Jun 11 2010
CPI Aerostructures, Inc. (“CPI Aero®”) (NYSE Amex: CVU) announced today that it has received a contract from Sikorsky Aerospace Services valued at $1.2 million to provide tow assemblies for the MH-53E “Sea Dragon” helicopter. Delivery of these assemblies, which will be used as spares, will begin in late 2010. Sikorsky Aerospace Services is the worldwide aftermarket division of Sikorsky Aircraft Corp., a subsidiary of United Technologies Corp. (NYSE: UTX).
The MH-53E “Sea Dragon” helicopter is a carrier-based, and other warship-based, aircraft and fills the United States Navy’s need for long range minesweeping or Airborne Mine Countermeasures (AMCM) missions.
MH-53E “Sea Dragon” helicopter
The Sea Dragon, one of the U.S. military’s largest helicopters, is capable of towing a variety of minesweeping countermeasures systems, including the MK 105 minesweeping sled, the ASQ-14 side-scan sonar, and the MK 103 mechanical minesweeping system. The assembly to be manufactured by CPI Aero is an electro-mechanical device used to operate the aircraft’s tow boom.
Edward J. Fred, CPI Aero’s President & CEO stated, “We are excited to receive this second award from Sikorsky Aerospace Services on the heels of the recently announced MH-53/CH-53 helicopter ring assembly order. Similar to our Sikorsky contract to build Penguin Missile Launcher assemblies, this is an example of our expansion of product offerings to include complex mechanical systems that integrate structural assemblies with sub-system installation.”