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CPI Aero Announces $1.8 Million Production Program Order from Major Aerospace Prime Contractor

Dépèche transmise le 21 septembre 2009 par Business Wire

CPI Aero Announces $1.8 Million Production Program Order from Major Aerospace Prime Contractor

EDGEWOOD, N.Y.--(BUSINESS WIRE)--CPI Aerostructures, Inc. (“CPI Aero®”) (NYSE Amex: CVU) announced today that it has received a purchase order from a leading global aerospace and defense company to produce aircraft structural assemblies, valued at $1.8 million. Work on this order will commence immediately and deliveries will run from April 2010 through September 2010.

CPI Aero has received five previous orders for this assembly from the same customer and is currently completing a contract that was awarded in July 2007.

Edward J. Fred, CPI Aero’s CEO and President, stated, “With this order, we have received contracts for this product totaling $6.2 million since 2004. We are extremely proud that our past performance has reinforced this customer’s confidence in CPI Aero, confirmed by this order and options to manufacture these assemblies for the next three years.”

About CPI Aero

CPI Aero is engaged in the contract production of structural aircraft parts for leading prime defense contractors, the U.S. Air Force, and other branches of the armed forces. In conjunction with its assembly operations, CPI Aero provides engineering, technical and program management services. Among the key programs that CPI Aero supplies are the UH-60 BLACK HAWK helicopter, the Sikorsky S-92 helicopter, the MH-60S mine countermeasure helicopter, the Gulfstream G650, C-5A Galaxy cargo jet, the T-38 Talon jet trainer, the A-10 Thunderbolt attack jet, and the E-3 Sentry AWACS jet. 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, 2008, and Form 10-Q for the quarters ended March 31, 2009 and June 30, 2009.

CPI Aero^® is a registered trademark of CPI Aerostructures, Inc.