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CPI Aerostructures Inc - CVU STOCK NEWS

Welcome to our dedicated news page for CPI Aerostructures (Ticker: CVU), a resource for investors and traders seeking the latest updates and insights on CPI Aerostructures.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect CPI Aerostructures's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of CPI Aerostructures's position in the market.

News
CPI Aerostructures Reports Fourth Quarter and Full Year 2023 Results
Rhea-AI Summary
CPI Aerostructures, Inc. (CVU) reported fourth quarter 2023 revenue of $23.5 million, a slight decrease from $24.1 million in 2022. Net income surged to $14.8 million from $6.8 million, and earnings per share rose to $1.20. Full-year 2023 revenue reached $86.5 million, up from $83.3 million in 2022, with net income of $17.2 million. The company reduced debt by $2.7 million and ended with a backlog of $513.4 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.87%
Tags
earnings
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News
CPI Aerostructures Appoints Ross Johnson to Leadership Team as Vice President, Program Management
Rhea-AI Summary
CPI Aerostructures, Inc. (CVU) appoints Ross Johnson as Vice President, Program Management. Johnson brings extensive experience in program management, business development, marketing & sales, contracts, engineering technical support, customer support, and aircraft operations. His appointment aligns with the company's objectives of achieving industry-leading operations and strengthening its aerospace leadership team.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.63%
Tags
management
-
News
CPI Aerostructures Receives $4.4M Orders from Embraer for Engine Inlet Assemblies
Rhea-AI Summary
CPI Aerostructures, Inc. (CVU) receives additional orders from Embraer S.A. (ERJ) for engine inlet assemblies for Phenom 300 business jets, with deliveries continuing into 2024. The company has delivered over 1,600 engine inlet assemblies in the last 10+ years and expects to continue serving Embraer beyond 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.87%
Tags
none
News
CPI Aerostructures Reports Third Quarter and Nine Month 2023 Results
Rhea-AI Summary
CPI Aerostructures, Inc. (CVU) announced its financial results for Q3 and nine months ending September 30, 2023. Q3 revenue was $20.4 million, gross profit $3.7 million, and net income $0.3 million, showing a decrease from the same period in 2022. Nine-month revenue was $63.0 million, gross profit $13.0 million, and net income $2.4 million, with a slight increase from 2022. The company highlighted supply chain challenges impacting throughput and gross profit, but expressed confidence in long-term outlook based on corrective actions and backlog increase.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.03%
Tags
none
-
News
CPI Aero Receives $9.6 Million Purchase Orders From U.S. Air Force for T-38 Aircraft Modification Kits
Rhea-AI Summary
CVU: CPI Aerostructures, Inc. announces $9.6 million in new purchase orders, bringing the total funded value of the contract to $48.3 million. The contract extends the funded period of performance into 2028, supporting the T-38C Pacer Classic III Fuselage Structural Modification Kit Integration program and the Talon Repair Inspection and Maintenance program for the U.S. Air Force.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.66%
Tags
none
-
News
CPI Aerostructures Appoints Aerospace Industry Executive Pamela Levesque to its Board of Directors
Rhea-AI Summary
CPI Aerostructures appoints Pamela D. Levesque as independent Class II Director. Levesque brings over 35 years of experience in the aerospace and defense industry, with expertise in P&L management, government contracting, and cost reduction. She will serve on the Board's Audit and Finance Committee.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.57%
Tags
management
News
CPI Aero Delivers 1st B-52 Radar Rack Structure to RTX
Rhea-AI Summary
CPI Aerostructures delivers first B-52 Radar Rack Structure to Raytheon
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.63%
Tags
none
-
News
CPI Aero Receives Second Multi-Year Contract and Funded Order for F-16 Aircraft Structures
Rhea-AI Summary
CPI Aerostructures receives a second multi-year contract worth up to $34.4 million from Lockheed Martin to manufacture structural assemblies for the F-16 Block 70/72. Deliveries expected from 2025 to 2028.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
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News
CPI Aerostructures Reports Second Quarter and Six Month 2023 Results
Rhea-AI Summary
CPI Aerostructures announces Q2 2023 financial results with increased revenue and profit margin
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.6%
Tags
none
News
CPI Aerostructures Appoints Aerospace Industry Executive Rick Rosenjack to its Board of Directors
Rhea-AI Summary
CPI Aerostructures appoints Rick Rosenjack as new independent member of the Board, filling one of its two vacant Class II director seats.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.9%
Tags
management
Stock CVU logo
CPI Aerostructures Inc

NYSE:CVU

CVU Rankings

#4902 Ranked by Market Cap
#817 Ranked by Stock Gains
N/A Ranked by Dividends

CVU Stock Data

36.57M
8.77M
22.71%
19.26%
0.02%
Small Arms Ammunition Manufacturing
Manufacturing
Link
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Edgewood

About CVU

cpi aero is a u.s. manufacturer of structural assemblies and value-added kits for fixed wing and rotary wing aircraft in both the commercial aerospace and defense markets. cpi aero also manufactures pod-based, airborne avionics systems for intelligence surveillance and reconnaissance (isr), electronic warfare (ew) and radar end-markets. within the global aerostructure supply chain, cpi aero is either a tier 1 supplier to aircraft oems or a tier 2 subcontractor to major tier 1 manufacturers. cpi also is a prime contractor to the u.s. department of defense, primarily the air force. in conjunction with its assembly operations, cpi aero provides engineering, program management, supply chain management, and mro services. cpi aero is included in the russell microcap® index.