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CPI Aero Receives New Purchase Order for Aircraft Structural Assemblies

Jul 1 2010

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CPI Aerostructures, Inc. (“CPI Aero®”) (NYSE Amex: CVU) announced today that it has received a purchase order from a leading global aerospace and defense company to produce aircraft structural assemblies, valued at $3.2 million.

Work on this order will commence immediately and deliveries are scheduled to occur over a twelve month period beginning in early 2011.

CPI Aero has received six previous orders for this assembly from the same customer and is currently completing a contract that was awarded in September 2009.

Edward J. Fred, CPI Aero’s CEO and President, stated, “With this order, we have received contracts for this product totaling $9.4 million since 2004. We are extremely proud that our past performance has reinforced this customer’s confidence in CPI Aero, which has led to this new order.”

Source:

http://www.cpiaero.com/

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