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Air Industries amends merger agreement with Tenax Aerospace and sets fixed share exchange

Air Industries has amended the merger agreement with Tenax Aerospace to comply with NYSE American listing requirements and sets a fixed merger consideration of 126,900,000 common shares (equivalent to 25,380,000 after the planned 1‑for‑5 reverse stock split). The debt‑adjusted merger price is $3.05 per share ($15.25 after the split); the stock is trading slightly below that at $2.94. The amended agreement removes a previously planned tender offer, calls for filing an S‑4 with the SEC and submitting the transaction for shareholder approval; Air Industries manufactures aircraft components and, according to InvestingPro, has weak financials and a market capitalization of $14.31 million. » More on de.investing.com
Air Industries Group faces going-concern doubts due to high indebtedness

The audit for the fiscal year ended December 31, 2025, includes a going-concern warning and confirms that the consolidated financial statements were prepared on a going-concern basis. The background is roughly $31 million in total debt versus a market capitalization of about $15 million, and a debt-financed free cash flow of -$4.67 million over the last twelve months. Air Industries Group manufactures precision components for aerospace and defense and has signed a merger agreement with Tenax Aerospace Acquisition that, if completed, is intended to pay off all existing debt. » More on de.investing.com
Air Industries Group: Scott Glassman appointed interim CEO and president

Air Industries Group has appointed Scott Glassman as interim CEO and president, and as president of all subsidiaries, with immediate effect. Glassman previously served as CFO, principal accounting officer and secretary and has held various senior finance roles at the company since 2007. The board also named Brian Drisgula vice president of finance and treasurer/secretary of the subsidiaries. The appointments come against a backdrop of high debt, a negative EPS of -$0.52 and preliminary annual losses; the company is simultaneously planning a merger with Tenax Aerospace (transaction value $380 million) and has extended a loan with Webster Bank through September 30, 2026. » More on de.investing.com

Historical dividends Dividends

All dividend metrics All metrics

In 2012, AIR INDUSTRIES GR.DL-,001 has already paid €0.49 in dividends. The last payout was in November 2012.

Financials

In the last quarter, AIR INDUSTRIES GR.DL-,001 had revenue of €10.51M and net profit of -€741.27K

(EUR)	Jun 2026	YoY
Revenue	10.51M	2.14%
Gross profit	2.18M	26.45%
Net profit	-741.27K	107.04%
EBITDA	382.03K	47.34%

Fundamentals

Metric	Value
Market capitalization	€11.48M
Number of shares	4.85M
52-week high/low	€3.41 - €1.99
Dividends	No
Beta	0.08
P/E ratio	-7.42
PEG ratio	-0.18
P/B ratio	0.73
P/S ratio	0.28

Company profile

Die Air Industries Group, ein Unternehmen der Luft- und Raumfahrt- sowie der Verteidigungsindustrie, entwickelt, fertigt und verkauft Strukturteile und Baugruppen für missionskritische Luft- und Raumfahrt- sowie Verteidigungsanwendungen und ist ein Hauptauftragnehmer des US-Verteidigungsministeriums in den Vereinigten Staaten. Das Unternehmen ist in zwei Segmenten tätig: Complex Machining und Turbine and Engine Component. Das Segment Complex Machining bietet Lande- und Feststellvorrichtungen für Flugzeuge, Triebwerksaufhängungen, Flugsteuerungen, Drosselklappenquadranten und andere Komponenten an. Die Produkte werden in einer Reihe von Militär- und Verkehrsflugzeugen eingesetzt, darunter der UH-60 Blackhawk von Sikorsky, der Lockheed Martin F-35 Joint Strike Fighter, der Northrop Grumman E2D Hawkeye, die F-18 der US Navy und die F-16 und F-15 der USAF. Das Segment Turbinen- und Triebwerkskomponenten stellt Komponenten her und bietet Dienstleistungen für Flugzeugtriebwerke und Bodenturbinen an. Die Triebwerkskomponenten des Unternehmens werden unter anderem in der USAF F-15 und F-16, dem Airbus A-330 und der Boeing 777 sowie in Bodenturbinenanwendungen eingesetzt. Die Produkte des Unternehmens werden von Erstausrüstern bei der Herstellung von Starrflügelflugzeugen, Hubschraubern, Düsentriebwerken und anderen komplexen Luft- und Raumfahrt- sowie Verteidigungsprodukten verwendet. Die Air Industries Group wurde 1979 gegründet und hat ihren Hauptsitz in Bay Shore, New York.

Name	AIR INDUSTRIES GR.DL-,001
CEO	Scott A. Glassman
Headquarters	Bay Shore, ny USA
Website	airindustriesgroup.com
Sector	Industrials
Industry	Aerospace & Defense
IPO	10/05/2000
Employees	150