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News Breaks
May 16, 2014
08:36 EDTAIRIAir Industries sees Q2 revenue $12.5M, one estimate $17.93M
Air Industries announced it anticipates that consolidated net sales for Q2 will be approximately $12.5M; a decrease of approximately $3M from first quarter net sales of $15.5M. During Q2 the company encountered delays in production of E2D landing gear. The company expects that these problems will be corrected in Q3 and Q4. The company still anticipates that we will have positive EBITDA for Q2.
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