CPI Aerostructures Receives Additional Orders Worth $9M From Lockheed Martin for F-16 Structural Assemblies

CPI Aerostructures (NYSE American: CVU) received additional orders from Lockheed Martin totaling $9 million to supply Rudder Island Drag Chute Canister (RI/DCC) assemblies for F-16 Block 70/72 fighters.

Rhea-AI Summary

CPI Aerostructures (NYSE American: CVU) received additional orders from Lockheed Martin totaling $9 million to supply Rudder Island Drag Chute Canister (RI/DCC) assemblies for F-16 Block 70/72 fighters.

Deliveries from these orders will continue through 2028 under an existing IDIQ long‑term agreement, adding funded quantities to prior multi‑year contracts first delivered in 2021 and expanded in 2023.

Positive

• $9 million in new funded orders from Lockheed Martin
• Deliveries scheduled to continue through 2028
• Adds quantities under existing IDIQ long‑term agreement

Negative

• None.

Argus Feb 24 session

+4.04% close to close Open Argus

Details

News Market Reaction – CVU

In the Feb 24 session, CVU gained 4.04%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement adds a further $9M of orders under CPI Aerostructures’ long-term agreement for F-1...

Analysis

This announcement adds a further $9M of orders under CPI Aerostructures’ long-term agreement for F-16 RI/DCC assemblies, extending deliveries through 2028. It builds on prior multi-year awards and supports the company’s position as a Tier 1 aerospace subcontractor. In context of earlier contract wins and a sizable reported backlog, investors may watch for future disclosures on total F-16 program exposure, margin performance, and additional defense production awards.

Key Figures

Order value: $9 million Delivery horizon: through 2028 First RI/DCC delivery: June 2021 +2 more

Order value

$9 million

Additional RI/DCC assemblies orders under F-16 Block 70/72 LTA

Delivery horizon

through 2028

New F-16 RI/DCC orders extend deliveries

First RI/DCC delivery

June 2021

Initial F-16 Block 70/72 RI/DCC assembly delivery

Second follow-on contract year

2023

Multi-year RI/DCC contract award year

Countries operating F-16

more than 29 countries

Global footprint of F-16 Fighting Falcon fleet

Historical Context

5 past events · Latest: Dec 09

5 events

1. Dec 09

   CFO appointment

   24h Move

   +12.1%

   New CFO with 30+ years finance experience joined to strengthen leadership.

2. Dec 05

   Governance/industry role

   24h Move

   +1.1%

   CEO joined Aerospace Industry Association Executive Committee, boosting industry profile.

3. Nov 20

   Defense contract award

   24h Move

   +0.8%

   Lot 5 NGJ-MB production order with $21.1M initial funding and $42.3M cap.

4. Nov 14

   Earnings update

   24h Move

   +16.6%

   Q3 results showed stable revenue, better margins, and reduced total debt.

5. Oct 30

   Trading activity comment

   24h Move

   +12.3%

   Company stated no undisclosed material developments despite unusual trading.

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

Key Terms

rudder island drag chute canister, indefinite delivery, indefinite quantity, idiq, oem, +1 more

5 terms

rudder island drag chute canister technical

"to manufacture the Rudder Island Drag Chute Canister (RI/DCC) assemblies for the F-16"

A rudder island drag chute canister is the sealed housing that stores and protects an aircraft’s or certain vehicle’s emergency parachute, mounted near the vertical tail or fin area where the rudder/fin structure is concentrated. It keeps the chute ready for rapid deployment to slow and stabilize the vehicle during high-speed landings or emergency decelerations. Investors care because this small, certified part affects safety certification, maintenance costs, supplier contracts and liability exposure much like a car’s airbag module influences vehicle safety ratings and aftermarket spending.

indefinite delivery, indefinite quantity financial

"under that Indefinite Delivery, Indefinite Quantity (IDIQ) contract."

An indefinite delivery, indefinite quantity agreement is a standing contract that lets a buyer place orders over a set period without committing to exact quantities or delivery dates up front; think of it as a blank check for future purchases within agreed limits. For investors, it signals potential recurring revenue and a longer sales runway because the seller can receive multiple orders, but it also leaves some uncertainty in timing and total sales, so forecasts and valuation must account for that variability.

idiq financial

"additional quantities under that Indefinite Delivery, Indefinite Quantity (IDIQ) contract."

An IDIQ (Indefinite Delivery/Indefinite Quantity) is a type of government procurement contract that sets terms and maximum limits for buying goods or services over a period without specifying exact delivery dates or quantities up front. For investors, an IDIQ signals a potential steady revenue stream and easier repeat business because it gives a company preferred access to future orders under agreed terms—think of it as a standing shopping account that can generate unpredictable but recurring sales.

oem technical

"Lockheed Martin, and our other OEM and DoD customers depend on CPI"

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.

mro technical

"assembly operations and MRO services to this global network of customers."

MRO stands for Maintenance, Repair, and Operations, referring to the supplies and services companies provide to keep machinery, buildings, and infrastructure functioning smoothly. These essentials are vital for ongoing business activities, much like routine car maintenance keeps a vehicle running reliably. Investors pay attention to MRO companies because their performance reflects the health of industries that rely heavily on regular upkeep and support services.

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

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EDGEWOOD, N.Y., Feb. 24, 2026 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero” or the “Company”) (NYSE American: CVU) announced that Lockheed Martin Aeronautics has placed several additional orders totaling $9 million against a previously announced Long Term Agreement to manufacture the Rudder Island Drag Chute Canister (RI/DCC) assemblies for the F-16 Block 70/72 fighter jets. These new orders will see deliveries continue through 2028.

CPI Aero delivered its first RI/DCC assembly for the F-16 Block 70/72 in June 2021. CPI was awarded a second follow-on multi-year contract in 2023. This recent award adds funding for additional quantities under that Indefinite Delivery, Indefinite Quantity (IDIQ) contract.

“The F-16 Fighting Falcon remains the world’s most advanced 4th-generation fighter aircraft ever built, operating in more than 29 countries. CPI is honored to support Lockheed Martin’s F-16 production line with mission-critical structural assemblies, leveraging our proven capabilities in the assembly and integration of complex, mixed-commodity aerostructures and aerosystems. Day in and day out, Lockheed Martin, and our other OEM and DoD customers depend on CPI to deliver world‑class manufacturing, engineering, program and supply chain management to support our war fighters,” stated Dorith Hakim, CEO & President 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. CPI Aero’s international customer base enjoys a unique combination of large-company capabilities, matched with small-company value, responsiveness, and personal customer service.

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. 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 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	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
	www.cpiaero.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did CPI Aerostructures (CVU) announce on February 24, 2026 about Lockheed Martin orders?

CPI Aero announced $9 million of additional orders from Lockheed Martin. According to the company, these orders add funded quantities under an existing IDIQ and cover RI/DCC assemblies for F-16 Block 70/72 with deliveries through 2028.

How long will CPI Aerostructures (CVU) deliver F-16 RI/DCC assemblies for Lockheed Martin?

Deliveries will continue through 2028 under the new orders. According to the company, the additional $9 million of orders extend shipments tied to the previously awarded multi-year IDIQ contract.

What product is CPI Aerostructures (CVU) supplying to Lockheed Martin in the new $9 million orders?

CPI Aero will supply Rudder Island Drag Chute Canister (RI/DCC) assemblies for F-16 Block 70/72 jets. According to the company, CPI first delivered this assembly in June 2021 and won a follow-on contract in 2023.

Does the $9 million order from Lockheed Martin change CPI Aerostructures' (CVU) contract status?

The $9 million represents additional funded quantities under an existing IDIQ long‑term agreement. According to the company, this award supplements the previously announced multi-year contract rather than creating a new agreement.

What is the significance of the Lockheed Martin orders for CPI Aerostructures (CVU) investors?

The orders provide multi-year revenue visibility tied to F-16 production through 2028. According to the company, the funding supplements an existing IDIQ and supports ongoing manufacturing, engineering, and supply chain operations.