"Last year, CPI successfully delivered 20 NGJ-MB pod structures and associated AMS components, demonstrating our ability to ramp up and meet the Low Rate Initial Production. Today's announcement is evidence of our continued commitment to RTX Corporation and the U.S. Navy for this critical program, as we continue to support our customer and the warfighter needs by delivering on or ahead of schedule," stated Dorith Hakim, president and CEO of CPI Aero. This press release contains forward-looking statements wi ...

EDGEWOOD, N.Y., June 20, 2024 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (NYSE:CVU) ("CPI Aero" or "Company"), today announced a settlement with the Securities and Exchange Commission (the "SEC" or "Commission") related to the Company's previously announced restatements of certain of its financial statements for fiscal periods between January 1, 2018 and December 31, 2022. The Company has undertaken to fully remediate its material weakness in internal control over financial reporting ("ICFR") and have eff ...

Forward-looking Statements "We are proud to be part of the successful Phenom 300 program. Earlier this year we delivered our 800th shipset of Phenom 300 Engine Inlets to Embraer. These follow-on orders are a testimony of CPI Aero team's performance that continues to deliver high quality inlets to this long standing customer, demonstrating our strength in structural assembly & integration in the aerospace industry," stated Dorith Hakim, CPI Aero's CEO & President. Forward-looking statements involve risks and ...

EDGEWOOD, N.Y., June 05, 2024 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. ("CPI Aero®" or the "Company") (NYSE:CVU) announced that it has received follow-on orders for complex welded structural assemblies used on a U.S. military helicopter from a current customer valued at approximately $1.3 million. Deliveries are expected to occur through mid-2025. "CPI Aero has a long history providing critical components and assemblies in support of fixed and rotary wing aircraft for the U.S. Defense and Allied Forces. ...

CPI AEROSTRUCTURES REPORTS FIRST QUARTER 2024 RESULTS CPI AEROSTRUCTURES, INC. 8-K First Quarter 2024 vs. First Quarter 2023 Exhibit 99.1 EDGEWOOD, N.Y. – May 15, 2024 – CPI Aerostructures, Inc. ("CPI Aero" or the "Company") (NYSE American: CVU) today announced financial results for the three month period ended March 31, 2024. "As anticipated, our first quarter 2024 revenue was 13% lower than first quarter 2023, driven primarily by the completion of deliveries of Raytheon's Next Generation Jammer ("NGJ") Mi ...

First Quarter 2024 vs. First Quarter 2023 EDGEWOOD, N.Y., May 15, 2024 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. ("CPI Aero" or the "Company") (NYSE:CVU) today announced financial results for the three month period ended March 31, 2024. "As anticipated, our first quarter 2024 revenue was 13% lower than first quarter 2023, driven primarily by the completion of deliveries of Raytheon's Next Generation Jammer ("NGJ") Mid Band Pods LRIP 2 in 2023. In addition, gross profit decreased by 260 basis points due t ...

The condensed consolidated interim financial statements of the Company as of March 31, 2024 and for the three months ended March 31, 2024 and 2023 have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC"). Certain information and notes normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States of America ("U.S. GAAP") have been condensed or omitted pursuant to those rules and regulations ...

Fourth Quarter 2023 vs. Fourth Quarter 2022 Revenue of $23.5 million compared to $24.1 million;Gross profit of $4.1 million compared to $3.9 million;Gross margin of 17.4% compared to 16.1%;Net income of $14.8 million compared to net income of $6.8 million;Earnings per share of $1.20 ($0.09 excluding the fourth quarter 2023 deferred tax asset valuation allowance reduction of $1.11) compared to earnings per share of $0.55 ($0.03 excluding the fourth quarter 2022 deferred tax asset valuation allowance reductio ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 Commission file number 1-11398 CPI AEROSTRUCTURES, INC. (Exact name of registrant as specified in its charter) incorporation or organization) Identification No.) New York 11-2520310 (State or other jurisdiction of (I.R.S. Employer 91 Heartland Blvd., Edgewood, New York 11717 (Address of principal exe ...

Commission File Number: 1-11398 Part I - Financial Information Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐ 4 Title of each class Trading symbol(s) Name of each exchange on which registered Common stock, $0.001 par value per share CVU NYSE American UNITED STATES S ...