CPI Aerostructures Awarded $1 Million Order for Pod Structural Housings
September 12 2018 - 7:00AM
CPI Aerostructures, Inc. (“CPI Aero®”) (NYSE American: CVU)
announced today that it has received a purchase order valued at
approximately $1 million from a leading global aerospace and
defense company for the manufacture of pod structural housing
assemblies. Work on this order will commence immediately and
continue through the end of 2019.
CPI Aero has received several previous orders for this assembly
totaling approximately $18 million since 2004 from the same
customer and recently completed a contract that was awarded in
2016.
About CPI Aero CPI Aero is a U.S. manufacturer
of structural assemblies for fixed wing aircraft, helicopters and
airborne Intelligence Surveillance and Reconnaissance pod systems
in both the commercial aerospace and national security markets.
Within the global aerostructure supply chain, CPI Aero is either a
Tier 1 supplier to aircraft OEMs or a Tier 2 subcontractor to major
Tier 1 manufacturers. CPI also is a prime contractor to the U.S.
Department of Defense, primarily the Air Force. In conjunction with
its assembly operations, CPI Aero provides engineering, program
management, supply chain management, and MRO services. CPI Aero is
included in the Russell Microcap® Index.
The above statements include forward looking statements that
involve risks and uncertainties, which are described from time to
time in CPI Aero's SEC reports, including CPI Aero's Form 10-K for
the year ended December 31, 2017, and Form 10-Q for the three-month
periods ended March 31, 2018 and June 30, 2018.
CPI Aero® is a registered trademark of CPI Aerostructures, Inc.
For more information, visit www.cpiaero.com, and follow us on
Twitter @CPIAERO.
Contact:
Vincent
Palazzolo |
Investor Relations
Counsel: |
Chief Financial
Officer |
LHA |
CPI Aero |
Jody Burfening/Sanjay
M. Hurry |
(631) 586-5200 |
(212) 838-3777 |
www.cpiaero.com |
cpiaero@lhai.com |
|
www.lhai.com |
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