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Air Industries Announces $4.1 M Order From Goodrich Division for Airbus A380 Landing Gear Parts

(Bay Shore, NY, July 12, 2007) -- Air Industries Group, Inc. (OTCBB: GLDS) (formerly Gales Industries), a holding company established to consolidate manufacturers, engineering integrators and specialized service providers to the aerospace/defense industry, today announced that its wholly-owned operating subsidiary, Air Industries Machining Corp. (AIM), received orders totaling $4.1 million from Goodrich Aerospace Canada Ltd, a Landing Gear division of Goodrich Corporation (NYSE: GR). The orders are for Landing Gear Drag Strut Assemblies on the Airbus A380 aircraft. These orders are incremental contractual releases against a long term agreement announced earlier in the year.

"Today's announcement highlights continued important and sizeable awards for AIM as a supplier of critical aircraft parts," said Peter Rettaliata, Chief Executive Officer of Air Industries Group. "Our recent contract awards reflect our strengthened position within the supply chain supporting the world's leading commercial aircraft builders. Furthermore, we have markedly progressed in our overarching business pursuits of internally generated revenue growth and diversification for our manufacturing platform."


Source : Air Industries Group

Published on ASDNews: Jul 13, 2007

 

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