Air Industries Group
airindustriesgroup.comWhat Do They Do?
Makes landing gear, flight controls and precision assemblies for military aircraft, supplying defense contractors and governments as well as commercial airlines.
10-K for FY2025, filed Mar 27, 2026We believe we are one of the leading manufacturers of precision components and assemblies for large aerospace and defense prime…View ↗
We specialize in the aerospace and defense markets, operating within a hierarchical network of suppliers. At the top of the supply chain…View ↗
In 2025 and 2024, approximately 58.3% and 69.9% of our net sales were attributed to customers who use our products for end-use on military…View ↗
How Do They Make Money?
Military products make up the larger business: customers buy them under fixed-price contracts, generally pay within 30 to 75 days, and the sale counts when the product ships.
10-K for FY2025, filed Mar 27, 2026The Company’s revenue is generated from fixed-price contracts. Under fixed-price contracts, the Company agrees to perform the specified…View ↗
The Company recognizes revenue at the point in time in which the performance obligation is fully satisfied. This is satisfied when the…View ↗
Payment terms and conditions vary by contract, although terms generally include a requirement of payment within 30 to 75 days.View ↗
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10-K for FY2025, filed Mar 27, 2026
FY2025 revenue by product or service (Revenue from contracts with customers) ↗
$47.9M
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10-K for FY2025, filed Mar 27, 2026
$47.9M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Military
Sold outright
10-K for FY2025, filed Mar 27, 2026 |
58% |
Military, FY2025
$27.9M Sources
|
Sold outright |
|
Commercial
Sold outright
10-K for FY2025, filed Mar 27, 2026 |
42% |
Commercial, FY2025
$20M Sources
|
Sold outright |
Who Are Their Customers?
Aerospace and defense prime contractors buy directly, and the company sometimes sells to the U.S. government; it also supplies components to other suppliers that deliver to prime contractors.
10-K for FY2025, filed Mar 27, 2026
10-K for FY2025, filed Mar 27, 2026
Percentage of Net Sales Customer 2025 2024 RTX (A) 36.2 % 29.3 % Lockheed Martin 32.3 % 25.1 % Northrop 6.7 % 18.3 %View ↗
Do Revenues Turn Into Profits?
No. It lost $1.3M in FY2025.
10-K for FY2025, filed Mar 27, 2026
−$338KView ↗
10-K for FY2025, filed Mar 27, 2026
−$1.3MView ↗
10-K for FY2025, filed Mar 27, 2026
−$4.7MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Aug 12, 2026
−$846KView ↗
- ▲ +100% (Loss)
- vs −$422K in Q2 FY2025
10-Q for Q2 FY2026, filed Aug 12, 2026
Open tableView ↗
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Aug 3, 2026
Tenax merger deadline extended
The parties moved the agreement's outside date from September 30, 2026 to November 30, 2026.
Sources
8-K, filed Aug 3, 2026
On July 31, 2026, Air Industries Group (“AIR”) entered into an amendment (the “Amendment”) to the Amended and Restated Agreement and Plan…View ↗
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Jul 9, 2026
AIR restated its merger agreement with Tenax
The revised agreement provides for Tenax to become AIR's wholly owned subsidiary.
Sources
8-K, filed Jul 9, 2026
On July 2, 2026, Air Industries Group (“AIR”) entered into an Amended and Restated Agreement and Plan of Merger (the “A&R Merger…View ↗
Shrinking. Revenue fell 19% in 4 years, from $58.9M in FY2021 to $47.9M in FY2025, about 5% a year.
Who Do They Compete With?
Competes with GKN Aerospace, Triumph Aerospace Group, Heroux Devetek, and Magellan
10-K for FY2025, filed Mar 27, 2026Our competitors include: Monitor Aerospace, a division of GKN Aerospace; Hydromil, a division of Triumph Aerospace Group; Heroux Devetek…View ↗
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