CPI Aerostructures Awarded Contract From Sikorsky
January 28 2019 - 8:00AM
CPI Aerostructures, Inc. (“CPI Aero”) (NYSE American: CVU)
announced today that it has been awarded an approximate $1 million
program from Sikorsky, a Lockheed Martin Company (NYSE: LMT),
to manufacture a structural assembly used in the interior of
Sikorsky helicopters. Work on the structural assemblies will
begin immediately with first delivery in early 2019. The
period of performance is expected to extend through 2021.
“CPI Aero, our management team and employees are very honored to
have been selected to be a supplier on this program, our first
contract for this aircraft. With more than a decade manufacturing
critical structures and systems for Sikorsky helicopters, this
award underscores our strong reputation for quality and
performance,” said Douglas McCrosson, president and CEO of CPI
Aero.
About CPI AeroCPI 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 Forms 10-Q for the
three-month periods ended March 31, 2018, June 30, 2018, and
September 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 PalazzoloChief
Financial OfficerCPI Aero(631) 586-5200www.cpiaero.com
|
Investor Relations
Counsel:LHAJody Burfening/Sanjay M. Hurry(212)
838-3777cpiaero@lhai.comwww.lhai.com |
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