Air Industries Group Secures Follow-On $11 Million Multi-Year Commercial Aerospace Contract

Air Industries Group Secures Follow-On $11 Million Multi-Year Commercial 
Aerospace Contract 
BAY SHORE, NY -- (Marketwired) -- 12/02/13 --  Air Industries Group
Air Industries Group (NYSE MKT: AIRI) ("Air Industries" or "the
Company") announced today that it has been awarded another multi-year
contract by UTC Aerospace Systems - Aerostructures to provide nacelle
thrust struts in support of its requirements for the Mitsubishi
Regional Jet.  
The contract is valued at $11 million with projected deliveries over
six years, and will run concurrently with another recently announced
award for similar thrust struts. These thrust struts will be used in
the nacelle system for the new Pratt & Whitney PurePower PW1200G
geared turbofan engine, with deliveries scheduled to begin in
mid-2014. Designed and manufactured to leverage the latest in
composite technology, the nacelle systems will directly contribute to
the significant reductions in fuel burn, emissions, noise and
operating costs that Pratt & Whitney's PurePower engines will provide
compared with today's aircraft. UTC Aerospace Systems is a unit of
United Technologies Corp. (NYSE: UTX). 
Mr. Peter Rettaliata, Chief Executive Officer of Air Industries,
commented: "This contract award is the culmination of a significant
effort, first realized in mid-October with the initial UTC Aerospace
Systems - Aerostructures award to Air Industries of similar thrust
struts, to position the Company in the growing commercial aerospace
market. We are justifiably proud of the confidence UTC Aerospace
Systems has shown in Air Industries by providing this award, and we
continue to build our relationship with one of the premier
manufacturers of integrated nacelle systems in the world." 
About UTC Aerospace Systems: 
UTC Aerospace Systems designs, manufactures and services integrated
systems and components for the aerospace and defense industries. UTC
Aerospace Systems supports a global customer base with significant
worldwide manufacturing and customer service facilities. 
United Technologies Corp. (NYSE: UTX), based in Hartford,
Connecticut, is a diversified S&P 500 company providing high
technology products and services to the building and aerospace
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 50 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
For additional information, please call 
Air Industries Group
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