Air Industries Secures Contract Extension For PW-4000 Jet Turbine Exhaust Cases

Air Industries Group's AIRI Sterling Engineering subsidiary has secured a "Life of the Program Extension" of a Long-Term Agreement to deliver Turbine Exhaust Case (TEC) components for the PW-4000 jet engine used on many commercial aircraft.
Turbine Exhaust Cases are highly engineered critical components of jet engines.
The company expects the contract extension to generate revenue in excess of $6 million over its remaining term.
The TEC for the PW-4000 is five feet in diameter. Sterling Engineering has produced this component for the PW-4000 jet engine for over ten years.
Price Action: AIRI shares are trading lower by 2.36% at $0.90 on the last check Thursday.

Momentum36.54

Growth20.20

QualityNot Available

Value47.95

Short

Medium

Long