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Air Industries Announces $1,069,000 in New Orders.


BAY SHORE, N.Y. -- Air Industries Group, Inc. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
: AIRI AIRI Atomic Industry Research Institute ) (the "Company"), a holding company established to consolidate manufacturers, engineering integrators and specialized service providers to the aerospace and defense industry, today announced that its wholly-owned operating subsidiary An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. , Air Industries Machining Corp. (AIM), has received orders for replacement parts from Helicopter Support Inc. valued at $528,000. In addition, AIM received a series of orders for original and replacement aircraft components from Kaman Aerospace Corporation, Wyman Gordon, Northrop Grumman Northrop Grumman Corporation (NYSE: NOC) is an aerospace and defense conglomerate that is the result of the 1994 purchase of Grumman by Northrop. The company is the third largest defense contractor for the U.S.  Corp. and other prime contractor customers valued at nearly $541,000.

Helicopter Support Inc. (HSI (Hue Saturation Intensity) A color space similar to HSB. See HSB. ) has been an AIM customer for more than seven years. HSI maintains the most comprehensive helicopter inventory in the world, which includes an extensive Exchange Program on many helicopter components. HSI has continually evolved to meet the ever-changing requirements of its customer base. Through continued investment and commitment to innovation, HSI has developed close working relationships with its vendors, a high degree of product and market knowledge, and state of the art management information systems.

As a Sikorsky-owned company, HSI provides complete factory authorized services for Sikorsky Aircraft's BLACKHAWK program helicopters (S-61, S-70, S-92 and S-76). AIM is currently the largest supplier of flight safety components to Sikorsky for its BLACKHAWK program, and also is a valued supply chain contributor for the production of replacement and spare parts Spare parts, also referred to as Service Parts is a term used to indicate extra parts available and in proximity to the mechanical item, such as a automobile, boat, engine, for which they might be used.

Spare parts are also called “spares.
 for these aircraft.

HSI is also authorized as a service center supporting Bell Helicopter Bell Helicopter Textron is an American helicopter and tiltrotor manufacturer headquartered in Fort Worth, Texas. A division of Textron, Bell manufactures military helicopter and tiltrotor products in the United States (primarily in and around Fort Worth as well as in Amarillo,  Textron, Robinson Helicopter The Robinson Helicopter Company of Torrance, California is the largest manufacturer of civil helicopters in the world.

The company was founded in 1973 by Frank Robinson, an ex-employee of Bell Helicopter and The Hughes Helicopter Company.
, Agusta Aerospace, American Eurocopter American Eurocopter is a subsidiary of EADS North America, the United States subsidiary of EADS. American Eurocopter manufactures and markets a broad range of civil helicopters, and as of 2005 had almost a 50% share of the American market.  and Schweizer Aircraft The Schweizer Aircraft Corporation, located in Horseheads, New York, was incorporated in 1939 by three Schweizer brothers, who built their first glider in 1930.

Primarily a manufacturer of sailplanes and helicopters, Schweizer is now a diversified aerospace company.
 Corporation. In addition, HSI is an authorized distributor for many manufacturers, and was selected by General Electric's Aircraft Engine Division to become the first member of The G.E. Worldwide Engine Network.

The additional orders announced today totaling $541,000 correspond to orders from leading aerospace and defense prime contractors such Sikorsky and Northrop Grumman, as well as other aerospace customers, including Kaman Aerospace Corporation and Wyman Gordon. In many cases these relationships are characterized by long-term contracts where AIM is a preferred supplier and often the sole source provider. For these and other customers, AIM designs and/or manufactures structural parts and assemblies that focus on flight safety, including landing gear, arresting gear See: aircraft arresting gear. , engine mounts and flight controls.

ABOUT AIR INDUSTRIES GROUP, INC.

Air Industries Group, Inc. (OTCBB: AIRI) (formerly Gales Industries) is a holding company established to consolidate manufacturers, engineering integrators and specialized service providers to the aerospace/defense and commercial aviation industries. The Company is focused on flight safety and other critical componentry. Consolidation opportunities include companies operating within highly synergistic disciplines of manufacturing, technical services and strategic products distribution. The Company's strategy is to execute its consolidation principally amongst middle market aerospace/defense subcontractors. Air Industries Group offers a tailored exit strategy or management continuity strategy in exchange for qualified acquisitions, and targets technically superior organizations with revenues of up to $100 million annually. Information on the Company and its products may be found online at www.airindmc.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 The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  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 per·tain  
intr.v. per·tained, per·tain·ing, per·tains
1. To have reference; relate: evidence that pertains to the accident.

2.
 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 Government spending or government expenditure consists of government purchases, which can be financed by seigniorage, taxes, or government borrowing. It is considered to be one of the major components of gross domestic product. . 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.
COPYRIGHT 2007 Business Wire
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Copyright 2007, Gale Group. All rights reserved.

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Publication:Business Wire
Date:Oct 31, 2007
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