Cpi Aerostruct Stock Price, News & Analysis

CPI Aerostructures (NYSE American: CVU) reported challenging Q1 2025 financial results, with revenue declining to $15.4 million from $19.1 million in Q1 2024. The company posted a net loss of $(1.3) million, compared to a net income of $0.2 million in the prior year. The results were significantly impacted by a $2.1 million pre-tax loss on the A-10 Program due to higher manufacturing costs on a 2019 fixed-price contract. Excluding the A-10 Program impact, gross profit margin improved to 21.6% from 18.6% year-over-year. The company reduced its total debt to a record low of $16.7 million and maintained a Debt-to-Adjusted EBITDA ratio below 3.0 for the ninth consecutive quarter. CPI Aero ended Q1 with a strong backlog of $516 million, including new program awards from major aerospace companies.

CPI Aerostructures (NYSE American: CVU) has completed and delivered an Airborne Laser Mine Detection System (ALMDS) pod structure to Northrop Grumman, supporting a contract with Korea Aerospace Industries (KAI). This delivery is part of the Engineering, Manufacturing, and Design (EMD) phase of the Republic of Korea's Mine Countermeasures Helicopter program, set to complete in 2027.

The ALMDS technology rapidly detects, classifies, and localizes floating and near-surface moored mines, capable of untethered day/night operations. A potential follow-on order for Low-Rate Production of eight pods, worth approximately $3 million, may follow. CPI Aero has previously delivered 28 ALMDS Pod structures to Northrop Grumman - 24 for the U.S. Navy and 4 for the Japanese Maritime Self Defense Force since 2007.

CPI Aerostructures (CVU) reported its Q4 and full-year 2024 financial results. For FY2024, revenue decreased to $81.1 million from $86.5 million in 2023, while gross profit slightly increased to $17.2 million with improved gross margin of 21.3%. Net income was $3.3 million ($3.7 million excluding tax impact), with EPS of $0.26.

The company demonstrated operational improvements with reduced debt of $17.4 million (down from $20.1 million in 2023) and generated $3.6 million in cash from operations. The Debt-to-Adjusted EBITDA ratio reached 2.2, marking eight consecutive quarters below 3.0.

CPI Aero ended 2024 with a strong backlog of $510 million, including new program awards from L3Harris, Raytheon, and Embraer. The company maintains confidence in its long-term outlook despite lower year-over-year revenue.

CPI Aerostructures (CVU) has secured multiple funded orders worth $7 million for the overhaul and repair of outboard stabilator assemblies supporting the Sikorsky MH-60 SEAHAWK helicopter. These orders fall under a previously announced five-year indefinite delivery indefinite quantity (IDIQ) contract with Sikorsky.

The company has already delivered over 1,000 stabilators back into service for the Seahawk Helicopter fleet, demonstrating its core capabilities in airframe structural assembly, integration, supply chain management, and manufacturing engineering. This program is part of CPI Aero's strategic Repair & Overhaul business growth initiative.

CPI Aero operates as a U.S. manufacturer of structural assemblies for fixed wing aircraft, helicopters, and airborne Intelligence Surveillance and Reconnaissance pod systems, serving both commercial aerospace and national security markets as either a Tier 1 supplier to aircraft OEMs or a Tier 2 subcontractor.

CPI Aerostructures (NYSE American: CVU) announced it has received multiple contracts worth a total of $4.3 million for gunner window assemblies for the UH-60M Black Hawk helicopter from Sikorsky. These contracts fall under a previously announced five-year, indefinite delivery indefinite quantity (IDIQ) contract.

Since 2010, CPI Aero has delivered over 6,000 gunner window assemblies to Sikorsky, showcasing its commitment to quality and customer satisfaction. This new order reinforces CPI Aero's role in supporting the Black Hawk helicopter fleet.

CPI Aero is a U.S. manufacturer of structural assemblies for fixed-wing aircraft, helicopters, and airborne Intelligence Surveillance and Reconnaissance pod systems in both the commercial aerospace and national security markets. The company acts as a Tier 1 supplier to aircraft OEMs and a Tier 2 subcontractor to major Tier 1 manufacturers, in addition to being a prime contractor to the U.S. Department of Defense, primarily the Air Force. CPI Aero also provides engineering, program management, supply chain management, and MRO services.

CPI Aerostructures (CVU) has received authorization from Raytheon Technologies to begin manufacturing pod structures and air management system components for the Lot 4 Production phase of the Next Generation Jammer Mid-Band (NGJ-MB) program, with a maximum contract value of $33.4 million.

The NGJ-MB is an advanced offensive airborne electronic attack system designed for EA-18G and F/A-18E/F aircraft, with two pods required per EA-18G aircraft. The Lot 4 contract supports the production of 34 Pods, with deliveries scheduled to begin in the second half of 2025.

This follows previous production phases: LRIP 1 (July 2021), LRIP 2 (December 2021), and LRIP 3 (May 2023). The program achieved Milestone C in June 2021, confirming its readiness for production. CPI Aero reports delivering pods on or ahead of schedule for this critical U.S. Navy capability.

CPI Aerostructures has appointed Carey Bond as the new Chairman of its Board of Directors, effective immediately. Bond takes over from Terry Stinson, who steps down after six years to become Vice-Chairman, continuing his strategic input. Bond, who joined CPI Aero's Board in 2016 and served as Vice-Chairman, has extensive aerospace industry experience with executive roles at Sikorsky Aircraft, Bell Helicopter Textron, and other firms. He holds an MBA from Texas Christian University. CEO Dorith Hakim expressed confidence in Bond's leadership to strengthen CPI Aero's fundamentals and increase shareholder value.

CPI Aero is a U.S. manufacturer of structural assemblies for both commercial and military defense aerospace markets. It serves as a Tier 1 supplier to aircraft OEMs, a Tier 2 subcontractor to major Tier 1 manufacturers, and a prime contractor to the U.S. Department of Defense, primarily the Air Force. The company also offers engineering, program management, supply chain management, and MRO services.

CPI Aerostructures (NYSE American: CVU) has secured a contract worth up to $12.1 million from L3Harris Technologies to manufacture airborne pod structures for the Next Generation Jammer Low-Band (NGJ-LB) program. The contract supports L3Harris' delivery of operational prototype pods to the U.S. Naval Air Systems Command.

Deliveries will begin in 2025 and continue through 2027. The NGJ-LB pods, designed for the EA-18G Growler, will replace the AN/ALQ-99 Tactical Jamming System. The system features advanced processing, increased jamming capability, and a modular architecture for future upgrades. The program is scheduled to reach early operational capability in 2029.

CPI Aerostructures reported its Q3 2024 financial results, showing improved profitability despite slightly lower revenue. Q3 revenue was $19.4 million, down from $20.4 million in Q3 2023, while gross profit increased to $4.2 million with an improved margin of 21.7%. Net income rose to $0.7 million, with earnings per share of $0.06. The company reduced its debt by $2.7 million over the past year to $18.2 million, maintaining a Debt-to-Adjusted EBITDA ratio of 2.5. CPI Aero secured a new contract from L3Harris for the Next Generation Jammer Low Band Pod, adding to its $506 million backlog.