CPI Aerostructures Receives $4.4M Orders from Embraer for Engine Inlet Assemblies
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.
11/21/2023 - 08:00 AM
EDGEWOOD, N.Y., Nov. 21, 2023 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®” or the “Company”) (NYSE American: CVU) announced that Embraer S.A. of Brazil (NYSE: ERJ) has placed several additional orders against a previously announced Long Term Agreement to manufacture engine inlet assemblies for the Embraer Phenom 300 business jets. These new orders will see deliveries continue into 2024.
“CPI Aero is proud to be part of the successful Phenom 300 program where we continue to demonstrate our capabilities in assembly & integration of complex, mixed-commodity Aerostructures. During the last 10+ years, we have delivered over 1,600 Engine Inlet Assemblies and fully expect to continue serving this important customer beyond 2024,” stated Dorith Hakim, CPI Aero’s CEO & President.
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 or incorporated in this press release are forward-looking statements. Forward-looking statements involve risks and uncertainties, and actual results could vary materially from these 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.
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, 2022 and the Company’s subsequent filings 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 .
What is the latest announcement from CPI Aerostructures, Inc. (CVU)?
CPI Aerostructures, Inc. (CVU) has received additional orders from Embraer S.A. (ERJ) for engine inlet assemblies for Phenom 300 business jets, with deliveries continuing into 2024.
How many engine inlet assemblies has CPI Aerostructures, Inc. (CVU) delivered in the last 10+ years?
CPI Aerostructures, Inc. (CVU) has delivered over 1,600 engine inlet assemblies in the last 10+ years.
Who is the CEO & President of CPI Aerostructures, Inc. (CVU)?
Dorith Hakim is the CEO & President of CPI Aerostructures, Inc. (CVU).
What is the ticker symbol for Embraer S.A.?
The ticker symbol for Embraer S.A. is ERJ.
What type of business jets are the engine inlet assemblies manufactured for?
The engine inlet assemblies are manufactured for the Embraer Phenom 300 business jets.
CVU Rankings
#817 Ranked by Stock Gains
CVU Stock Data
Industry
Small Arms Ammunition Manufacturing
Sector
Manufacturing
Tags
Electronic Technology, Aerospace & Defense, Manufacturing, Small Arms Ammunition Manufacturing
Country
US
City
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.
