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CPI Aerostructures Receives Orders from Collins Aerospace for RF/EMI Shielded Enclosures
Globenewswire· 2026-03-12 12:00
Core Insights - CPI Aerostructures, Inc. has received follow-on orders from Hamilton Sundstrand for RF/EMI shielded enclosures, with deliveries expected to continue through mid-2027 [1] Company Overview - Compac Development Corporation, a wholly-owned subsidiary of CPI Aero, specializes in RF/EMI shielded enclosures and offers both standard and custom manufacturing solutions [2] - CPI Aero is a prime contractor to the U.S. Department of Defense and a Tier 1 subcontractor to major aerospace and defense contractors, providing a range of services including engineering and program management [4] Customer Relationships - The company has a long-standing relationship with Collins Aerospace, highlighting the trust placed in CPI Aero to deliver high-quality products [3]
CPI Aerostructures Receives Funded Orders from Sikorsky to Support MH-60 SEAHAWK Helicopter Sustainment
Globenewswire· 2026-03-09 12:00
Core Insights - CPI Aerostructures, Inc. has received funded orders totaling $4 million for the overhaul and repair of outboard stabilator assemblies for the Sikorsky MH-60 SEAHAWK helicopter, under a five-year IDIQ contract from Sikorsky [1] - The company emphasizes its core capability in repair and overhaul services, which is crucial for its growth in the Repair & Overhaul business, having delivered over 1,200 stabilators for the Seahawk Helicopter fleet [2] Company Overview - CPI Aero is a prime contractor to the U.S. Department of Defense and a Tier 1 subcontractor to major aerospace and defense contractors, providing engineering, program management, supply chain management, assembly operations, and MRO services [3] - The company is recognized as a leader in the international aerospace market, specializing in aircraft structural assemblies, military advanced tactical pod structures, engine air inlets, and complex welded products [3]
CPI Aerostructures Receives Follow-on Orders Totaling $6 Million for Airborne Pods from Raytheon
Globenewswire· 2026-03-03 13:00
Core Viewpoint - CPI Aerostructures, Inc. has secured funded orders totaling $6 million for Airborne Pods from Raytheon's Advanced Products & Solutions Strategic Business Unit, indicating a strong demand for its products and services in the aerospace sector [1][2]. Group 1: Company Developments - The funded orders include design and development of assembly tools, procurement of complex machine parts, assembly and integration of the pod structure, and required testing, with a not-to-exceed ceiling of $12 million [1]. - Manufacturing airborne pods is now a recognized core competency for CPI Aero, showcasing its expertise in structural assembly, supply chain management, and tool design [2]. Group 2: Market Position - CPI Aero serves as a prime contractor to the U.S. Department of Defense and a Tier 1 subcontractor to major aerospace and defense contractors, providing a range of services including engineering and program management [3]. - The company is acknowledged as a leader in the international aerospace market, particularly in areas such as aircraft structural assemblies and military advanced tactical pod structures [3].
CPI Aerostructures Receives $4.2M Order from Embraer for Engine Inlet Assemblies
Globenewswire· 2026-02-26 13:00
Core Viewpoint - CPI Aerostructures, Inc. has received additional orders totaling $4.2 million from Embraer S.A. for engine inlet assemblies for the Phenom 300 business jets, with deliveries expected to continue through mid-2026 [1]. Group 1: Company Performance and Orders - CPI Aero has been a supplier of engine inlets to Embraer since 2012, delivering over 940 shipsets for the Phenom 300 as of December 2025, showcasing its capabilities in structural assembly and integration, supply chain management, and quality assurance [3]. - The new orders from Embraer are part of a Life of Program Agreement, indicating ongoing support and funding for this contract [1]. Group 2: Industry Context - Embraer Executive Aviation's Phenom 300 has led its class with 72 units delivered in 2025, marking the highest delivery rate in 15 years, which suggests a positive production outlook into 2026 [2]. - CPI Aero is recognized as a leader in the international aerospace market, providing a range of services including engineering, program management, and assembly operations to a global customer base [4].
CPI Aerostructures Receives Additional Orders Worth $9M From Lockheed Martin for F-16 Structural Assemblies
Globenewswire· 2026-02-24 13:00
Core Insights - CPI Aerostructures, Inc. has received additional orders totaling $9 million from Lockheed Martin Aeronautics for the Rudder Island Drag Chute Canister assemblies for the F-16 Block 70/72 fighter jets, with deliveries expected to continue through 2028 [1][2] Group 1: Company Overview - CPI Aero delivered its first RI/DCC assembly for the F-16 Block 70/72 in June 2021 and was awarded a follow-on multi-year contract in 2023, with the recent award adding funding for additional quantities under the Indefinite Delivery, Indefinite Quantity contract [2] - The F-16 Fighting Falcon is recognized as the world's most advanced 4th-generation fighter aircraft, operating in over 29 countries, and CPI Aero supports Lockheed Martin's production line with critical structural assemblies [3] - CPI Aero is a prime contractor to the U.S. Department of Defense and a Tier 1 subcontractor to major aerospace and defense contractors, providing engineering, program management, supply chain management, assembly operations, and MRO services [4]
Why Did CPI Aerostructures (CVU) Shares Jump Over 17% In After-Hours Trading? - CPI Aerostructures (AMEX:CVU)
Benzinga· 2025-12-10 07:42
Core Insights - CPI Aerostructures Inc. shares increased by 17.52% in after-hours trading, reaching a price of $3.69 [1] Management Changes - CPI Aerostructures appointed Robert Mannix as Chief Financial Officer and Secretary, effective Tuesday [2] - Mannix has a background as Executive Vice President, Chief Accounting Officer, and Head of Tax and Treasury at West Technology Group LLC, and has held senior finance roles at Verint Systems Inc. and Motorola Inc. [2] - Mannix succeeds Pamela Levesque, who served as Interim CFO and Secretary [3] Compensation Details - Mannix's annual base salary is set at $300,000 [3] - Starting from fiscal 2026, he is eligible for a 40% target bonus and a 40% long-term incentive award, both based on his base salary and payable in restricted stock [3] Trading Performance - CPI Aerostructures' stock is down 27.15% year to date but has increased by 7.53% over the past six months [4] - The company has a market capitalization of $41.40 million, with a stock price range of $2.02 to $5.85 over the past year [4] - Current trading metrics indicate long-term consolidation with medium- and short-term upward movement [4]
CPI Aerostructures Appoints Robert Mannix as Chief Financial Officer
Globenewswire· 2025-12-09 22:15
Core Insights - CPI Aerostructures, Inc. has appointed Robert Mannix as the new Chief Financial Officer, succeeding Pamela Levesque, who will remain on the Board of Directors [1][5] Company Overview - CPI Aero is a prime contractor to the U.S. Department of Defense and a Tier 1 subcontractor to major aerospace and defense contractors, providing engineering, program management, supply chain management, assembly operations, and MRO services [6] - The company is recognized for its capabilities in aircraft structural assemblies, military advanced tactical pod structures, engine air inlets, and complex welded products, combining large-company capabilities with small-company value and responsiveness [6] Leadership Background - Robert Mannix brings over 30 years of experience in financial operations, including roles in accounting, financial reporting, audit and compliance, treasury, tax, and financial planning [2] - Prior to joining CPI Aero, Mannix held senior positions at West Technology Group and Verint Systems, and began his career at Ernst & Young [3][4]
CPI Aerostructures Announces Dorith Hakim's Appointment to the Aerospace Industry Association's Executive Committee
Globenewswire· 2025-12-05 13:00
Core Points - CPI Aerostructures, Inc. announced the appointment of Dorith Hakim to the Executive Committee of the Aerospace Industry Association (AIA), which advocates for the U.S. aerospace and defense industry [1][2] - AIA represents a wide range of member companies and focuses on legislative, policy, and technological issues, as well as developing standards for aerospace products [1] - Dorith Hakim emphasized the importance of small businesses in the aerospace sector, noting that CPI Aero represents 96% of AS9100 Series Certified Small Businesses with fewer than 500 employees [2] Company Overview - CPI Aero is a prime contractor to the U.S. Department of Defense and a Tier 1 subcontractor to major aerospace and defense contractors globally [3] - The company provides a range of services including engineering, program management, supply chain management, assembly operations, and MRO services [3] - CPI Aero is recognized for its capabilities in aircraft structural assemblies, military advanced tactical pod structures, engine air inlets, and complex welded products [3]
CPI Aerostructures Announces Dorith Hakim’s Appointment to the Aerospace Industry Association’s Executive Committee
Globenewswire· 2025-12-05 13:00
Core Insights - CPI Aerostructures, Inc. announced the appointment of Dorith Hakim to the Executive Committee of the Aerospace Industry Association (AIA), which advocates for the U.S. aerospace and defense industry [1][2] Group 1: Company Overview - CPI Aero is a prime contractor to the U.S. Department of Defense and a Tier 1 subcontractor to major aerospace and defense contractors globally [3] - The company provides a range of services including engineering, program management, supply chain management, assembly operations, and MRO services [3] - CPI Aero is recognized for its capabilities in aircraft structural assemblies, military advanced tactical pod structures, engine air inlets, and complex welded products [3] Group 2: Industry Representation - Dorith Hakim emphasized the importance of representing CPI Aero, which is part of 96% of AS9100 Series Certified Small Businesses with fewer than 500 employees, in shaping policy alongside larger Prime/OEM A&D companies [2]
CPI Aerostructures Awarded Lot 5 Production Contract of Next Generation Jammer Mid-Band Program by Raytheon Technologies
Globenewswire· 2025-11-20 13:00
Core Points - CPI Aerostructures, Inc. has received a contract from Raytheon for the manufacturing of Pods and Air Management Systems valued at up to $42.3 million, with initial funding of $21.1 million [1] - The contract is part of the Lot 5 Production phase for the Next Generation Jammer Mid-Band (NGJ-MB) program, with deliveries expected to begin in 2027 [1][2] - The NGJ-MB system is designed to enhance capabilities in disrupting enemy air defense and ground communication systems, replacing the legacy ALQ-99 Tactical Jamming System [2] - CPI Aero is recognized for its performance in delivering the NGJ-MB Pods and Air Management Systems on or ahead of schedule, highlighting the critical need for this capability as communicated by the U.S. Navy and Raytheon [3] - CPI Aero serves as a prime contractor to the U.S. Department of Defense and a Tier 1 subcontractor to major aerospace and defense contractors, providing a range of services including engineering and program management [4]