AIR INDUSTRIES GROUP Business Summary

Air Industries Group (AIRI) operates as an integrated Tier 1 manufacturer specializing in mission-critical, high-precision aerospace and defense components. The company generates revenue through long-term agreements (LTAs) and prime contracts for the production of flight-safety-essential hardware, including landing gear, arresting gear, engine mounts, and flight controls. Its operations are bifurcated into two primary segments: Complex Machining, which focuses on structural assemblies for platforms like the F-35 Lightning II and UH-60 Black Hawk, and Turbine Engine Components, which supplies specialized parts for commercial and military jet engines such as the Pratt & Whitney Geared Turbo Fan. Positioned as a specialized niche player in the aerospace supply chain, AIRI competes with larger diversified firms like TransDigm Group, Elbit Systems, and Astronics Corporation, maintaining its market share through deep-rooted technical expertise and a robust funded backlog that reached record levels in early 2026. While the current holding company was formally incorporated in 2006 as a strategic consolidation of specialized entities, its operational pedigree traces back to 1941. The leadership team is led by President and CEO Luciano (Lou) Melluzzo, a 35-year aerospace veteran with a background in turnaround management at EDAC Technologies. He is supported by CFO Scott Glassman, a CPA who has held senior financial roles within the company since 2007. The board is chaired by Peter D. Rettaliata, a former CEO of the company and Grumman Aerospace executive, and includes notable investors Michael N. Taglich and Robert F. Taglich, co-founders of the securities firm Taglich Brothers. This leadership core combines deep manufacturing experience with institutional financial backing, focusing on operational efficiency and the refinancing of credit facilities to support long-term growth in the defense sector.