CPI Aerostructures, Inc. Delivers First Pod Structure of Latest Production Contract for Next Generation Jammer Mid-Band Program to Raytheon [Yahoo! Finance]
CPI Aerostructures, Inc. (CVU)
NASDAQ:AMEX Investor Relations:
cpiaero.com
Company Research
Source: Yahoo! Finance
EDGEWOOD, N.Y., July 08, 2024 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®” or the “Company”) (NYSE American: CVU) announced today that it shipped the first Low Rate Initial Production 3 (LRIP 3) pod structure to RTX Corporation as authorized under a previously announced contract award with a maximum value of $32.6 million. Pod structure deliveries on LRIP 3 are expected through mid-2025 after which CPI Aero anticipates transitioning to Lot 4 deliveries. In addition to the pod structures, CPI Aero produces air management system (AMS) components integral to the Next Generation Jammer Mid-Band (NGJ-MB) program. “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 d
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CVU
News
- CPI Aerostructures Appoints Philip Passarello to Leadership Team as Chief Financial OfficerGlobeNewswire
- CPI Aerostructures Reports Second Quarter and Six Month 2024 ResultsGlobeNewswire
- CPI Aerostructures, Inc. and MST Manufacturing Sign Long Term Agreement [Yahoo! Finance]Yahoo! Finance
- CPI Aerostructures, Inc. and MST Manufacturing Sign Long Term AgreementGlobeNewswire
- CPI Aerostructures, Inc. Delivers First Pod Structure of Latest Production Contract for Next Generation Jammer Mid-Band Program to RaytheonGlobeNewswire
CVU
Sec Filings
- 8/28/24 - Form 3
- 8/28/24 - Form 4
- 8/26/24 - Form 4
- CVU's page on the SEC website