CPI Aerostructures, Inc. (“CPI Aero®”) (NYSE American:CVU) announced today that it has received an amendment to an indefinite-delivery/indefinite-quantity (IDIQ) contract from Bell Helicopter, a Textron Inc. (NYSE: TXT) company, for the manufacture of engine cowl assemblies and support assemblies for the AH-1Z Viper attack helicopter. The contract amendment extends the period of performance by one year and is valued at $3.8 million. The IDIQ contract, previously announced by CPI Aero in January 2017, now has a potential value of $18.6 million based on the estimated order quantity during the period of performance ending December 31, 2021. CPI Aero has manufactured such assemblies for the AH-1Z Viper since 2011.
The AH-1Z Viper is a twin-engine attack helicopter used by the United States Marine Corps. The AH-1Z program reached initial operational capability in September 2010 and began full-rate production in December 2010. In May 2016, Bell Helicopter was awarded a contract that included 16 AH-1Z helicopters as part of the Marine Corps’ H-1 Program of Record, which calls for the acquisition of a total of 189 AH-1Z Vipers and 160 UH-1Y “Venom” utility helicopters.
The Bell AH-1Z Viper is among the world’s most lethal anti-armor attack helicopter, capable of carrying the widest array of ordnance of any helicopter in the world. Target identification is crucial in the modern battlefield, and the Bell AH-1Z’s Target Sight System provides the longest range and highest accuracy of any helicopter sight available, as it allows the operators of the AH-1Z to identify and track multiple targets outside the enemy’s ability to visually detect the Viper. Unlike other attack helicopters, the AH-1Z Viper has integrated air-to-air strike capability in addition to superior air-to-ground anti-armor performance. This capability set makes the AH-1Z the ideal platform to meet the requirements of land warfare scenarios in any of the potential hot spots around the world.
- Rolls-Royce awarded $31M contract for procurement of 14 AE1107C engines for V-22 Ospreys
- Wiltshire Air Ambulance break-in new helipad
- AHS International Announces 2018 Individual Award Recipients
- New Research on the Global Military Helicopter MRO Market
- New ultralight Micron helicopter to be on display at HeliRussia 2018
- Aspen Avionics and Sensurion Aerospace Team Up
- Mid-Continent Instruments and Avionics Director Joins AEA Board
- Bell awarded $10M contract for Procurement of 3 B407 Airframes
- Sacramento PD Becomes First Law Enforcement Agency to Operate Bell 505
- US Air Force delivers new Black Hawks to 12th CAB
- CAE wins contract to provide Qatar Emiri Air Force with comprehensive NH90 training solution
- HMLA-367 bids farewell to AH-1W Super Cobra helicopters
- Canadian AvGas supply problem partly resolved
- First show of the new Russian light helicopter to take place at HeliRussia 2018
- Milestone Aviation provides four new H135 helicopters to ADAC
- Oceania Aviation receives award from MD Helicopters
- New mission systems extend the capabilities for the German Federal Police Air Support
- Honeywell provides support to AW139 Leonardo fleets
- Trakka announces SWE-400 Quad Orders
- 4 Key Helicopter Technologies That Will Save Lives