CPI Aerostructures Receives Orders to Support the UH-60M Black Hawk Helicopter from Sikorsky

Rhea-AI Summary

CPI Aerostructures (NYSE American: CVU) announced it has received multiple contracts worth a total of $4.3 million for gunner window assemblies for the UH-60M Black Hawk helicopter from Sikorsky. These contracts fall under a previously announced five-year, indefinite delivery indefinite quantity (IDIQ) contract.

Since 2010, CPI Aero has delivered over 6,000 gunner window assemblies to Sikorsky, showcasing its commitment to quality and customer satisfaction. This new order reinforces CPI Aero's role in supporting the Black Hawk helicopter fleet.

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. The company acts as a Tier 1 supplier to aircraft OEMs and a Tier 2 subcontractor to major Tier 1 manufacturers, in addition to being a prime contractor to the U.S. Department of Defense, primarily the Air Force. CPI Aero also provides engineering, program management, supply chain management, and MRO services.

Positive

• CPI Aero received contracts totaling $4.3 million for gunner window assemblies.
• The company has delivered over 6,000 gunner window assemblies to Sikorsky since 2010, demonstrating consistent performance.

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• None.

EDGEWOOD, N.Y., Jan. 21, 2025 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®” or the “Company”) (NYSE American: CVU) announced that it has received several contracts totaling $4.3 Million for gunner window assemblies for the UH-60M Black Hawk® helicopter as part of a previously announced five-year, indefinite delivery indefinite quantity (IDIQ) contract.

“CPI Aero has delivered over 6,000 of these gunner window assemblies to Sikorsky since 2010, demonstrating our continuous commitment to quality and customer satisfaction. CPI Aero is proud of the work we do on this critical program in support of the Black Hawk helicopter fleet,” stated Dorith Hakim, President and CEO of CPI Aero.

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, 2023 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.

Contacts Investor Relations Counsel LHA Investor Relations Jody Burfening (212) 838-3777 cpiaero@lhai.com www.lhai.com

CPI Aerostructures, Inc. Philip Passarello Chief Financial Officer (631)586-5200 www.cpiaero.com

FAQ

What is the value of the new contracts CPI Aero received for the UH-60M Black Hawk?

CPI Aero received contracts worth a total of $4.3 million for gunner window assemblies.

How many gunner window assemblies has CPI Aero delivered to Sikorsky since 2010?

CPI Aero has delivered over 6,000 gunner window assemblies to Sikorsky since 2010.

What type of contract are the new orders for CPI Aero part of?

The new orders are part of a five-year, indefinite delivery indefinite quantity (IDIQ) contract.

What markets does CPI Aero serve?

CPI Aero serves the commercial aerospace and national security markets.

What additional services does CPI Aero provide?

CPI Aero provides engineering, program management, supply chain management, and MRO services.