Shares of Air Industries Group (NYSE:AIRI) surged 65% after the company revealed it had secured a $5.4 million contract to produce key landing gear components for the U.S. Air Force’s B-52 bomber fleet.
The contract, which includes manufacturing steering collar parts, marks Air Industries’ first involvement in the B-52 program and represents a new customer relationship for the aerospace firm. Deliveries are set to begin in late 2026 and run through the third quarter of 2027.
CEO Lou Melluzzo called the award a “strategic breakthrough,” citing the B-52’s long service horizon. “With 76 aircraft currently active, we expect continued demand for aftermarket components for years to come,” Melluzzo said. He added that the contract supports the company’s growing emphasis on aftermarket spares within the aerospace and defense sectors.
Air Industries specializes in precision manufacturing for top-tier aerospace and defense contractors. The B-52, a Cold War-era long-range bomber, is undergoing modernization efforts and is expected to remain in operation through the 2050s, making it a valuable long-term opportunity for suppliers.
Air Industries Group stock price
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