CPI Announces $755,000 Military Contract Award | CVU Message Board Posts

CPI Aerostructures, Inc

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Msg  8 of 12  at  7/12/2007 12:43:03 PM  by


CPI Announces $755,000 Military Contract Award

CPI Aerostructures Announces $755,000 Military Contract Award
Thursday July 12, 8:40 am ET
Year-To-Date Contract Awards Total $9.4 Million

EDGEWOOD, N.Y.--(BUSINESS WIRE)--CPI Aerostructures, Inc. ("CPI Aero") (AMEX: CVU - News) announced today that it has been awarded a $755,000 contract to provide Hill Air Force Base ("Hill") with 75 leading edge assemblies for the horizontal stabilizer for the A-10 "Thunderbolt" attack jet.
Edward J. Fred, CPI Aero's CEO and President, stated, "Hill has been a wonderful customer for CPI Aero over the years, and with this award, the tradition of providing top quality products to this premier depot maintenance unit continues. We have been producing A-10 structural parts since 1995, and we are delighted to add these assemblies to the list of parts we supply to this customer. With this award, our year-to-date contract awards total $9.4 million, compared to $8.1 million at this time last year. Included in last year's award amount was a $5.0 million release on our C-5 TOP contract."

CPI Aero is engaged in the contract production of structural aircraft parts for the U.S. Air Force, other branches of the armed forces and leading prime defense contractors. 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 C-5A Galaxy cargo jet, the T-38 Talon jet trainer, the A-10 Thunderbolt attack jet, the E-3 Sentry AWACS jet, UH-60 Black Hawk helicopter, the Sikorsky S-92 helicopter, and the MH-60S mine countermeasure helicopter.

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, 2006 and Form 10-Q for the quarter ended March 31, 2007.

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