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CPI Aerostructures, Inc. manufactures structural aircraft assemblies and related aerospace systems for defense and commercial programs. The company operates as a prime contractor to the U.S. Department of Defense and as a Tier 1 subcontractor to aerospace and defense OEMs, providing engineering, program management, supply chain management, assembly operations and MRO services.
Recurring developments include funded orders and follow-on awards for military aircraft structures, airborne pod structures, engine inlet assemblies, RF/EMI shielded enclosures and repair-and-overhaul work. Company updates also address quarterly and annual results, backlog execution, customer programs with contractors such as Lockheed Martin/Sikorsky, RTX/Collins Aerospace, Raytheon, Northrop Grumman and Embraer, and governance or finance leadership changes.
CPI Aerostructures (NYSE American: CVU) reported strong year‑over‑year improvements for the quarter and six months ended June 30, 2026. Second‑quarter revenue rose to $17.6 million from $15.2 million, with gross profit increasing to $3.9 million from $0.7 million and gross margin expanding to 22.0% from 4.4%. The company generated net income of $0.7 million versus a $1.3 million loss a year earlier, and diluted EPS improved to $0.05 from a loss of $(0.10). Adjusted EBITDA reached $1.4 million compared with $(1.7) million.
For the first six months of 2026, revenue was $34.9 million versus $30.6 million, with net income of $1.9 million compared to a $(2.6) million loss and EPS of $0.15 versus $(0.21). Adjusted EBITDA was $3.5 million versus $(2.5) million. CPI Aero reported a total backlog of $533 million, including $62 million in 2026 contract awards and more than $100 million of funded remaining performance obligations. Total assets were $78.7 million, total liabilities $50.6 million, and shareholders’ equity $28.1 million as of June 30, 2026.
CPI Aero (NYSE American: CVU) announced a fully definitized $15 million contract for Airborne Pods from an undisclosed customer. This award raises the customer’s total pod orders to 90 and increases the program’s total funded value to $43.5 million, with deliveries extending through 2028.
The scope of work covers tooling design, procurement of complex machined parts and components, full pod assembly and integration, and testing. According to CPI Aero, this program supports the Aerosystems Segment’s airborne pod portfolio and contributes to a total backlog of $495 million, including over $95 million funded.
CPI Aerostructures (NYSE American: CVU) received a fully definitized contract from L3Harris Technologies valued at $13.6 million to deliver airborne pod structures for the Next Generation Jammer Low Band (NGJ-LB)/b) program. The prior undefinitized contract action had a not-to-exceed value of $12.1 million.The contract supports L3Harris’ delivery of operational prototype pods and additional test assets to U.S. Naval Air Systems Command for EA-18G Growler aircraft. CPI Aero has already delivered the first Test Article and is providing DFMA engineering support. According to the company, its total funded and unfunded backlog is approximately $495 million.
CPI Aero (NYSE American: CVU) received new U.S. Air Force purchase orders totaling $8.3 million under an existing IDIQ contract for T-38 aircraft structural modification kits and sustainment services.
These awards raise the contract’s funded value to $69 million through 2028. CPI Aero reports a funded backlog above $95 million and total backlog of $495 million.
CPI Aero (NYSE American: CVU) received a life-of-program supply agreement from Embraer to manufacture engine air inlet assemblies for the Phenom 100EX business jet. Production will supplement CPI’s existing Phenom 300E inlet program, where it has delivered over 1,900 inlets.
First Phenom 100EX inlet assemblies were delivered in May 2026. CPI reports a funded backlog above $95 million, unfunded backlog of $400 million, and total backlog of $495 million across its programs.
CPI Aerostructures (NYSE American: CVU) announced that subsidiary Welding Metallurgy (WMI) received follow-on orders from Northrop Grumman (NYSE: NOC) for more than 20 complex welded assemblies for the E-2D Advanced Hawkeye, with deliveries through 2028.
CPI Aero highlights NADCAP-certified welding capabilities across multiple metals and a diversified OEM customer base. The company reports a funded backlog above $95 million, unfunded backlog of $400 million, and total backlog of $495 million.
CPI Aerostructures (NYSE American: CVU) reported strong Q1 2026 results with revenue of $17.4 million, up from $15.4 million. Gross profit rose to $4.5 million and margin to 25.8%. Net income was $1.2 million versus a $(1.3) million loss, EPS $0.10 versus $(0.10).
Adjusted EBITDA was $2.1 million, compared to $(0.8) million, which CPI Aero describes as 53% growth excluding A-10 Program impact. The company highlighted a total backlog of $495 million and began preparations for previously announced missile production work.
CPI Aerostructures (NYSE: CVU) reported Q4 2025 revenue of $19.4M and full‑year 2025 revenue of $69.3M, down from $21.8M and $81.1M respectively. Full‑year net loss was $0.8M and backlog ended at $505M. The company cited the A‑10 program termination impact and refinanced debt with Western Alliance Bank, extending maturity to December 2030 and lowering its interest rate to improve financial flexibility.
CPI Aerostructures (NYSE American: CVU) received follow-on orders from Hamilton Sundstrand, part of Collins Aerospace, for RF/EMI shielded enclosures with deliveries scheduled through mid-2027. Compac Development, a wholly owned subsidiary, will supply proprietary and custom RF/EMI enclosures from prototype to production.
The orders extend a long-standing supply relationship and rely on Compac’s off-the-shelf catalog and custom manufacturing capabilities to meet Collins Aerospace’s delivery timeline.
CPI Aerostructures (NYSE American: CVU) announced on March 9, 2026 that it received several funded orders totaling $4 million for overhaul and repair of outboard stabilator assemblies supporting the Sikorsky MH-60 SEAHAWK.
These orders were issued against a previously announced five-year IDIQ contract from Sikorsky; CPI Aero said it has delivered over 1,200 stabilators to date.