Air Industries Group Acquires Miller Stuart

Air Industries Group has acquired Miller Stuart Inc. of Hauppauge, N.Y.

 

Founded in 1966, Miller Stuart Inc. is a manufacturer of aerospace components whose customers include major aircraft manufacturers and the U.S. military. Miller Stuart specializes in electromechanical systems, harness and cable assemblies, electronic equipment, and printed circuit boards.

 

Miller Stuart will initially be operated as a separate subsidiary. It will not be absorbed into the company's other operating business units and will continue its operations in Hauppauge. Air Industries expects that the management and employees of Miller Stuart will remain in place.

 

Peter Rettaliata, CEO of Air Industries, comments, "The acquisition of Miller Stuart enhances Air Industries in two ways. First it brings new and complementary technical capabilities and new product lines to the company. Air Industries has manufactured electro-mechanical throttle quadrants for helicopters for many years and this acquisition will help us strengthen this product line.

 

"Miller Stuart's customers are also customers of our recently acquired Decimal Industries business unit of our Welding Metallurgy subsidiary. We expect and hope that the combination of Decimal and Miller Stuart will deepen our relationship with these customers. The acquisition of Miller Stuart is a continuation of our Aerospace Consolidation Strategy aimed at grouping small aerospace companies to provide expanded technical capability and a broader range of products to our customers in the growing aerospace Industry."