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Air Industries Group Announces Doubling of Quarterly Dividend

Air Industries Group Announces Doubling of Quarterly Dividend 
BAY SHORE, NY -- (Marketwired) -- 09/17/13 --  Air Industries Group
(NYSE MKT: AIRI) 
Air Industries Group today announced that its Board of Directors has
approved an increase in its quarterly cash dividends to its
shareholders.  
A quarterly dividend of $0.125 per common share will be paid on
October 15, 2013 to all shareholders of record as of the close of
business on September 30, 2013. Future dividends will be subject to
Board and Bank approval. 
Mr. Michael Taglich, Chairman of the Board of Air Industries Group
commented: "Our Board is increasingly confident in the Company's
position and we plan on paying annual dividends of $0.50 a share --
in quarterly installments -- as a matter of policy, so long as it is
prudent and possible to do so. Through August 31, 2013, we have
reduced our total debt by nearly $2.5 million and paid dividends of
more than $700,000 and acquired Decimal Industries. We are excited
about our internal growth opportunities. We acquired the business of
Decimal Industries on July 1st and we will be pursuing other select
acquisition opportunities that are strategic and accretive." 
For additional information, please call 631.881.4913 or
ir@airindustriesgroup.com 
ABOUT AIR INDUSTRIES GROUP 
 Air Industries Group (NYSE MKT: AIRI) is
an integrated manufacturer of precision components and provider of
supply chain services for the aerospace and defense industry. The
Company has over 40 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
circumstances. 
Air Industries Group
631.881.4913
ir@airindustriesgroup.com 
 
 
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