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Stock impact report

CPI Aerostructures, Inc. and MST Manufacturing Sign Long Term Agreement

CPI Aerostructures, Inc. (CVU) 
NASDAQ:AMEX Investor Relations: cpiaero.com
Company Research Source: GlobeNewswire
FARNBOROUGH, United Kingdom, July 22, 2024 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®” or the “Company”) (NYSE American: CVU) announced today that it has signed a Long Term Agreement (“LTA”) with MST Manufacturing (“MST”) during the international air show in Farnborough, UK, for the supply of components in support of its aerostructures production. This LTA will cover CPI Aero’s requirements from MST through the end of calendar year 2027. “We’ve had a strong relationship with MST and, are excited about this LTA, which is a reflection of their performance as a critical supplier to CPI Aero, and provides a foundation for additional business,” stated Dorith Hakim, president and CEO of CPI Aero. Kenneth Statton, CEO & founder of MST added, “We value our relationship with CPI Aero and are excited about this next chapter in our journey together. MST and CPI Aero make a good team and I am confident that we will be able to support them with this LTA and much more for year Show less Read more
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