AIRI - Air Industries rises 5% aftermarket on $2.4M contract for Blackhawk flight-critical parts

Air Industries (NYSE:AIRI) climbed 5% postmarket after its subsidiary Air Industries Machining was awarded a $2.4M Long-Term Agreement (LTA) to manufacture flight-critical products for the Blackhawk helicopter. “On Jan. 19, we announced 2 new LTAs for Blackhawk products with an estimated value of $18.2M. This is the third long-term agreement bringing the estimated combined value to more than $20M,” said Lou Melluzzo, CEO, Air Industries.

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Air Industries rises 5% aftermarket on $2.4M contract for Blackhawk flight-critical parts