CPI Aerostructures Appoints Paula Castellano to Leadership Team as Senior Vice President, Operations
Rhea-AI Summary
CPI Aerostructures (NYSE American: CVU) has appointed Paula Castellano as Senior Vice President, Operations. Ms. Castellano, 59, brings extensive experience in operations leadership, having previously served as Site Director at GKN Aerospace's Amityville NY location, where she was responsible for operational performance and continuous improvement.
Prior to GKN Aerospace, Castellano held various leadership positions at Air Industries Machining Group, including General Manager and Director of Contracts and Planning. According to Dorith Hakim, President and CEO, this appointment reinforces CPI Aero's commitment to building an experienced aerospace leadership team.
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. The company functions as either a Tier 1 supplier to aircraft OEMs or a Tier 2 subcontractor to major Tier 1 manufacturers, while also serving as a prime contractor to the U.S. Department of Defense.
Positive
- Appointment of experienced operations leader with extensive aerospace industry background
- Strategic enhancement of leadership team with customer-oriented focus
Negative
- None.
News Market Reaction
On the day this news was published, CVU declined 3.14%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
EDGEWOOD, N.Y., July 01, 2025 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®” or the “Company”) (NYSE American: CVU) today announced that it has appointed Paula Castellano to the position of Senior Vice President, Operations.
Ms. Castellano, 59, has extensive experience in Operations leadership and management, Lean and Six Sigma, production control, engineering, planning and customer service. Most recently, she served as Site Director at GKN Aerospace responsible for operational performance, continuous improvement, contract execution and overall leadership of the Amityville NY site.
Prior to her tenure at GKN Aerospace, Ms. Castellano served a significant portion of her career at Air Industries Machining Group in positions of increasing responsibilities including General Manager, Director of Contracts and Planning, Program Management and Manufacturing Engineering.
“The appointment of Paula Castellano underscores CPI Aero's commitment to an experienced aerospace leadership team. Her customer-oriented leadership style within Operations will augment CPI Aero’s Management team and aligns with our objectives to deliver consistent industry leading results. We are pleased to have Paula join our team at CPI Aero and look forward to her contributions,” said Dorith Hakim, President and CEO.
About CPI Aero
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. 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.
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. 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 period ended December 31, 2024 and subsequent reports 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 Twitter @CPIAERO.
| Contacts: | ||
| Investor Relations Counsel Alliance Advisors IR Jody Burfening (212) 838-3777 cpiaero@allianceadvisors.com | CPI Aerostructures, Inc. Philip Passarello Chief Financial Officer (631) 586-5200 ppassarello@cpiaero.com www.cpiaero.com |
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