CPI Aerostructures Receives $4.4M Order From Embraer for Engine Inlet Assemblies
October 26 2022 - 3:05PM
CPI Aerostructures, Inc. (“CPI Aero” or the “Company”) (NYSE
American: CVU) announced that Embraer S.A. of Brazil (NYSE: ERJ)
has placed several orders against a previously announced Long Term
Agreement to manufacture engine inlet assemblies for the Embraer
Phenom 300 business jets. These new orders will see deliveries
continue through 2023.
“CPI Aero is proud to be part of the successful
Phenom 300 program. Having produced inlet assemblies on this
program for over 10 years, we have earned Embraer’s confidence in
our capabilities and, based on the strong demand for the Phenom 300
business jet, we fully expect to continue serving this important
customer beyond 2023,” stated Dorith Hakim, CPI Aero’s CEO &
President.
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.
Forward-looking StatementsThis
press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
All statements, other than statements of historical fact, included
or incorporated in this press release are forward-looking
statements. Forward-looking statements involve risks and
uncertainties, and actual results could vary materially from these
forward-looking statements. The Company does not guarantee that it
will actually achieve the plans, intentions or expectations
disclosed in its forward-looking statements and you should not
place undue reliance on the Company’s forward-looking
statements.
There are a number of important factors that
could cause the Company’s actual results to differ materially from
those indicated or implied by its forward-looking statements,
including those important factors set forth under the caption “Risk
Factors” in the Company’s Annual Report on Form 10-K for the period
ended December 31, 2021 and the Company’s subsequent filings with
the Securities and Exchange Commission. Although the Company may
elect to do so at some point in the future, the Company does not
assume any obligation to update any forward-looking statements and
it disclaims any intention or obligation to update or revise any
forward-looking statement, whether as a result of new information,
future events or otherwise.
CPI Aero® is a registered trademark of CPI
Aerostructures, Inc. For more information, visit www.cpiaero.com,
and follow us on Twitter @CPIAERO.
Contacts: |
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Investor Relations Counsel |
CPI Aerostructures, Inc. |
LHA Investor Relations |
Andrew L. Davis |
Jody Burfening |
Chief Financial Officer |
(212) 838-3777 |
(631)586-5200 |
cpiaero@lhai.com |
www.cpiaero.com |
www.lhai.com |
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