AIR INDUSTRIES (AIRI) Company Report

AIR INDUSTRIES GROUP announced its financial results for the three and nine months ended September 30, 2025.
For the third quarter of 2025, net sales were $10.3 million and Adjusted EBITDA was $1.3 million. The company reported a net loss of $44,000.
For the nine months ended September 30, 2025, net sales were $35.1 million and Adjusted EBITDA was $2.7 million. The net loss was $1.5 million.
CEO Lou Melluzzo highlighted improved operating results for Q3 2025 compared to the same period last year and the first two quarters of 2025, attributing it to expense reduction efforts and significant improvement in gross margins.

Nov 14, 2025, 10:17 PM

AIRO to Showcase RQ-35 ISR Drone at Modern Warfare Week

AIRI

Product Launch

New Projects/Investments

AIRO Group Holdings (Nasdaq: AIRO) will showcase its RQ-35 Intelligence, Surveillance, and Reconnaissance (ISR) drone at the Modern Warfare Week event hosted by the Global SOF Foundation (GSOF) in mid-November.
The RQ-35 drone is described as battle-proven, having successfully completed over 500 missions per system and tens of thousands of sorties by entire fleets, trusted by NATO forces, and actively deployed by the Armed Forces of Ukraine. It is engineered to excel in GNSS/GPS-denied environments and offers autonomous, fire-and-forget operation.
AIRO is establishing a U.S.-based manufacturing facility in Phoenix, Arizona, to produce the RQ-35 and other drone solutions for U.S. clients, ensuring domestic production and supply chain resilience.
The company is expanding its drone ecosystem with loitering munitions and high-speed interceptor drones through previously announced letters of intent to form joint ventures with Nord Drone and Bullet.

Nov 6, 2025, 12:07 PM

AIR INDUSTRIES GROUP Amends Loan and Security Agreement with Webster Bank

AIRI

Debt Issuance

AIR INDUSTRIES GROUP entered into the Ninth Amendment to Loan and Security Agreement with Webster Bank on September 9, 2025.
Under the amendment, $3,930,000 of proceeds from the company's At The Market Offering will be maintained in an interest-bearing account at Webster Bank, serving as security for its obligations under the Loan and Security Agreement.
The amendment updated the definition of "Borrowing Base" to include one hundred percent (100%) of Qualified Cash, which is unrestricted cash held in a controlled account with the Lender.
This controlled account holding Qualified Cash will be subject to a block, preventing access to these funds by the Credit Parties.