Dépêches
CPI Aerostructures Signs New Lease Agreement
Dépèche transmise le 1 juillet 2011 par Business Wire
CPI Aerostructures Signs New Lease Agreement
EDGEWOOD, N.Y.--(BUSINESS WIRE)--CPI Aerostructures, Inc. (“CPI Aero”) (NYSE Amex: CVU) announced today that on June 30, 2011 it entered into a lease agreement, with Heartland Boys II L.P. for the premises located at 91 Heartland Boulevard, Edgewood, New York, directly across the street from CPI Aero’s current location. The approximate 171,000 square foot building will be used as the Company’s assembly facility, principal offices and corporate headquarters. CPI Aero intends to move all of its operations presently at 60 Heartland Boulevard, Edgewood, New York to the new facility by December 31, 2011. The term of the new lease commences on July 1, 2011 and expires on April 30, 2022.
Commenting Edward J. Fred, CPI Aero’s President & CEO, stated, “Our planned move into premises that are nearly three times the size of our current location is indicative of our expectations for continued growth in orders, customers, programs and of course revenue and profits over the coming years. Since the landlord of both properties is the same, our old lease has been amended and we no longer pay rent at the 60 Heartland Boulevard location, although we have use of it through year end as well as of the the new location immediately. We were able to negotiate attractive rental terms for the new location and we are pleased that it will cause no dislocation to our employees.”
About CPI Aero
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. CPI Aero also acts as a subcontractor to prime aircraft manufacturers in the production of commercial aircraft parts. 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, MH-53 and CH-53 variant helicopters, 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 fiscal year ended December 31, 2010 and form 10-Q for the quarter ended March 31, 2011.
CPI Aero is a registered trademark of CPI Aerostructures, Inc.
- 19/04 Friedrichshafen 2024 : le projet "Fly The North"
- 19/04 Friedrichshafen 2024 : Aura Aero présente pour la première fois ses trois appareils
- 19/04 Friedrichshafen 2024 : Duc Hélices présente son hélice Tiger-3
- 19/04 Friedrichshafen 2024 : Splash-in Aviation expose son Pétrel X
- 19/04 Friedrichshafen 2024 : Robin "toujours présent et pour longtemps"
- 19/04 Friedrichshafen 2024 : Beringer présente au salon
- 19/04Friedrichshafen 2024 : la FFPLUM dément le passage de tous les ULM 3 axes à 600kg
- 19/04 Friedrichshafen 2024 : visite d'un Pilatus PC-12 (photos)
- 17/04 Friedrichshafen 2024 : Cirrus Aircraft présente son SR G7
- 17/04 Friedrichshafen 2024 : Piper présente son M700 Fury
- 17/04 Friedrichshafen 2024 : Junkers dévoile son A50 Heritage
- 17/04 Friedrichshafen 2024 : la société E-Props présente au salon
- 17/04 Le 30e salon de Friedrichshafen a ouvert ses portes
- 15/04 Airbus : commandes et livraisons de mars 2024
- 15/04 easyJet renforce ses dessertes depuis la France vers Budapest
- 15/04 Vueling inaugure sa liaison entre Orly et Heathrow
- 12/04 British Airways ouvre les candidatures pour son programme cadets Speedbird Pilot Academy
- 12/04 Icelandair et Expedia annoncent un nouveau partenariat
- 12/04 Turkish Airlines : résultats 2023
- 12/04 easyJet annonce deux nouvelles lignes depuis Lyon