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Air Industries Group (AIRI)

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Last Post: 3/23/2018 7:07:48 PM - Followers: 13 - 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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#241   The defense bill signed should help a LOT. fuzzychin 03/23/18 07:07:47 PM
#240   We'll see what happens looking good here bosman 03/23/18 10:31:36 AM
#239   They went thru some ruff times and had gladeshawk 03/23/18 08:20:20 AM
#238   Remember, total outstanding is only around 23 million I-Man 03/23/18 08:07:51 AM
#237   bosman this ought to be around 5.00 range I-Man 03/23/18 08:01:35 AM
#236   Post (233) should have been leading with $AIRI$. gladeshawk 03/16/18 09:18:51 AM
#235   Something better be made of this, or else I-Man 03/16/18 08:22:15 AM
#234   What was said?? JTrader 03/15/18 09:39:09 AM
#233   $CYIO$ >>> Info obtained from a friend. gladeshawk 03/15/18 09:11:43 AM
#232   Nice to see AIRI on CNBC ticker mention I-Man 03/15/18 07:50:03 AM
#231   Yep. I'm really looking forward to hearing about JTrader 03/13/18 02:34:42 PM
#230   Getting close. PPS inching up into earnings. gladeshawk 03/13/18 11:11:36 AM
#229   Might be breakout time soon, gentlemen! JTrader 03/08/18 03:13:33 PM
#228   Thanks for the info. fuzzychin 03/08/18 07:40:47 AM
#227   News on my brokerage account site has 3-27 gladeshawk 03/07/18 05:40:00 PM
#226   I expect the 2017 numbers to be out gladeshawk 02/16/18 08:20:52 AM
#225   One positive here is only like 23 million I-Man 02/12/18 07:49:30 AM
#224   THEY got their defense spending approved. President signed yesterday... I-Man 02/10/18 08:07:38 AM
#223   Hope not. Defense budget is key. TWT. gladeshawk 02/09/18 06:59:42 PM
#222   Is this thing going to retest its 52 I-Man 02/09/18 07:50:34 AM
#221   $AIRI$ >>>> Looks like the Repubs are proposing gladeshawk 02/05/18 07:41:09 AM
#220   Hope not. That's where I initially "invested" into I-Man 02/04/18 03:32:15 PM
#219   You would think, but this thing is acting I-Man 02/04/18 03:31:19 PM
#218   Downward momentum may carry us to upper 1.20's JTrader 01/31/18 01:03:46 PM
#217   Because of Trump i see AIRI stock double bosman 01/31/18 11:23:27 AM
#216   LOOK at this from SEC info and Dow I-Man 01/20/18 10:22:44 AM
#215   Mick Mulvaney said it best yesterday evening. What I-Man 01/20/18 10:20:40 AM
#214   Perhaps there appears to be nothing on the Pat 01/19/18 03:44:16 PM
#213   Citizen TRUMP >>> 2013 >>> Speaking about pending gladeshawk 01/19/18 09:29:17 AM
#212   I like your truth. fuzzychin 01/18/18 08:22:56 PM
#211   Hey, if you are talking Pelosi Or Shumer, I-Man 01/18/18 06:38:27 PM
#210   This is the time of year when Civil Pat 01/18/18 11:23:41 AM
#209   US Govt will never shut down so to I-Man 01/18/18 08:44:45 AM
#208   Right now it looks like the Repubs cannot gladeshawk 01/18/18 08:41:44 AM
#207   Trump needs nine Senate votes from the Democrats Pat 01/17/18 11:12:42 PM
#206   There are two gaps up at $1.42 and gladeshawk 01/17/18 02:27:50 PM
#205   Next upmove ready to commence??? I-Man 01/17/18 09:41:06 AM
#204   Consolidation/profit taking after that HUGE spike UP looks gladeshawk 01/13/18 09:42:12 AM
#203   There is... And AIRI has like only 23 I-Man 01/12/18 08:51:43 AM
#202   Great news. SEC filing yesterday... I-Man 01/12/18 08:50:32 AM
#201   A couple of years ago Northrup Grumman was gladeshawk 01/09/18 08:08:52 AM
#200   Raytheon & Air Industries named together in recent I-Man 01/09/18 07:18:40 AM
#199   $AIRI$ >>> The trend continues. New mgmt. gladeshawk 01/02/18 02:07:20 PM
#198   I got into AIRI around 1.40 myself to I-Man 12/29/17 04:28:15 PM
#197   Picked up AIRI 1.64's today. bikaver 12/26/17 03:15:27 PM
#196   Wow what a surprise. Many months of accumulation I-Man 12/26/17 01:09:24 PM
#195   $AIRI$ >>> This is the last week gladeshawk 12/26/17 11:25:03 AM
#194   Will be bidding for AIRI Tuesday morning. Chart bikaver 12/23/17 03:56:20 PM
#193   Interesting action going on here. I expect news JTrader 12/20/17 09:18:20 PM
#192   $AIRI$ >>> HUGE increase in volume today. Remember gladeshawk 12/19/17 04:13:39 PM