Air Industries Group Completes Acquisition of Welding Metallurgy.

Three Synergistic Aerospace Platforms in Place Positions Company for Growth

BAY SHORE, N.Y. -- Air Industries Group, Inc. (OTCBB: AIRI) today announced the completion of the acquisition of Welding Metallurgy, Inc., a metallurgical engineering and welding services provider and manufacturer based in West Babylon, Long Island, NY. Pursuant to the purchase agreement, Air Industries paid approximately $6 million, in the form of cash, debt and restricted stock.

"The acquisition of Welding Metallurgy is an important milestone for Air Industries Group as it establishes the third platform in our acquisition and consolidation strategy that will drive our long term, synergistic growth," said Peter Rettaliata, Chief Executive Office of Air Industries. "Welding Metallurgy significantly increases our core competencies and will serve as the base of our Welding and Fabrication Platform. It is a logical complement to our existing Contract Manufacturing operations and our Materials Distribution operations. Collectively, we have successfully put the necessary infrastructure in place to move up the aerospace supply chain. In other words, we are migrating from a basic contract manufacturer to a provider of comprehensive integration services to the industry's leading prime manufacturers, with a particular focus on flight safety and other critical componentry, including landing gear, arresting gear, flight controls, and other critical safety and high performance assemblies."

Welding Metallurgy is a specialty welding and products provider whose significant relationships include Northrop Grumman and Boeing Helicopter. Several of Welding Metallurgy's customers present substantial growth opportunities for Air Industries Group. Welding Metallurgy has trailing twelve month revenues of approximately $5 million and will be accretive to earnings for Air Industries Group. By leveraging the customer bases of each platform company, Air Industries intends to realize the synergistic benefits that form the basis of its longer term growth strategy.

Current customers of Welding Metallurgy include Northrop Grumman's Florida and Bethpage units, Boeing Helicopter's Philadelphia, Pennsylvania unit, and Middle River Aircraft Systems of Baltimore, Maryland, among others. Boeing Helicopter and Middle River are two of the larger customers and represent new customers for Air Industries; Northrop Grumman of Florida has an ongoing manufacturing and supply agreement with Air industries.

Founded in 1979, Welding Metallurgy stands as one of the premiere suppliers of welded assemblies for the aerospace and other industrial sectors. Although specialty welding is its primary service, the company also has manufactured components for various sub-sectors of the commercial and military aerospace industries for over 20 years. These components include manifold and torque tubes, tube and duct assemblies, tank assemblies, structural assemblies and acoustic muffler assemblies. Welding Metallurgy's staff of over 30 employees maintains a thorough knowledge of many aircraft platforms.

Legal representation for Air Industries in this transaction was provided by Eaton & Van Winkle LLP of New York, NY. Legal representation for Welding Metallurgy in this transaction was provided by Ruskin Moscou Faltischek, P.C. of Uniondale, NY.

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 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.