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CPI Aero Wins Contract to Deliver Ring Assemblies for MH-53 and CH-53 Helicopters

CPI Aerostructures, Inc. (“CPI Aero®”) (NYSE Amex: CVU) announced today that it has received a contract from Sikorsky Aerospace Services valued at approximately $708,000 to provide rotary wing head ring assemblies for the MH-53 and CH-53 variant helicopters. Sikorsky Aerospace Services is the worldwide aftermarket division of Sikorsky Aircraft Corp., a subsidiary of United Technologies Corp. (NYSE: UTX).

The ring assembly connects the fairing to the helicopter’s main rotor hub. Delivery of these assemblies will begin in late 2010. The MH-53 and CH-53 helicopters are used for a variety of purposes including long-range search and rescue missions, long-range minesweeping or Airborne Mine Countermeasures (AMCM) missions and heavy lifting.

Edward J. Fred, CPI Aero’s President & CEO stated, “We are pleased with this award for many reasons. We have not performed MH-53 or CH-53 helicopter work before and we will gain experience on new platforms. In addition, this is the first award we have obtained from Sikorsky Aerospace Services, the aftermarket arm of Sikorsky.”

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