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PRESS RELEASE
Issued by:

Air Industries Group subsidiary Sterling Engineering Corporation receives $3.2M in new contracts
Wednesday, 3 January 2024

Air Industries Group, an integrated Tier 1 manufacturer of precision assemblies and components for mission-critical aerospace and defense applications, and a prime contractor to the U.S. Department of Defense, today announced that its Sterling Engineering Corporation (Sterling) subsidiary has received two contracts totaling approximately $3.2 million.

Sterling Engineering has been awarded two contracts for engine components used in the F-135 jet engine that powers the Lockheed Martin F-35 Lightning II. Significantly, delivery against these contracts will begin in early 2024 boosting near term revenues.

Mr. Lou Melluzzo, CEO of Air Industries, commented: “These awards continue what has been a very strong increase in business at Sterling Engineering. During the two months ended November 30th, Sterling's firm 18-Month Backlog increased by nearly $5.1 million or 43% from its backlog at September 30th. Sterling recently completed its first quarter in many years with revenue above $2.0 million. The increase in backlog, together with these new contracts confirm Sterling's ability to increase its revenue and return to profitability.”

Contact details from our directory:
Air Industries Group Engine Control Quadrants, Aircraft Structural Components, Hydraulic Actuators, Mechanical Actuators, Mechanical Fittings, Precision Machined Parts, Struts
Sterling Engineering Corp. Machining Services, Aircraft Structural Components, Metal Structures, Turning, Milling
Related aircraft programs:
Lockheed Martin F-35 Lightning II
Related directory sectors:
Mechanical Components