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 | Aircraft Landing Gear, 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 |
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