Air Industries Group (the "Company" or "Air Industries") Announces

Financial Results for the Second Quarter of 2016 and Conference Call

HAUPPAUGE, NY--(Marketwired - Aug 18, 2016) - Air Industries Group (NYSE MKT: AIRI), an integrated manufacturer of precision equipment assemblies and components for leading aerospace and defense prime contractors, reports financial results for the three and six months ended June 30, 2016. Air Industries operates in three segments: Complex Machining of aircraft landing gear and flight controls, Aerostructures & Electronics, and Turbine & Engine Components.

Mr. Daniel Godin, Chief Executive Officer of Air Industries Group, commented: "We are in the process of aggressively growing Air Industries and we are making substantial progress. We have greatly increased the back-log of the entire Company; each segment has increased its backlog significantly during the first half of 2016 compared to the first half of 2015, particularly at our Complex Machining segment, which has increased its firm backlog by more than $ 4 million. We have made substantial progress in our Turbine & Engine segment securing new business with existing customers as well as on new programs & platforms and with new customers. Due to our successful repositioning efforts, we expect to achieve profitable operations in our Turbine & Engine sector in the third and fourth quarters of this year. Our efforts with our Aerostructures & Electronics division are also making excellent progress, with the team focused on operational excellence.

"Our existing customers are very excited about the progress of Air Industries and have been very complimentary and are now presenting us new opportunities."

Mr. Michael Taglich, Chairman of the Board of Air Industries, commented: "We expect that the current quarter will, from an EBITDA standpoint, be about the same as the second quarter. Shareholders should understand that activity will be anything but flat: Work in Progress is expected to expand materially in the third quarter, as we are working feverishly throughout the quarter on products which we expect to ship in the fourth quarter. Fourth quarter revenue and EBITDA should set company records. It is my hope and expectation that, from there, we will not look back."