Tenax Aerospace and Air Industries Group to Merge, Creating Diversified Aerospace and Defense Company
Tenax Aerospace Acquisition and Air Industries Group have signed a merger agreement to combine their businesses, forming a larger aerospace company. The merger will create a diversified firm focused on special mission aviation and precision aerospace manufacturing, expected to generate revenues of over $210 million in 2026. Post-merger, Tenax shareholders will own approximately 95% of the new entity, which will continue to be listed on NYSE American under the symbol AIRI. The merger is expected to close before June 30, 2026, subject to shareholder and regulatory approvals.
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Tenax Aerospace Acquisition and Air Industries Group announced a merger to combine Tenax's special mission aviation with Air's precision aerospace manufacturing. The merger will result in a company projected to have 2026 revenues exceeding $210 million and Adjusted EBITDA above $75 million.
Following the merger, Tenax shareholders will own approximately 95% of the combined entity, which will maintain its listing on NYSE American under the AIRI symbol. The transaction requires shareholder and regulatory approvals, with an expected closing before June 30, 2026. The combined company anticipates employing around 430 individuals.
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