Visiteur non identifié - Connexion - Inscrivez-vous
Air Industries Group, Inc. (OTCBB: GLDS) (formerly Gales
Industries), a holding company established to consolidate
manufacturers, engineering integrators and specialized service
providers to the aerospace/defense industry, today announced that its
wholly-owned operating subsidiary, Air Industries Machining Corp.
(AIM), received orders totaling $4.1 million from Goodrich Aerospace
Canada Ltd, a Landing Gear division of Goodrich Corporation (NYSE:
GR). The orders are for Landing Gear Drag Strut Assemblies on the
Airbus A380 aircraft. These orders are incremental contractual
releases against a long term agreement announced earlier in the year.
"Today's announcement highlights continued important and sizeable
awards for AIM as a supplier of critical aircraft parts," said Peter
Rettaliata, Chief Executive Officer of Air Industries Group. "Our
recent contract awards reflect our strengthened position within the
supply chain supporting the world's leading commercial aircraft
builders. Furthermore, we have markedly progressed in our overarching
business pursuits of internally generated revenue growth and
diversification for our manufacturing platform."
The A380 is a double-deck, four-engine airliner manufactured by
Airbus Corporation, a division of European Aeronautic Defence and
Space Company EADS N.V. (EADS). Hailed as Airbus' 21st century
flagship, the A380 Aircraft Family introduces a new era of airline
transportation, carrying 525 passengers aboard the most advanced,
spacious and efficient aircraft ever conceived, according to the
company. Designed as the largest passenger airliner in the world, the
A380 has been modified as a freighter plane for commercial cargo
shipments. The jetliner has a maximum takeoff weight of 590 metric
tons (1,300,000 lbs.) and a range of 15,200 km/8,200 nm. The A380's
maiden flight was on April 27, 2005 from Toulouse, France. Since its
introduction, a total of 165 A380 airplanes have been ordered to date.
Goodrich Corporation, a Fortune 500 company, is a global supplier
of systems and services to the aerospace, defense and homeland
security markets. With annual revenues of $5.9 billion, Goodrich is
headquartered in Charlotte, North Carolina, and employs more than
23,000 people worldwide in over 90 facilities across 16 countries.
Goodrich Landing Gear is the leading producer of aerospace landing
gear components, assemblies and associated hydraulic systems. Its
production of world class landing systems is based largely on a
network of approved purchased product suppliers, including Air
Industries Machining Corp., located throughout the world. These
suppliers have been selected and approved based on their ability to
meet Goodrich Landing Gear's highest standards in supplier quality
systems and product. The Landing Gear Division supports commercial,
military, regional and business customers throughout the world.
Customers include Boeing Commercial and Military, Lockheed-Martin,
Airbus, Bombardier, Gulfstream, Agusta, Sikorsky and the United States
government.
ABOUT AIR INDUSTRIES GROUP, INC.
Air Industries Group, Inc. (OTCBB: GLDS) (formerly Gales
Industries) is a holding company established to consolidate
manufacturers, engineering integrators and specialized service
providers to the aerospace/defense and commercial aviation industries.
The Company is focused on flight safety and other critical
componentry. Consolidation opportunities include companies operating
within highly synergistic disciplines of manufacturing, technical
services and strategic products distribution. The Company's strategy
is to execute its consolidation principally amongst middle market
aerospace/defense subcontractors. Air Industries Group offers a
tailored exit strategy or management continuity strategy in exchange
for qualified acquisitions, and targets technically superior
organizations with revenues of up to $100 million annually.
Information on the Company and its products may be found online at
www.airindmc.com.
Certain matters discussed in this press release are
'forward-looking statements' intended to qualify for the safe harbors
from liability established by the Private Securities Litigation Reform
Act of 1995. In particular, the Company's statements regarding trends
in the marketplace, firm backlog, projected backlog, potential future
results and acquisitions, are examples of such forward-looking
statements. The forward-looking statements include risks and
uncertainties, including, but not limited to, the timing of projects
due to the variability in size, scope and duration of projects,
estimates, projections and forecasts made by management with respect
to the Company's critical accounting policies, firm backlog, projected
backlog, regulatory delays, government funding and budgets, matters
pertaining to potential and pending acquisitions subject to and after
closings, and other factors, including results of financial audits and
general economic conditions, not within the Company's control. Certain
of the Company's forward looking statements, with the projected
backlog in particular, are formulated based on management's extensive
industry experience and understanding and assessment of industry
trends, customer requirements, and related government spending.
Projected backlog may be subject to variability and may increase or
decrease at any time based on a variety of factors, including but not
limited to modifications of previously released orders, acceleration
of orders under general purchase agreements, etc. 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.
Sélectionnez votre lecteur de news préféré ci-dessous :
Ou bien intégrez le flux XML dans votre agrégateur RSS par défaut : 
