<SEC-DOCUMENT>0001213900-21-014069.txt : 20210309
<SEC-HEADER>0001213900-21-014069.hdr.sgml : 20210309
<ACCEPTANCE-DATETIME>20210308174330
ACCESSION NUMBER:		0001213900-21-014069
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20210308
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20210309
DATE AS OF CHANGE:		20210308

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AIR INDUSTRIES GROUP
		CENTRAL INDEX KEY:			0001009891
		STANDARD INDUSTRIAL CLASSIFICATION:	AIRCRAFT PART & AUXILIARY EQUIPMENT, NEC [3728]
		IRS NUMBER:				204458244
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35927
		FILM NUMBER:		21723220

	BUSINESS ADDRESS:	
		STREET 1:		1460 FIFTH AVENUE
		CITY:			BAY SHORE
		STATE:			NY
		ZIP:			11706
		BUSINESS PHONE:		631-881-4920

	MAIL ADDRESS:	
		STREET 1:		1460 FIFTH AVENUE
		CITY:			BAY SHORE
		STATE:			NY
		ZIP:			11706

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AIR INDUSTRIES GROUP, INC.
		DATE OF NAME CHANGE:	20070702

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Gales Industries Inc
		DATE OF NAME CHANGE:	20060410

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Ashlin Development Corp
		DATE OF NAME CHANGE:	20050127
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>ea137193-8k_airindustries.htm
<DESCRIPTION>CURRENT REPORT
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0; margin-bottom: 0; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">SECURITIES AND EXCHANGE COMMISSION</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Washington, D.C. 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">FORM 8-K</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">CURRENT REPORT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Pursuant to Section 13 or 15(d)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">of the Securities Exchange Act of 1934</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Date of Report (date of earliest event reported):
March 8, 2021</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">AIR INDUSTRIES GROUP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Exact Name of Registrant as Specified in its
Charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 32%; border-bottom: black 1.5pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Nevada</B></FONT></TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 32%; border-bottom: black 1.5pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>001-35927</B></FONT></TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 32%; border-bottom: black 1.5pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>80-0948413</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">State of Incorporation</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Commission File Number</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">IRS Employer I.D. Number</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">1460 Fifth Avenue, Bay Shore, New York 11706</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Address of Principal Executive Offices)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Registrant&rsquo;s telephone number: (631) 968-5000</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Check the appropriate box below if the Form
8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions
(see General Instruction A.2. below):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Securities registered pursuant to Section 12(b)
of the Act:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 32%; border-bottom: black 1.5pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Title of each class</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; width: 2%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 32%; border-bottom: black 1.5pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Trading Symbol(s)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; width: 2%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 32%; border-bottom: black 1.5pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Name of each exchange on<BR>
which registered</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCEEFF">
    <TD STYLE="white-space: nowrap; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Common Stock, par value $0.001</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">AIRI</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">NYSE American</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&sect;230.405 of this chapter) or Rule 12b-2
of the Securities Exchange Act of 1934 (&sect;240.12b-2 of this chapter).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Emerging growth company &#9744;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">If an emerging growth company, indicate by
check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act. &#9744;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 3pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 3pt"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0; margin-bottom: 0; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; border-bottom: Black 2pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 3pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Item 7.01 Regulation FD Disclosure</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 27pt">On March 8, 2021, Air Industries
Group (the &ldquo;Company&rdquo;) issued a press release announcing its financial results for the three months and fiscal year
ended December 31, 2020. In the press release the Company announced that it will host a conference call for investors to discuss
its financial results on Tuesday March 9, 2021 at 8:30 AM New York Time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 27pt">The information in this
Form 8-K, including Exhibit 99.1 attached hereto, shall not be deemed as &ldquo;filed&rdquo; for purposes of Section&nbsp;18 of
the Securities Exchange Act of 1934 (the &ldquo;Exchange Act&rdquo;), or otherwise subject to the liability of such Section, nor
shall it be deemed incorporated by reference in any filing by Air Industries under the Securities Act of 1933, as amended, or the
Exchange Act, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference
in such filing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Item&nbsp;9.01 Financial Statements and Exhibits.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>(d) Exhibits.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 9%; border-bottom: black 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit&nbsp;No.</B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 90%; border-bottom: black 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Description</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCEEFF">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">99.1</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="ea137193ex99-1_airindustries.htm">Text of press release dated March 8, 2021 issued by Air Industries Group.</A></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<!-- Field: Page; Sequence: 2; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P><P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">SIGNATURES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Dated: March 8, 2021</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>AIR INDUSTRIES GROUP</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 60%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 36%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/&nbsp;Michael Recca</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Michael Recca</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<!-- Field: Page; Sequence: 3; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ea137193ex99-1_airindustries.htm
<DESCRIPTION>TEXT OF PRESS RELEASE DATED MARCH 8, 2021 ISSUED BY AIR INDUSTRIES GROUP
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 99.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><IMG SRC="ex99-1_001.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">March
8, 2021</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Air Industries Group Announces Financial
Results for the Three and Twelve Months Ended December 31, 2020. Sales Return to Pre-Pandemic Levels in the Fourth Quarter with
Positive Adjusted EBITDA Achieved</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Bay
Shore, NY -- (Business Wire) &ndash; March 8, 2020 4:15pm EST &ndash; Air Industries Group (NYSE AMEX: AIRI):</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Air
Industries Group (&ldquo;Air Industries&rdquo; or the &ldquo;Company&rdquo;), an integrated manufacturer of precision equipment
assemblies and components for leading aerospace and defense prime contractors today announced its results for the three and twelve
months ended December 31, 2020.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Three
Months ended December 31, 2020 compared to December 31, 2019</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD>Consolidated net sales for the three months ended December 2020 was $14.5 million increasing $1.2 million or 9.0% from $13.3
million in 2019.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD>Consolidated&nbsp;gross profit for the three months ended December 2020 was $2.1 million increasing $400,000 or 23.5% from
$1.7 million in 2019. Gross profit as a percentage of sales was 14.4% in 2020 compared to 12.8 % in 2019.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD>Operating expenses for the three months ended December 2020 were $2.1 million a decline of $600,000 or 22.2% from $2.7 million
in 2019.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD>Operating income for the three months 2020 was $200,000 compared to an operating loss of $1.0 million in 2019.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD>Interest and financing costs for the three months December 2020 were $300,000 a significant decline of $500,000 or 62.5% compared
to $800,000 in 2019.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD>Net Income from continuing operations for the three months ended December 2020 was $2.1 million compared to a net loss from
continuing operations of $1.3 million in 2019. Net income for the three months 2020 included $2.4 million from forgiveness of the
Payroll Protection Program loans.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD>Adjusted EBITDA, including stock compensation expense, for the three months ended December 2020 was approximately $3.4 million
compared to $333,000 in 2019. Adjusted EBITDA for 2020 included approximately $2.4 million from forgiveness of the Payroll Protection
Program loans.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B></B></FONT></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P><P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>For
the year ended December 31, 2020 compared to December 31, 2019</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD>Consolidated net sales for year ended December 2020 were $50.1 million compared to $54.6 million in 2019.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD>Consolidated&nbsp;gross profit for year ended December 2020 was $6.5 million compared to $9.1 million in 2019. Gross profit
as a percentage of sales was 13.0% in 2020 compared to 16.7 % in 2019.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD>Operating expenses for year ended December 2020 were $8.0 million or a decline of $500,000 as compared to $8.5 million of operating
expenses in 2019.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD>Operating loss for year ended December 2020 was $1.4 million as compared to an operating income of $300,000 in 2019.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD>Interest and financing costs for year ended December 2020 were $1.5 million a significant decline of $2.1 million or 58% as
compared to $3.6 million in 2019.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD>Net Income from continuing operations for the year ended December 2020 was $1.3 million compared to a net loss from continuing
operations of $2.6 million in 2019. Net income for 2020 included approximately:</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">&#9675;</TD><TD>$2.4 million in income from forgiveness of the Payroll Protection Program loans and;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">&#9675;</TD><TD>Income tax benefit of $1.4 million resulting from a tax refund from tax law changes enacted in the CARES Act.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD>Adjusted EBITDA, including stock compensation expense, for 2020 was approximately $4.4 million compared to $5.2 million in
2019.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0; border-bottom: Black 1.5pt solid; text-align: left; font-weight: bold; text-indent: 0">Adjusted EBITDA</TD><TD STYLE="padding: 0; text-align: center; font-weight: bold; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0; text-align: center; font-weight: bold; border-bottom: Black 1.5pt solid; text-indent: 0">Three Months December 2020</TD><TD STYLE="padding: 0; text-align: center; font-weight: bold; text-indent: 0">&nbsp;</TD><TD STYLE="padding: 0; text-align: center; font-weight: bold; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0; text-align: center; font-weight: bold; border-bottom: Black 1.5pt solid; text-indent: 0">Twelve Months December 2020</TD><TD STYLE="padding: 0; text-align: center; font-weight: bold; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding: 0; width: 76%; text-align: left; text-indent: 0">Net Income</TD><TD STYLE="padding: 0; width: 1%; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; width: 1%; text-align: left; text-indent: 0">$</TD><TD STYLE="padding: 0; width: 9%; text-align: right; text-indent: 0">2,099,000</TD><TD STYLE="padding: 0; width: 1%; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding: 0; width: 1%; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; width: 1%; text-align: left; text-indent: 0">$</TD><TD STYLE="padding: 0; width: 9%; text-align: right; text-indent: 0">1,096,000</TD><TD STYLE="padding: 0; width: 1%; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">Add-backs to EBITDA</TD><TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding: 0; text-align: right; text-indent: 0">&nbsp;</TD><TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding: 0; text-align: right; text-indent: 0">&nbsp;</TD><TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding: 0 0 0 0.125in; text-indent: 0">Interest</TD><TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding: 0; text-align: right; text-indent: 0">324,000</TD><TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding: 0; text-align: right; text-indent: 0">1,491,000</TD><TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding: 0 0 0 0.125in; text-indent: 0">Taxes</TD><TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding: 0; text-align: right; text-indent: 0">-</TD><TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding: 0; text-align: right; text-indent: 0">(1,414,000</TD><TD STYLE="padding: 0; text-align: left; text-indent: 0">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding: 0 0 0 0.125in; text-align: left; text-indent: 0">Depreciation &amp; Amortization</TD><TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; border-bottom: Black 1.5pt solid; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding: 0; border-bottom: Black 1.5pt solid; text-align: right; text-indent: 0">686,000</TD><TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; border-bottom: Black 1.5pt solid; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding: 0; border-bottom: Black 1.5pt solid; text-align: right; text-indent: 0">2,696,000</TD><TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding: 0 0 0 0.25in; text-indent: 0">EBITDA</TD><TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding: 0; text-align: right; text-indent: 0">3,109,000</TD><TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding: 0; text-align: right; text-indent: 0">3,869,000</TD><TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">Add-backs to Adjusted EBITDA</TD><TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding: 0; text-align: right; text-indent: 0">&nbsp;</TD><TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding: 0; text-align: right; text-indent: 0">&nbsp;</TD><TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding: 0 0 0 0.125in; text-align: left; text-indent: 0">Stock Compensation</TD><TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; border-bottom: Black 1.5pt solid; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding: 0; border-bottom: Black 1.5pt solid; text-align: right; text-indent: 0">250,000</TD><TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; border-bottom: Black 1.5pt solid; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding: 0; border-bottom: Black 1.5pt solid; text-align: right; text-indent: 0">516,000</TD><TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding: 0 0 0 0.25in; text-align: left; text-indent: 0">Adjusted EBITDA</TD><TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; border-bottom: Black 4pt double; text-align: left; text-indent: 0">$</TD><TD STYLE="padding: 0; border-bottom: Black 4pt double; text-align: right; text-indent: 0">3,359,000</TD><TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; border-bottom: Black 4pt double; text-align: left; text-indent: 0">$</TD><TD STYLE="padding: 0; border-bottom: Black 4pt double; text-align: right; text-indent: 0">4,385,000</TD><TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B></B></FONT></P>

<!-- Field: Page; Sequence: 2; Options: NewSection; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P><P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>CEO
Commentary</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Lou Melluzzo, CEO of Air Industries said, <I>&ldquo;We are very
pleased with our results for the fourth quarter of 2020. Revenue, gross profit and operating income were significantly higher in
the fourth quarter than any other quarter of 2020. The negative effects of the Covid-19 pandemic which impaired operations earlier
in the year appear to have largely passed. Operations in the last three months of the year were nearly back to normal and we are
on our way to resuming normal operations.&rdquo;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Mr. Melluzzo further commented on the company&rsquo;s business
outlook stating, &ldquo;<I>Air Industries remains confident about 2021. We expect that our operations will continue to improve
and our sales to increase. Despite the turmoil in the Aerospace industry our backlog remains strong. Fully 75% of our firm 18-month
backlog comes from just four aircraft platforms vitally important to the nation&rsquo;s defense. Most of these aircraft are in
current production with increasing production rates. These include the F-35 Joint Strike Fighter, the E2-D, and the UH-60 Black
Hawk and CH-53 K heavy lift helicopter. Our sales of a commercial aerospace product used in the new Geared Turbo-Fan engine used
on smaller airliners increased in 2020 and we are optimistic that this trend will continue in 2021. In light of the dramatic declines
in the commercial aerospace market, it is perhaps unique that our commercial aerospace backlog in 2020 increased three-fold to
$3.6 million from $1.1 million in 2019. Now that economies around the world are starting to re-open again, we believe that Air
Industries is firmly positioned to achieve growth in 2021.&rdquo; </I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Additional
information about the Company can be found in its filings with the SEC.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>Investor
Conference Call</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Management
will host a conference call on Tuesday, March 9, 2021 at 8:30AM Eastern</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: #FDFDFD"><B>Conference
Toll-Free Number &ndash; </B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">800.309.1256</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: #FDFDFD"><B>Passcode
&ndash; 677 842</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B></B></FONT></P>

<!-- Field: Page; Sequence: 3; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P><P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>ABOUT
AIR INDUSTRIES GROUP</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Air
Industries Group (AIRI) is an integrated manufacturer of precision equipment assemblies and components for leading aerospace and
defense prime contractors.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Forward
Looking Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Certain
matters discussed in this press release are 'forward-looking statements' intended to qualify for the safe harbor from liability
established by the Private Securities Litigation Reform Act of 1995. In particular, the Company's statements regarding trends
in the marketplace, <FONT STYLE="background-color: white">future revenues, earnings and Adjusted EBITDA</FONT>, the ability to
realize firm backlog and projected backlog, cost cutting measures, potential future results and acquisitions, are examples of
such forward-looking statements. The forward-looking statements are subject to numerous risks and uncertainties, including, but
not limited to, the timing of projects due to variability in size, scope and duration, the inherent discrepancy in actual results
from estimates, projections and forecasts made by management, regulatory delays, changes in government funding and budgets, and
other factors, including general economic conditions, not within the Company's control. The factors discussed herein and expressed
from time to time in the Company's filings with the Securities and Exchange Commission could cause actual results and developments
to be materially different from those expressed in or implied by such statements. The forward-looking statements are made only
as of the date of this press release and the Company undertakes no obligation to publicly update such forward-looking statements
to reflect subsequent events or circumstances.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><B>Adjusted
EBITDA</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">The
Company uses Adjusted EBITDA, a Non-GAAP financial measure as defined by the SEC, as a supplemental profitability measure because
management finds it useful to understand and evaluate results, excluding the impact of non-cash depreciation and amortization
charges, stock based compensation expenses, and nonrecurring expenses and outlays, prior to consideration of the impact of other
potential sources and uses of cash, such as working capital items. This calculation may differ in method of calculation from similarly
titled measures used by other companies and may be different than the EBITDA calculation used by our lenders for purposes of determining
compliance with our financial covenants. This Non-GAAP measure may have limitations when understanding performance as it excludes
the financial impact of transactions such as interest expense necessary to conduct the Company&rsquo;s business and therefore
are not intended to be an alternative to financial measure prepared in accordance with GAAP. The Company has not quantitatively
reconciled its forward looking Adjusted EBITDA target to the most directly comparable GAAP measure because such items such as
amortization of stock-based compensation and interest expense, which are specific items that impact these measures, have not yet
occurred, are out of the Company&rsquo;s control, or cannot be predicted. For example, quantification of stock-based compensation
is not possible as it requires inputs such as future grants and stock prices which are not currently ascertainable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Contact
Information</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Air
Industries Group</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Investor
Relations</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">631.328.7078</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">ir@airindustriesgroup.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Rule-Page --><DIV STYLE="width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>ex99-1_001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 ex99-1_001.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  $! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0'_
MVP!# 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0'_P  1" != 0\# 2(  A$! Q$!_\0
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MZ+=)=V5TNQE$]L[*UMJ%C*3;:EIUQ=Z==I):W4J-_J.?\$M/^"AO@C_@H_\
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MW-X>M=75"00K?9Y[VV5BAP<%BK#@BDW97LWY+_@Z%1BI22<XP3?Q2YFE_P"
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M>I6\UW!<QD6_C+Q;!LO-/\-IOC,=UI.G$0ZCXD"DAHVL=*;Y;^<Q_P!(P55
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MG=G\,E%?VI0_\&E?PWN6V6O[?'BRY?&=EO\ !?PG.X&0"Q2+Q^[;<D#. ,D
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M"0:<HSBN:5.I%+=N$DEZW22[:L+I]5]Z_P S^;;_ (.%OVO_ !#IO@SX/_\
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M^T5I0V6BI<@6BN,+(MN(@RDJVX$K7B_P7D_X-[+OX8_#*+X[?&S_ (*(:?\
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M/#%_9:NNHZG]A;]<_P#@VA_9 _94^/\ ^P#XO\9?'#]G/X,?%KQ=9?M%^--
MM/$WQ"^'GAKQ9KEMH=EX'^'-U9Z1!J.M:?>7,6FVMS>WMQ!9QR+#'->7+A-T
MA(_IY^$/[)O[,'[/^IZEK?P-_9\^#GPBUS6+866J:W\._AWX5\*:Q?6(9)#8
MW&J:1IEK?/9/)%%+):>>+>66&*22-GC0CFXBXTP&59]G&#G3SO,GAZ^)PCRG
M'XG*Y<.57*CAZ?*\)3R]8U8:DW[2E#ZS[95(\WM5<TPN!J5:&'FI4*:E&%3V
6L(UUB;7D]9NMR<TKVE[K5KV5[-?_V0$!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
