Air Industries jumps as unit secures $6 mln contract extension

Air Industries

06/01/2022 14:07

** Aerospace and defense manufacturer's  AIRI.K  shares up
as much 8.1% at $1 premarket
    ** Co says its Sterling Engineering unit bagged a contract
extension to deliver Turbine Exhaust Case (TEC) components for
the PW-4000 jet engine used on many Airbus and Boeing commercial
aircraft, including the A-330 and Boeing 777  urn:newsml:reuters.com:*:nBw6Bxll5a
    ** AIRI says the contract extension will generate revenue in
excess of $6 million 
    ** Stock was up ~2% YTD, as of last close 

 (Reporting by Rithika Krishna in Bengaluru)
 ((Rithika.Krishna@thomsonreuters.com; Twitter: https://twitter.com/rithika_krishna;))