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Air Industries Group Secures $110 Million Contract for GTF Aircraft Engine Components
Aug 22, 2024•almost 2 years ago
Contract Type
contract
Description
Air Industries Group has announced the receipt of a $110 million, 7-year contract for the production of Thrust Struts used in the Geared Turbo-Fan (GTF) aircraft jet engine. This milestone contract is set to commence in January 2025 and extend through 2031, replacing and expanding on an existing contract. The contract is expected to have a significant impact on the company's annual sales and backlog, with over $280 million in backlog orders.
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