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CPI Aero Announces Release of C-5 Top Order Valued at $7.9 Million

Dépèche transmise le 14 mars 2011 par Business Wire

CPI Aero Announces Release of C-5 Top Order Valued at $7.9 Million

EDGEWOOD, N.Y.--(BUSINESS WIRE)--CPI Aerostructures, Inc. (“CPI Aero®”) (NYSE AMEX: CVU) today announced that the U.S. Air Force has released a new order under CPI Aero’s C-5 TOP contract for a variety of spoilers and wing tips valued at approximately $7.9 million. Orders under this program, including this $7.9 million order, have totaled $44.9 million since the inception of the contract.

This award brings the total new year-to-date awards for CPI Aero from all customers to $30.0 million, compared to $4.5 million for the same period of 2010.

CPI Aero is engaged in the contract production of structural and other 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 E-2D Hawkeye surveillance aircraft, the UH-60 BLACK HAWK helicopter, the S-92® helicopter, the MH-60S mine countermeasure helicopter, the Gulfstream G650, C-5A Galaxy cargo jet, 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, 2010.

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