CPI Aero Announces New Long Term Supply Agreement to Manufacture Engine Air Inlet Assemblies for Embraer Phenom 100EX

Rhea-AI Summary

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.

Positive

• Life-of-program supply agreement for Phenom 100EX engine inlet assemblies
• Phenom 100EX work supplements existing Phenom 300E inlet program
• Over 1,900 Phenom 300 series inlet assemblies delivered to date
• First Phenom 100EX inlet assemblies delivered in May 2026
• Funded backlog of remaining performance obligations above $95 million
• Unfunded backlog of future orders around $400 million; total backlog $495 million

Negative

• None.

News Market Reaction – CVU

-0.58%

1 alert

-0.58% Session close to close

$67.37M Market Cap

0.0x Rel. Volume

In the Jun 4 session, CVU declined 0.58%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement adds a new life-of-program inlet assembly role on Embraer’s Phenom 100EX, suppleme...

Analysis

This announcement adds a new life-of-program inlet assembly role on Embraer’s Phenom 100EX, supplementing CPI Aero’s existing Phenom 300 work and supporting a total backlog of about $495M. It underscores deep OEM relationships and recurring content, including over 1,900 inlets already delivered for the Phenom 300 series. Investors watching this story typically monitor backlog durability, execution on long-term aerospace programs, and capital-raising activity under the $30M shelf and $17M ATM program.

Key Figures

Phenom 100 series in service: over 400 aircraft Phenom 300 series inlets delivered: over 1,900 inlets Funded backlog: over $95 million +2 more

5 metrics

Phenom 100 series in service over 400 aircraft Phenom 100 series fleet size since 2008

Phenom 300 series inlets delivered over 1,900 inlets Engine air inlet deliveries for Embraer Phenom 300 series

Funded backlog over $95 million Funded remaining performance obligations cited in release

Unfunded backlog $400 million Unfunded backlog of future orders for existing programs

Total backlog $495 million Combined funded and unfunded backlog noted in release

Historical Context

5 past events · Latest: May 26 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
May 26	Follow-on contract win	Positive	+13.6%	Northrop Grumman follow-on welded assemblies for E-2D through 2028.
May 18	Q1 2026 earnings	Positive	+15.1%	Strong Q1 turnaround with higher revenue, margins, EPS and $495M backlog.
Mar 31	FY 2025 earnings	Negative	-13.0%	2025 revenue decline and net loss after A‑10 termination impact.
Mar 12	Collins orders	Positive	-1.9%	Follow-on RF/EMI enclosure orders with deliveries through mid‑2027.
Mar 09	Sikorsky orders	Positive	+3.7%	$4M funded orders for MH-60 SEAHAWK stabilator overhauls.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

News and earnings tied to contract wins or improving results have often seen positive price reactions, while one supply-order release saw a mild negative divergence.

Recent Company History

Over the last six months, CPI Aero has reported a sequence of contract wins and financial updates. Positive items include new orders from Sikorsky and Collins Aerospace and follow-on work from Northrop Grumman, alongside a strong Q1 2026 turnaround with revenue of $17.4M and a backlog around $495M. A weaker 2025 earnings report in Q1 2026 weighed on the stock. Today’s Embraer Phenom 100EX inlet agreement fits the pattern of adding long-duration backlog with major OEM customers.

Key Terms

engine air inlets, mro services, oem, funded backlog, +1 more

5 terms

engine air inlets technical

"recognized as a leader ... in such areas as aircraft structural assemblies, ... engine air inlets, and complex welded products."

Engine air inlets are openings and associated ducts on a vehicle or aircraft that channel outside air into the engine for combustion and cooling. Think of them as the engine’s breathing passages; their size, shape and condition affect performance, fuel efficiency and maintenance needs. Investors care because changes to inlet design, damage, regulatory restrictions or supply-chain issues can influence operating costs, product reliability, safety approvals and resale value.

mro services technical

"CPI Aero provides engineering, program management, supply chain management, assembly operations and MRO services to this global network of customers."

MRO services are the routine maintenance, repairs and supplies that keep machinery, buildings and operations running smoothly — similar to regular servicing, spare parts and cleaning for a car fleet. For investors, MRO affects a company’s reliability, operating costs and downtime risk: predictable MRO spending supports steady production and cash flow, while failures or rising MRO costs can reduce profits and disrupt revenue.

oem technical

"Our OEM customers in the defense sector include (i) Lockheed Martin Corporation and Sikorsky Aircraft..."

OEM stands for Original Equipment Manufacturer, which is a company that produces parts or components used in the final products made by other companies. For investors, understanding OEMs is important because their performance can impact the supply chain and overall success of major industries, especially those relying on specialized parts. Think of OEMs as the suppliers that provide the building blocks for larger products, like the engine parts for a car.

funded backlog financial

"Our funded backlog of remaining performance obligations exceeds $95 million and the unfunded backlog..."

Funded backlog is the portion of a company’s unfulfilled orders or signed contracts that already has committed financing or approved budget behind it, meaning the customer (or a funding source) has promised the money needed to pay for the work. For investors it signals clearer near-term revenue visibility and lower execution risk — like a stack of paid-for jobs waiting to be finished rather than hopeful leads — which helps assess future cash flow and growth reliability.

unfunded backlog financial

"funded backlog of remaining performance obligations exceeds $95 million and the unfunded backlog of future orders..."

Unfunded backlog is the portion of a company’s signed orders or promised work that has not yet been paid for, approved, or assigned budget by the customer, so it cannot yet be recognized as revenue. For investors it is a measure of future sales potential—like a pile of accepted job offers waiting for the client’s green light—and it signals possible growth but also uncertainty because those dollars are not guaranteed until formally funded.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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- Production of the Phenom 100EX inlets will supplement the current Phenom 300E inlet program –

EDGEWOOD, N.Y., June 04, 2026 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®” or the “Company”) (NYSE American: CVU) announced today that Embraer (NYSE: EMBJ/ B3: EMBJ3), has awarded a life-of-program supply agreement to CPI Aero to manufacture engine inlet assemblies for the Embraer Phenom 100EX business jets. The first assemblies produced by CPI Aero has been delivered to Embraer in May of 2026.

In October 2023, Embraer unveiled the Phenom 100EX, the company’s latest evolution from the Phenom 100 series, which has served its loyal customers since 2008 with over 400 aircraft in operation. Adopted and trusted by owner-pilots, private companies, and flight academies, the Phenom 100 series is the most trusted entry-level platform in the industry. Now, the new Phenom 100EX delivers superior cabin comfort, operational versatility and pilot-centric avionics to offer the ultimate flying experience.

“We are excited to build on our existing relationship with Embraer, one of the world’s premier aircraft manufacturers. This program is a perfect fit for CPI’s Aerostructures Assembly & Integration Market Segment and builds on the experience and performance we have on the Phenom 300 series, having delivered over 1900 inlets to date. We look forward to demonstrating our capabilities on the Phenom 100 program and to earning Embraer’s continued business,” stated Dorith Hakim, President and CEO of CPI Aero.

About CPI Aero

CPI Aero is a prime contractor to the U.S. Department of Defense as well as a Tier 1 subcontractor to some of the largest aerospace and defense contractors in the world. CPI Aero provides engineering, program management, supply chain management, assembly operations and MRO services to this global network of customers. CPI Aero is recognized as a leader within the international aerospace market in such areas as aircraft structural assemblies, military advanced tactical pod structures, engine air inlets, and complex welded products.

Our OEM customers in the defense sector include (i) Lockheed Martin Corporation and Sikorsky Aircraft, for the F-16 Fighting Falcon, the UH-60 BLACK HAWK©, the MH-60 Seahawk, the CH-53E and the CH-53K King Stallion; (ii) RTX Corporation, formerly Raytheon, for the ALQ-249 Next Generation Jammer Mid-Band Pod for the EA-18G Growlers, the Advanced Tactical Pods, the MS-110 & TacSAR Reconnaissance Airborne Pods, Hypersonic Missile Wings, and B-52 Radar Modernization; (iii) L3Harris for the Next Generation Jammer Low-Band Pod for the EA-18G Growlers; (iv) Collins Aerospace, for RF Enclosures; (v) Northrop Grumman Corporation, for the E-2D Advanced Hawkeye, the Airborne Laser Mine Detection Pod, welded tubes, aerial refueling probes, and welded fluid tanks; and (vi) the DOD/USAF and the Defense Logistics Agency for the T-38 Pacer Classic and T-38 Talon. Our OEM customers in the civil aviation market include Embraer S.A. for the Phenom 300 and Phenom 100.

Our funded backlog of remaining performance obligations exceeds $95 million and the unfunded backlog of future orders for the expected duration of existing programs is $400 million. Our total backlog is $495 million.

Forward-looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included in this press release are forward-looking statements. Words such as “look forward,” “continued business” and similar expressions are intended to identify these forward-looking statements. These forward-looking statements include statements regarding the Company’s backlog, future performance, anticipated production activities, continued operational execution, and customer relationships, market presence, and expectations regarding continued momentum. The Company does not guarantee that it will actually achieve the plans, intentions or expectations disclosed in its forward-looking statements and you should not place undue reliance on the Company’s forward-looking statements.

Forward-looking statements involve risks and uncertainties, and actual results could vary materially from these forward-looking statements. There are a number of important factors that could cause the Company’s actual results to differ materially from those indicated or implied by its forward-looking statements, including those important factors set forth under the caption “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 filed with the Securities and Exchange Commission. Although the Company may elect to do so at some point in the future, the Company does not assume any obligation to update any forward-looking statements and it disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

CPI Aero® is a registered trademark of CPI Aerostructures, Inc. For more information, visit www.cpiaero.com, and follow us on X @CPIAERO.

Contacts:
Investor Relations Counsel	CPI Aerostructures, Inc.
Alliance Advisors IR	Robert Mannix
Jody Burfening	Chief Financial Officer
(212) 838-3777	(631) 586-5200
cpiaero@allianceadvisors.com	rmannix@cpiaero.com

FAQ

What long-term supply agreement did CPI Aero (CVU) sign for Embraer Phenom 100EX?

CPI Aero signed a life-of-program supply agreement to manufacture engine air inlet assemblies for the Embraer Phenom 100EX. According to CPI Aero, this new work supplements its existing Phenom 300E inlet program and supports Embraer’s latest evolution of the Phenom 100 series.

When did CPI Aero begin delivering Phenom 100EX inlet assemblies under the new CVU agreement?

CPI Aero began deliveries of Phenom 100EX inlet assemblies in May 2026. According to CPI Aero, these initial shipments mark the start of production on the life-of-program agreement and expand the company’s aerostructures assembly and integration activities with Embraer.

How does the Embraer Phenom 100EX contract fit CPI Aero’s existing Phenom 300E inlet program (CVU)?

The Phenom 100EX inlet contract is described as supplementing CPI Aero’s current Phenom 300E inlet program. According to CPI Aero, it has delivered over 1,900 inlets for the Phenom 300 series, providing experience it plans to leverage on the new Phenom 100EX work.

What is CPI Aero’s total funded and unfunded backlog after the Phenom 100EX agreement (CVU)?

CPI Aero reports a funded backlog of remaining performance obligations above $95 million. According to CPI Aero, its unfunded backlog of future orders is about $400 million, resulting in a combined total backlog of approximately $495 million across existing aerospace and defense programs.

Who are CPI Aero’s key aerospace and defense customers besides Embraer (CVU)?

CPI Aero lists major customers including Lockheed Martin, Sikorsky Aircraft, RTX, L3Harris, Collins Aerospace, Northrop Grumman, the U.S. Department of Defense and Defense Logistics Agency. According to CPI Aero, it supplies aircraft structural assemblies, pods, engine air inlets, and complex welded products.