20-Apr-2023 Source: CPI Aerostructures
CPI Aerostructures, Inc. (“CPI Aero®” or the “Company”) (NYSE American: CVU) announced that it has received follow-on orders for complex welded structural assemblies used on a U.S. military helicopter from a current customer valued at approximately $3.6 million. Deliveries are expected to occur through mid-2024.
“These follow-on orders demonstrate our customer’s continued confidence in CPI’s ability to consistently perform complex, tight tolerance, fusion welding on critical structural assemblies while effectively managing our supply chain. We are proud to be a part of the Defense Industrial Base and the role we play in support of National Security,” stated Dorith Hakim, President and CEO of CPI Aero.