An investigation was announced on behalf of investors in shares of Air Industries Group Inc (NYSEAMERICAN:AIRI) over potential breaches of fiduciary duties by certain directors at Air Industries Group.

The investigation by a law firm concerns whether certain Air Industries Group Inc directors breached their fiduciary duties and caused damage to the company and its shareholders.

Hauppauge, NY based Air Industries Group is an aerospace and defense company that manufactures and designs structural parts and assemblies that focus on flight safety, including landing gear, arresting gear, engine mounts, flight controls, throttle quadrants, jet engines and other components. Air Industries Group Inc reported that its annual Total Revenue declined from $80.44 million in 2015 to $66.92 million in 2016 and its Net Loss increased from $0.83 million in 2015 to $15.62 million in 2016.