CPI Aerostructures Receives Several Contracts from Sikorsky to Support MH-60 Seahawk Helicopter Sustainment
Rhea-AI Summary
CPI Aerostructures (CVU) has secured multiple funded orders worth $7 million for the overhaul and repair of outboard stabilator assemblies supporting the Sikorsky MH-60 SEAHAWK helicopter. These orders fall under a previously announced five-year indefinite delivery indefinite quantity (IDIQ) contract with Sikorsky.
The company has already delivered over 1,000 stabilators back into service for the Seahawk Helicopter fleet, demonstrating its core capabilities in airframe structural assembly, integration, supply chain management, and manufacturing engineering. This program is part of CPI Aero's strategic Repair & Overhaul business growth initiative.
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 as either a Tier 1 supplier to aircraft OEMs or a Tier 2 subcontractor.
Positive
- Secured new orders worth $7 million from Sikorsky
- Successfully delivered over 1,000 stabilators for the Seahawk fleet
- Part of a larger five-year IDIQ contract indicating long-term revenue potential
Negative
- None.
News Market Reaction
On the day this news was published, CVU gained 2.50%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
EDGEWOOD, N.Y., Feb. 03, 2025 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®” or the “Company”) (NYSE American: CVU) announced that it has received several funded orders totaling
“Repair and overhaul services are a core capability at CPI Aero, leveraging our expertise in airframe structural assembly and integration, supply chain management, and manufacturing engineering. This program, along with others underway at CPI Aero, form the foundation for our growth in this strategic Repair & Overall business. To date, we have delivered over 1,000 stabilators back into service for the Seahawk 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 | CPI Aerostructures, Inc. |
| LHA Investor Relations | Philip Passarello |
| Jody Burfening | Chief Financial Officer |
| (212) 838-3777 | (631) 586-5200 |
| cpiaero@lhai.com | www.cpiaero.com |
| www.lhai.com |
FAQ
What is the value of CPI Aerostructures' (CVU) new Sikorsky orders in 2025?
How many stabilators has CVU delivered for the Seahawk Helicopter fleet?
What type of contract does CVU have with Sikorsky for the MH-60 work?
What services does CVU provide for the MH-60 SEAHAWK helicopter program?
