CPI Aerostructures, Inc. (“CPI Aero”) (NYSE American: CVU) announced that it has been awarded an approximate $1 million program from Sikorsky, a Lockheed Martin Company (NYSE: LMT), to manufacture a structural assembly used in the interior of Sikorsky helicopters. Work on the structural assemblies will begin immediately with first delivery in early 2019. The period of performance is expected to extend through 2021.
“CPI Aero, our management team and employees are very honored to have been selected to be a supplier on this program, our first contract for this aircraft. With more than a decade manufacturing critical structures and systems for Sikorsky helicopters, this award underscores our strong reputation for quality and performance,” said Douglas McCrosson, president and CEO of CPI Aero.