Posted in | News | Business | Aerospace Materials

Spirit AeroSystems Orders G650 Aircraft Wing Leading Edges from CPI Aero

Nov 3 2010

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CPI Aerostructures, Inc. ("CPI Aero®") (NYSE Amex:CVU) today announced that it has received new purchase orders from Spirit AeroSystems, Inc. (“Spirit”) for wing leading edge assemblies for the Gulfstream G650 aircraft. In March 2008, Spirit and CPI Aero entered into a long term agreement to provide Spirit with leading edges for the wing of the Gulfstream G650 business jet.

Spirit designs and manufactures the G650 wing for Gulfstream Aerospace Corporation.

Edward J. Fred, CPI Aero's CEO and President, stated, "We are proud of our performance on this program and are excited about this follow on order. As we continue to demonstrate our assembly capabilities to Spirit, we hope to be considered for additional opportunities for assemblies on this platform."

This award brings the total new year-to-date awards for CPI Aero from all customers to $57.4 million, compared to $23.4 million for all of 2009. New awards now exceed the $55.3 million record set in 2008.

Source:

http://www.cpiaero.com/

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