Air Industries Announces New $3.5 Million Long Term Agreement with Sikorsky.BAY SHORE, N.Y. -- Air Industries Group, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : AIRI AIRI Atomic Industry Research Institute ), an integrated manufacturer of precision components and provider of supply chain services for 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 a $3.5 million order from Sikorsky Aircraft For other meanings and similar spellings, see . Sikorsky is an American aircraft and helicopter manufacturer. It was founded 1923 by a Ukrainian born American aircraft engineer Igor Sikorsky, who made the first stable, single-rotor, fully-controllable helicopter to enter Corporation. The award is in the form of a long term general purchase agreement. This agreement calls for AIM to manufacture flight control mixer assemblies for retrofitting programs relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc Sikorsky's CH-53E and S-80M[TM] helicopters. "AIM continues to be one of the largest suppliers of flight safety components to Sikorsky for BLACK HAWK Black Hawk (born 1767, Sauk Sautenuk, Va.—died Oct. 3, 1838, village on the Des Moines River, Iowa, U.S.) Sauk Indian leader. Long antagonistic to whites, Black Hawk was driven into Iowa from Illinois in 1831. helicopters and is actively participating and bidding on projects relating to other Sikorsky helicopter platforms," said Peter Rettaliata, Chief Executive Office of Air Industries Group. "The long term agreement announced today represents additional requirements over and above the total of $75 million in long term general purchase agreements between Sikorsky and Air Industries that were announced in 2007 for the BLACK HAWK helicopter as well as other order announcements made subsequent to that time." The S-80[TM] helicopter, an international variant of the MH-53E, is in service with the Japan Defense Agency. The domestic version of this aircraft, assigned to U.S. Navy Helicopter Mine Countermeasures All methods for preventing or reducing damage or danger from mines. Also called MCM. squadrons, specializes in mine-sweeping missions. The helicopter is outfitted with enlarged fuel sponsons, provides long-range fleet support, and can tirelessly plumb the world's strategic waterways, detecting every known type of mine. Also known as the SEA DRAGON Sea´ drag´on 1. (Zool.) A dragonet, or sculpin. helicopter, it is equipped with the latest mine-sweeping systems, using mechanical, magnetic and acoustic sweep gear and minehunting Employment of sensor and neutralization systems, whether air, surface, or subsurface, to locate and dispose of individual mines. Minehunting is conducted to eliminate mines in a known field when sweeping is not feasible or desirable, or to verify the presence or absence of mines in a sonar to clear vital shipping lanes. The helicopter platform also performs the U.S. Navy's vertical onboard delivery (VOD See video-on-demand. VoD - video on demand ) mission, transporting heavy equipment to and from ships. According to Sikorsky, for more than two decades the CH-53E (SUPER STALLION[TM]) has been the most capable and most powerful marine heavy-lift helicopter in the world. Used by the United States Marine Corps United States Marine Corps (USMC) Separate military service within the U.S. Department of the Navy (see U.S. Navy), charged with providing marine troops for seizure and defense of advanced bases and with conducting operations on land and in the air in connection with , the three-engine CH-53E is also the largest marine helicopter in operation. It is deployed from Marine Corps amphibious assault ships to transport personnel and equipment, and to carry external (sling) loads. ABOUT SIKORSKY AIRCRAFT CORPORATION Sikorsky Aircraft Corporation, a subsidiary of United Technologies Corporation (NYSE NYSE See: New York Stock Exchange :UTX UTX United Technologies Corporation (stock abbreviation, AMEX) UTX Unreal Texture (a texture pack for Unreal-engine games) UTX Unit Training Exercise UTX Under Track Crossing ), is a world leader in the design and manufacture of advanced helicopters for commercial, industrial and military uses. Sikorsky's products have been saving lives since 1944, when a Sikorsky performed the world's first helicopter rescue mission. The company's long commitment to safety and innovation is reflected in its mission statement: "We pioneer flight solutions that bring people home everywhere...every time([TM])." Sikorsky's BLACK HAWK helicopter derivatives serve in 25 governments around the world in a diverse range of missions such as combat assault, peacekeeping, border patrol, drug interdiction, disaster relief and medical evacuation. The legendary BLACK HAWK is the first choice for military operations worldwide. More than 2,800 S-70 and H-60 variants have accumulated more than five million flight hours for the United States military and Sikorsky's international customers. Based in Stratford, Connecticut, Sikorsky has major facilities in other Connecticut locations as well as in Alabama, Florida, New York Florida is the name of some places in the U.S. state of New York:
ABOUT AIR INDUSTRIES GROUP, INC. Air Industries Group, Inc. (OTCBB: AIRI) 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 fabrication (fab´rikā´sh n the construction or making of a restoration. , 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 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 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. |
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