10/15 11:33:30 AM
#136   Current drop in PPS is in the BUY gladeshawk 07/17/15 03:15:14 PM
#135   IF the PPS drops back to the low gladeshawk 05/04/15 11:02:38 AM
#134   Conference call today. Let's hope we get gladeshawk 04/01/15 09:09:29 AM
#133   Just read a post saying we may have gladeshawk 03/17/15 01:52:55 PM
#132   American Bulls saying stay short? More pullback gladeshawk 03/09/15 08:55:15 AM
#131   Looks like some dilution for the deal being gladeshawk 03/06/15 11:56:32 AM
#130   Been buying and will continue to do so. gladeshawk 02/25/15 08:56:31 AM
#129   150% increase in volume with only a slight gladeshawk 02/12/15 04:04:34 PM
#128   Doing some "nibbling" today. I've seen others gladeshawk 02/12/15 11:11:51 AM
#127   Lower PPS crossing today. $9.81. Maybe gladeshawk 02/10/15 10:23:54 AM
#126   Volume UP, PPS DOWN. ASK dropped below gladeshawk 02/09/15 04:02:16 PM
#125   Markets are speaking. Lower PPS. I've gladeshawk 02/04/15 10:44:38 AM
#124   FYI, American Bulls and some boards/blogs have outright gladeshawk 02/03/15 01:23:04 PM
#123   I'm still buying on the pullbacks. With gladeshawk 01/27/15 08:24:52 AM
#122   "TIME TO BUY". I've been nibbling. Picked gladeshawk 01/21/15 07:48:04 PM
#121   Weak markets. Time for "lowball" BIDS. gladeshawk 01/14/15 12:33:11 PM
#120   Watching for that weakness next week. Low gladeshawk 11/28/14 01:48:04 PM
#119   Looks like some growing weakness this week. gladeshawk 11/24/14 10:46:41 AM
#118   Getting close. I'll need to hear about gladeshawk 11/18/14 12:04:18 PM
#117   I will be a big buyer in the gladeshawk 11/07/14 11:17:12 AM
#116   Let me add that I believe the PPS gladeshawk 10/27/14 12:43:17 PM
#115   Divvy paid today. BOOYA! This stock gladeshawk 10/20/14 11:45:31 AM
#114   Divvy is "safe" and growth looks to gladeshawk 10/10/14 02:03:22 PM
#113   They will most likely pay the divvy, but gladeshawk 10/09/14 11:42:43 AM
#112   I have spoken with several people who have gladeshawk 10/08/14 01:12:06 PM
#111   It could. BUT, the profit margins are gladeshawk 10/02/14 11:04:14 AM
#110   gladehawk, do you think being to heavy into pineyhill 10/02/14 10:51:19 AM
#109   Yes. They were doing the same thing gladeshawk 10/02/14 10:46:57 AM
#108   AIRI, sure seems to be aggressive on growing pineyhill 10/02/14 10:37:31 AM
#107   New company added. Sounds like it will gladeshawk 10/02/14 10:13:08 AM
#106   NEW CONTRACTS! This will add to the gladeshawk 09/09/14 01:52:39 PM
#105   Markets down and I see some panic selling. gladeshawk 08/06/14 10:56:11 AM
#104   Air Industries Group [$AIRI] due diligence stocktrademan 06/25/14 11:35:23 AM
#103   People over reacting to the weak markets and gladeshawk 05/16/14 10:17:58 AM