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.
- 30/05 Meeting Cerny-La Ferté-Alais 2023 : 40 000 personnes pour la 50e édition
- 30/05 easyJet annonce 7 nouvelles lignes pour l’hiver 2023
- 30/05 Corsair annonce son programme été 2023
- 30/05 Icelandair s’envole vers Detroit
- 30/05 Air Canada rétablit sa liaison sans escale entre Lyon et Montréal
- 30/05 Scoot choisit l'Embraer E190-E2
- 30/05 Atlantic Airways se lance vers New York
- 29/05 Qatar Airways et Air Seychelles signent un accord de partage de codes
- 29/05 Norse Atlantic Airways se renforce avec Easyjet, Norwegian et Spirit
- 29/05 Rolls-Royce annonce les premiers essais du démonstrateur UltraFan
- 29/05 Korean Air dévoile une livrée en hommage à ses employés
- 29/05 Vueling exploitera 278 lignes cet été, dont 51 en France
- 29/05 Meeting Cerny-La Ferté-Alais 2023 : hommage à Bernard Chabbert
- 29/05 Meeting Cerny-La Ferté-Alais 2023 : L'armée de terre fait également sensation
- 29/05 Meeting Cerny-La Ferté-Alais 2023 : démonstration de la Turbulent Display Team (photos)
- 28/05 Meeting Cerny-La Ferté-Alais 2023 : première démonstration du Stampe SV4-RS (photos)
- 28/05 Meeting Cerny-La Ferté-Alais 2023 : le F-16 belge fait sensation (photos)
- 27/05 La 50e édition du meeting de Cerny - La Ferté Alais ouvre ses portes.
- 26/05Meeting Cerny-La Ferté-Alais 2023 : programme des vols (mise à jour du 26/05/2023)
- 26/05 Emirates dévoile une livrée spéciale pour la coupe du monde de rugby 2023