Air Industries Group (AIRI), an aerospace and defense company, announced on Thursday that it has received a contract of $2.6 million to provide main landing gear assemblies for the US Navy E-2D Advanced Hawkeye aircraft.
Lou Melluzzo, CEO of Air Industries Group, said: "In December 2024 alone, we have announced three new contracts worth over $45 million. Bookings lead to backlog, backlog leads to shipping and revenue. We are increasingly confident about our future."
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.