Air Industries Group Announces Quarterly Dividend
BAY SHORE, NY -- (Marketwired) -- 12/30/13 -- Air Industries Group
(NYSE MKT: AIRI)
Air Industries Group today announced that its Board of Directors has
approved the payment of its quarterly cash dividend to shareholders.
A quarterly dividend of $0.125 per common share will be paid on
January 24, 2014, to all shareholders of record as of the close of
business on January 9, 2014. Future dividends will be subject to the
approval of the Company's Board of Directors and Bank.
Mr. Michael Taglich, Chairman of the Board of Air Industries Group,
commented: "Our Board remains confident in the Company's position. We
are excited about our growth opportunities and recent contract
awards. As you know we acquired the business of Miller Stuart Inc in
November and we are continuing to pursue other select acquisition
opportunities that are both strategic and accretive to our business."
For additional information, please call 631.881.4913 or
ABOUT AIR INDUSTRIES GROUP, INC.
Air Industries Group (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
Air Industries Group
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