Air Industries Group (AIRI)

[ChuckD-MSB]

Air Industries Group, Inc. Announces: Record Net Sales for the Year Ended December 31, 2010
Jan. 24, 2011 (Marketwire) --

BAY SHORE, NY -- (Marketwire) -- 01/24/11 -- Air Industries Group, Inc. (PINKSHEETS: AIRI) announces record net sales for the year ended December 31, 2010.

Air Industries Group Inc. operates through two subsidiaries: Air Industries Machining Corporation (AIM) and Welding Metallurgy Inc. (WMI). For the year ended December 31, 2010, consolidated net sales were $48,601,000, an increase of $3,750,000 or slightly more than 8% compared to consolidated net sales of $44,851,000 for the prior year.

Net sales at AIM were $40,477,000, an increase of $1,123,000 or nearly 3% from net sales of $39,354,000 in the prior year. Net sales at WMI were $8,124,000, an increase of $2,627,000 or nearly 48% from net sales of $5,497,000 in the prior year.

Net sales for the years ended December 31, 2008, 2009 and 2010 are summarized below:

(unaudited)
Net Sales 2010 2009 2008
------------ ------------ ------------
Air Machining Corporation $ 40,477,000 $ 39,354,000 $ 34,746,000
Welding Metallurgy, Inc. 8,124,000 5,497,000 3,948,000
------------ ------------ ------------
Total $ 48,601,000 $ 44,851,000 $ 38,694,000
The audit of fiscal year 2010 has not been completed and as such, reported net sales are subject to change.

Mr. Peter Rettaliata, Chief Executive Officer of Air Industries, commented: "I am pleased to report the continued growth of revenue of the Air Industries Group. With net sales of $48.6 million for 2010 we are more than 25% larger than in 2008. Our largest subsidiary, Air Industries Machining, had sales of more than $40 million and rebounded from delivery delays in 2008 and 2009. It is now poised to continue growth with its existing customers and to seek new opportunities. In 2010 Welding Metallurgy continued a very fast growth path with net sales increasing by 48%. WMI net sales have doubled since 2008."