Air Industries Group ~ Debt Placement ~ January 2009
Air Industries Group, Inc. is an integrated manufacturer of aircraft structural parts and assemblies principally for prime defense contractors in the defense/aerospace industry including; Sikorsky, Lockheed Martin, Boeing and Northrop Grumman. The Company has evolved from an individual parts manufacturer to a manufacturer of subassemblies and an engineering integrator. The company is one the largest suppliers of parts to the Sikorky BlackHawk helicopter.
When market conditions held up the restructuring of the Company’s existing bank debt, Taglich Brother helped the Air Industries raise the Subordinated Debt needed to for working capital to fulfill its backlog. Taglich Brothers also moved to help advise the company in streamlining its operations, improving its cash flow and stabilizing its balance sheet.
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