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Air Industries Group Message Board

  • profofall profofall Jan 4, 2010 4:40 PM Flag

    News coming????

    I sure hope so. Not that much money into this thing, but I'm down 50%. Anyone have any news? TIA.

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    • F35 orders being sped up to get the program back on track. Some parts shortages caused delays in getting the prototypes in the air for testing. AIRI has F35 contracts and there will be approximately 2,500 built for the U.S. armed services. Hundreds more expected from NATO and others. This could "jump start" the pps. Just an FYI. Anyone with more information? RDK.

    • Prior to the Shady 1512G Filing: Dated 10-21

      Net Loss Reported(Last): (1.728M) (.0242) / Share.


      AR: 4.742M
      Inventory: 21.746M
      PPE: 5.16M
      Debt Payable: (22.815M)
      Revenue Annualized: 44.558M

      Net: 53.391M

      Shares Reported Outstanding: 71.544M

      Factor @ Point of 1512"G": .746_27

      Current Price to Factor Above: .0375_199_32

      Excluded COGS and G&A, because @ this point, appear to be a plug amount most of the time.

      Majority of Debt matures "now", early 2010. Currently there are no 8-K's stating debt refinance, but it is still early for that. I will continue to check.

      Designs and manufactures aircraft structural parts and assemblies for defense contractors and aircraft manufacturers in the United States and internationally. It engages in processing, cutting, milling, machining, and hardening metals into assemblies, such as electromechanical devices, mixer assemblies, rotor-hub components, flight controls, arresting gears, vibration absorbing assemblies, landing gear components, and other subassembly packages, as well as engine mounts and throttle quadrants.
      Its products are deployed on a range of high profile military and commercial aerospace platforms, including Sikorsky's UH-60 Blackhawk helicopter, Lockheed Martin's F-35 Joint Strike Fighter, Northrop Grumman's E2D Hawkeye, Boeing's 777, and Airbus' 380 commercial airliners.

      I will keep checking on any news, and relay to this board.

4.5855-0.0023(-0.05%)10:36 AMEDT