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Air Industries Group (AIRI)

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Last Post: 10/11/2019 9:14:49 AM - Followers: 14 - 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 http://www.airindustriesgroup.com IR Darrow Associates, Inc. Jordan M. Darrow 631-367-1866 jdarrow@darrowir.com 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. http://www.aia-aerospace.org http://www.aia-aerospace.org/aianews/newsletters/2006/feb06voice.cfm 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 http://www.airindustriesgroup.com/component/option,com_contact/task,view/contact_id,7/Itemid,137/ Subsidiaries Air Industries Machining Corporation http://www.airindmc.com Sigma Metals, Inc. http://www.sigmametalsinc.com Welding Metallurgy, Inc. http://www.weldingmet.com 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 http://finance.yahoo.com/q/cf?s=AIRI.OB --- --- --- 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 www.airindustriesgroup.com. 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 jdarrow@darrowir.com Source: Air Industries Group, Inc. --- --- --- 2007 Annual Report http://pinksheets.com/edgar/GetFilingHtml?FilingID=5863705 --- --- --- Share price --- --- --- King Capital Investment Group http://kingcapital.tripod.com
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#636   Just a FYI. AIRI is saying we gladeshawk 10/11/19 09:14:49 AM
#635   I will be checking out the CPI news gladeshawk 10/06/19 10:01:18 AM
#634   Maybe they should contact US Steel (X) since I-Man 10/05/19 07:42:22 AM
#633   Tell them to update the photo on here I-Man 10/05/19 07:36:34 AM
#632   Just a FYI. All the info posted gladeshawk 10/04/19 12:00:32 PM
#631   You may have nailed it. Now that gladeshawk 10/03/19 09:39:28 AM
#630   My update is ready. From the company. gladeshawk 10/01/19 04:05:54 PM
#629   Looks like Mr. Market views this as favorable. Hasy1 10/01/19 03:57:36 PM
#628   I was referring to the possible claim of gladeshawk 10/01/19 03:42:50 PM
#627   I am told that is a big deal. Hasy1 10/01/19 11:45:40 AM
#626   I am told this is not a big gladeshawk 10/01/19 09:14:22 AM
#625   *Air Industries Group S-3 Shows Registration For ~$8.2M I-Man 10/01/19 07:29:40 AM
#624   Besides any prime bank, perhaps they need to I-Man 09/20/19 07:20:01 AM
#623   Just like any company out there, these folks I-Man 09/20/19 07:19:29 AM
#622   $AIRI$ >>> Getting more attention. Just a gladeshawk 09/18/19 12:33:09 PM
#621   We know we can get the contracts, more gladeshawk 09/18/19 08:56:07 AM
#620   Josh I guess it's going to take November I-Man 09/18/19 07:19:17 AM
#619   With this stock so malisciously pressed down for I-Man 09/17/19 07:13:45 AM
#618   Minor resistance at $1.65. Stronger at $1.95. gladeshawk 09/16/19 10:32:12 AM
#617   Air Industries Group (AIRI): This manufacturer of precision I-Man 09/10/19 07:10:15 AM
#616   It's moving now. I am holding. $2.00 gladeshawk 09/09/19 12:15:28 PM
#615   $AIRI$ >>> MORE >>> Rated as TOP gladeshawk 09/09/19 11:41:38 AM
#614   $AIRI$ >>> LINK, came from a friend. gladeshawk 09/09/19 11:38:58 AM
#613   News due. PPS and volume showing some gladeshawk 09/06/19 03:29:53 PM
#612   I cannot advise either way. You are gladeshawk 08/30/19 10:29:12 AM
#611   This just sits and does nothing. After all I-Man 08/30/19 09:03:36 AM
#610   From a friend. There have been a gladeshawk 08/29/19 10:01:16 AM
#609   $AIRI$ >>> Looks like we will be getting gladeshawk 08/26/19 03:54:33 PM
#608   Has news of new contract(s) leaked out?? gladeshawk 08/23/19 01:56:08 PM
#607   For the record: I have bought several gladeshawk 08/15/19 04:10:27 PM
#606   $AIRI$ >>> Just received updated info. E2D gladeshawk 08/15/19 02:51:45 PM
#605   I have bids in under at $1. gladeshawk 08/13/19 09:27:46 AM
#604   I am also out of town at electrical I-Man 08/13/19 06:54:38 AM
#603   Something to note: The numbers were reached "without" gladeshawk 08/13/19 06:12:19 AM
#602   C.C. Transcript Link. gladeshawk 08/13/19 06:09:13 AM
#601   Just got some info on the call. gladeshawk 08/12/19 05:25:51 PM
#600   IMO, you are making it too political. gladeshawk 08/12/19 03:23:47 PM
#599   Josh look at GE or X even right I-Man 08/12/19 09:55:14 AM
#598   BS anymore. Earnings showed improved sales, improved business, I-Man 08/12/19 09:50:58 AM
#597   If you have read the report closely you gladeshawk 08/12/19 09:48:54 AM
#596   Remember we just added a machine and we gladeshawk 08/09/19 08:32:01 AM
#595   HAWK - Everyone is so focused on new joshfkntaylor 08/08/19 07:46:56 PM
#594   Note: New business awards for 2019 through June are gladeshawk 08/08/19 06:08:27 PM
#593   It's a huge jump over 2018 comparison. gladeshawk 08/08/19 05:59:57 PM
#592   Doesnt look great to me, reading between the joshfkntaylor 08/08/19 05:52:49 PM
#591   Link. gladeshawk 08/08/19 04:48:58 PM
#590   $AIRI$ >>>> WOW! Huge improvements. Must gladeshawk 08/08/19 04:48:18 PM
#589   As I stated, I have enough shares. gladeshawk 08/08/19 03:09:01 PM
#588   Just watching the chart. I have enough gladeshawk 08/08/19 03:05:39 PM
#587   I know you have been calling for a Hasy1 08/08/19 02:28:22 PM