CPI Aerostructures Subsidiary WMI Receives $4 Million in New Orders From Northrop Grumman for Welded Assemblies and Tubes for...
05 Février 2020 - 4:30PM
CPI Aerostructures, Inc. (NYSE American: CVU) today announced that
its Welding Metallurgy, Inc. subsidiary (WMI) has been awarded
purchase orders totaling $4 million from Northrop Grumman
Corporation (NYSE:NOC) for welded structure and tube assemblies for
the E- 2D Advanced Hawkeye (E-2D) aircraft. Under the terms of the
purchase orders, WMI will manufacture more than 140 different items
in support of the production of at least 25 E-2D aircraft. The
period of performance is expected to be through 2022 with first
deliveries commencing in early 2020.
About CPI Aero CPI 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, 2017, and Form
10-Q for the three-month period ended March 31, 2018, June 30,
2018, and September 30, 2018.
CPI Aero® is a registered trademark of CPI
Aerostructures, Inc. For more information, visit www.cpiaero.com,
and follow us on Twitter @CPIAERO.
Contacts: |
|
|
Dan AzmonChief Financial
OfficerCPI Aero(631) 586-5200www.cpiaero.com |
Investor Relations
Counsel:LHASanjay M. Hurry/Jody Burfening(212)
838-3777cpiaero@lhai.comwww.lhai.com |
*NAVAIR public release, SPR-2019-664.
Distribution Statement A, approved for public release, distribution
is unlimited.
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