Air Industries Group, Inc. Announces New Multi-Year Agreement

Air Industries Group, Inc. Announces New Multi-Year Agreement With
Sikorsky Aircraft 
BAY SHORE, NY -- (Marketwire) -- 10/24/12 --  Air Industries Group,
Inc. (PINKSHEETS: AIRI) announced today that its Air Industries
Machining subsidiary has received a new multi-year agreement (MY-8)
from Sikorsky Aircraft Corp. The new MY-8 agreement covers up to
approximately $83 million of production over a five-year period
through 2017. 
Mr. Peter Rettaliata, Chief Executive Officer of Air Industries
Group, commented: "Sikorsky Aircraft has for many years been Air
Industries Machining's largest customer, and we are gratified by this
new multi-year agreement. We are particularly pleased that this new
agreement expands and adds some additional new products to be
produced. I would like to congratulate all the employees of Air
Industries Machining for successfully negotiating this new
For additional information, please call 631.881.4913 or 
Sikorsky Aircraft Corporation, based in Stratford, Conn., is a world
leader in helicopter design, manufacture, and service. It is a
subsidiary of United Technologies Corp., which is based in Hartford,
Conn., and provides a broad range of high-technology products and
support services to the aerospace and building systems industries. 
Air Industries Group, Inc. (PINKSHEETS: AIRI) is an integrated
manufacturer of precision components and provider of supply chain
services for the aerospace and defense industry. The Company has over
35 years of experience in the industry and has developed leading
positions in several important markets that have significant barriers
to entry. With embedded relationships with many leading aerospace and
defense prime contractors, the Company designs and manufactures
structural parts and assemblies that focus on flight safety,
including landing gear, arresting gear, engine mounts and flight
controls. Air Industries Group also provides sheet metal fabrication,
tube bending, and welding services. 
Certain matters discussed in this press release are 'forward-looking
statements' intended to qualify for the safe harbor from liability
established by the Private Securities Litigation Reform Act of 1995.
In particular, the Company's statements regarding trends in the
marketplace, the ability to realize firm backlog and projected
backlog, potential future results and acquisitions, are examples of
such forward-looking statements. The forward-looking statements are
subject to numerous risks and uncertainties, including, but not
limited to, the timing of projects due to variability in size, scope
and duration, the inherent discrepancy in actual results from
estimates, projections and forecasts made by management regulatory
delays, changes in government funding and budgets, and other factors,
including general economic conditions, not within the Company's
control 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
Air Industries Group, Inc.
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