CPI Aerostructures Named Aviation Week Program Excellence Award Finalist
October 10 2019 - 8:40AM
CPI Aerostructures, Inc. (“CPI Aero®”) (the “Company”) (NYSE
American: CVU) today announced that it has been named a finalist
for Aviation Week Network’s Program Excellence Award in the
supplier system design category. The nomination recognizes the
Company’s work on the Next Generation Jammer Mid-Band (NGJ-MB) it
performs for Raytheon Company, the prime contractor for the U.S.
Navy NGJ-MB Program.
NGJ-MB is a high-capacity and power airborne
electronic attack weapon system for the EA-18G Growler designed to
protect air forces by denying, degrading, and disrupting threat
radars and communication devices. The CPI Aero NGJ-MB team, under
the leadership of Sr. Program Manager Derick Martin, manufactures
the NGJ-MB pod structure, air management system components, and
installs various sub-systems prior to delivery to
Raytheon.
Douglas McCrosson, President and CEO of CPI Aero,
stated, “We are very pleased to be recognized among the best of the
best programs in the defense and aerospace industry and are proud
to be named a finalist again this year. I want to congratulate
Derick and his incredibly talented team on this honor that stands
as testament to the expertise, experience, and hard work they bring
to bear on behalf of CPI Aero. We are especially proud to be the
only small business finalist, honored alongside the best-known
aerospace companies in the world, many of which are also our
customers.”
Developed in 2004, the Aviation Week Program
Excellence Awards were created in response to repeated concerns
about the complexity and difficulty associated with managing and
leading the aerospace and defense programs that make up the
industry's work.
Finalists for the 2019 Aviation Week Program
Excellence Awards were selected by a panel of experts in program
leadership and performance from industry, government and academia.
For the 2019 Program Excellence Awards, all 23 finalists, across 7
categories, exemplified the best in creating value, adapting to
complexity, team effectiveness and producing results. CPI Aero’s
NGJ-MB program and Northrop Grumman’s Missile Defense Agency Threat
Modeling Center are the two finalists in the Supplier System Design
category. The winners will be announced at the DefenseChain
Conference and Program Excellence Awards Banquet to be held October
22-23, 2019 in McLean, Virginia.
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, 2018, and Form
10-Q for the three-month periods ended March 31, 2019 and June 30,
2019.
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:LHA
Investor RelationsJody Burfening/Sanjay M. Hurry(212)
838-3777cpiaero@lhai.comwww.lhai.com |
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