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Microcap & Penny Stocks : AIRI - A Unique Opportunity in Value Stocks
AIRI 0.670-4.3%Jul 1 4:00 PM EDT

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From: Julius Wong10/14/2021 8:55:05 PM
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Air Industries shares surge 25% after CH-53K heavy lift helicopter long-term agreement

Oct. 14, 2021 4:25 PM ET Air Industries Group (AIRI) By: Aakash Babu, SA News Editor

Air Industries (NYSE: AIRI) announces that its Sterling Engineering subsidiary has been awarded a new long-term agreement to deliver "Chaff Pods" for the new CH-53K heavy lift helicopter.

Air Industries shares up more than 25% post market.

Based on existing orders for the aircraft the LTA should have a minimum value in excess of $5.2M.

The CH-53K is a sea-based, long range, heavy-lift helicopter providing three times the lift capability of its predecessor and exceeding all other DOD rotary wing-platforms.

The primary mission of the aircraft is to support the US Marine Corps in transporting personnel and equipment from naval ships to land in the Indo-Pacific Theater.
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