L3Harris Awards CPI Aerostructures, Inc. Contract for Next Generation Jammer Low Band Program

Rhea-AI Summary

CPI Aerostructures (NYSE American: CVU) received a fully definitized contract from L3Harris Technologies valued at $13.6 million to deliver airborne pod structures for the Next Generation Jammer Low Band (NGJ-LB)/b) program. The prior undefinitized contract action had a not-to-exceed value of $12.1 million.The contract supports L3Harris’ delivery of operational prototype pods and additional test assets to U.S. Naval Air Systems Command for EA-18G Growler aircraft. CPI Aero has already delivered the first Test Article and is providing DFMA engineering support. According to the company, its total funded and unfunded backlog is approximately $495 million.

Positive

• $13.6 million definitized NGJ-LB pod structures contract from L3Harris
• Prior undefinitized contract not-to-exceed raised from $12.1 million to $13.6 million
• Supports U.S. Naval Air Systems Command NGJ-LB operational prototype and test pods
• CPI Aero total funded and unfunded backlog reported at $495 million

Negative

• None.

News Explained

The earlier UCA’s $12.1 million not-to-exceed ceiling has been superseded by a fully definitized contract totaling $13.6 million, making the latter the current stated contract amount while program work is already underway.

Market Context

CPI Aero's active $30,000,000 S-3/A shelf, including a common-stock ATM program of up to $17,000,000...

Analysis

CPI Aero's active $30,000,000 S-3/A shelf, including a common-stock ATM program of up to $17,000,000, adds financing context to this contract award. Investors can watch execution against the reported backlog and delivery milestones.

Key Figures

Contract value: $13.6 million Prior UCA ceiling: $12.1 million Program commencement: Late 2024 +4 more

7 metrics

Contract value $13.6 million Fully definitized NGJ-LB contract from L3Harris

Prior UCA ceiling $12.1 million Previously announced undefinitized contract action

Program commencement Late 2024 NGJ-LB program

Test article delivery 1 Test Article Recently delivered to L3Harris

Funded backlog More than $95 million Remaining performance obligations

Unfunded backlog $400 million Expected duration of existing programs

Total backlog $495 million Company-reported total backlog

Historical Context

5 past events · Latest: Jul 07 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Jul 07	Air Force orders	Positive	+1.9%	Received $8.3 million in U.S. Air Force orders for T-38 modification kits.
Jun 04	Supply agreement	Positive	-0.6%	Signed Embraer supply agreement for Phenom 100EX engine air inlet assemblies.
May 26	Follow-on contract	Positive	+13.6%	Won Northrop Grumman follow-on orders for E-2D welded assemblies through 2028.
May 18	Quarterly earnings	Positive	+15.1%	Reported Q1 revenue growth, profitability turnaround, and $495 million total backlog.
Mar 31	Annual earnings	Negative	-13.0%	Reported lower annual revenue and net loss amid A-10 program termination impact.

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

Pattern Detected

Recent news reactions were mostly aligned with the announcement direction, with four aligned events and one divergence.

Key Terms

fully definitized contract, undefinitized contract action, design for manufacturing and assembly, airworthiness

4 terms

fully definitized contract financial

"received a fully definitized contract from L3Harris Technologies"

A fully definitized contract is a legally binding agreement in which all key terms—scope of work, schedule, technical requirements, and final price—have been negotiated and formally fixed so neither party can unilaterally change them. For investors, it signals reduced uncertainty about future revenue and costs from that contract, similar to knowing the exact price and delivery date for a large order rather than just having a tentative handshake.

undefinitized contract action financial

"The previously announced undefinitized contract action (UCA)"

An undefinitized contract action is a government procurement decision that allows a contractor to begin work or purchase materials before the final price, scope, or terms of the contract are agreed. For investors, it can mean earlier recognized revenue or backlog but also added risk to profit margins and cash flow — like starting to build a house before the final price is set, raising the chance of cost surprises that change future earnings.

design for manufacturing and assembly technical

"providing Design for Manufacturing and Assembly (DFMA) engineering support"

Design for manufacturing and assembly (DFMA) is an engineering approach that simplifies a product’s parts and how they fit together to make it easier, faster, and cheaper to produce. Think of it as designing a piece of IKEA furniture so it uses fewer screws and snaps together reliably; for investors, DFMA signals potential for lower production costs, fewer manufacturing delays, and more consistent product quality, which can affect margins and supply reliability.

airworthiness regulatory

"additional test assets for airworthiness and design verification"

Airworthiness is the official determination that an aircraft and its parts are safe and legally fit to fly, based on inspections, maintenance records, and compliance with regulatory standards. For investors, airworthiness matters because it directly affects an operator’s ability to generate revenue and avoid costly groundings or fines; think of it like a car’s safety inspection sticker—lose it and the vehicle can’t be used until the problem is fixed, which can disrupt business and cash flow.

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

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EDGEWOOD, N.Y., July 27, 2026 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®” or the “Company”) (NYSE American: CVU), a leading manufacturer of structural assemblies in both the commercial and military defense aerospace markets, announced today that it received a fully definitized contract from L3Harris Technologies (NYSE: LHX) totaling $13.6 million to deliver airborne pod structures. The previously announced undefinitized contract action (UCA) had a not-to-exceed of $12.1 million. This contract supports L3Harris’ delivery of operational prototype pods to the U.S. Naval Air Systems Command for fleet assessment and additional test assets for airworthiness and design verification. The NGJ-LB pods will fly on the EA-18G Growler and are integral to the Navy’s plan to replace the aging AN/ALQ-99 Tactical Jamming System. CPI recently delivered the first Test Article to L3Harris and has been providing Design for Manufacturing and Assembly (DFMA) engineering support since the program commenced in late 2024.

The Next Generation Jammer Low Band (NGJ-LB) is an advanced airborne electronic warfare system. L3Harris’ solution consolidates advanced processing with increased jamming capability and will be easier to maintain than the Navy’s current system through a modular, open-system architecture that enables seamless upgrades. The L3Harris system will operate with joint and allied forces to provide growth capacity for future technology integration to stay ahead of adversarial capabilities.

“Working with our newest customer, L3Harris, on this transformational program has been rewarding. Knowing that our NGJ Low Band pods will join our NGJ Mid Band pods flying on every EA 18G Growler—supporting a mission that is critical to joint and coalition armed forces—makes this milestone especially meaningful,” stated Dorith Hakim, President and CEO 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.

Our OEM customers in the defense sector include (i) Lockheed Martin Corporation and Sikorsky Aircraft, for the F-16 Fighting Falcon, the UH-60 BLACK HAWK©, the MH-60 Seahawk, the CH-53E and the CH-53K King Stallion; (ii) RTX Corporation, formerly Raytheon, for the ALQ-249 Next Generation Jammer Mid-Band Pod for the EA-18G Growlers, the Advanced Tactical Pods, the MS-110 & TacSAR Reconnaissance Airborne Pods, Hypersonic Missile Wings, and B-52 Radar Modernization; (iii) L3Harris for the Next Generation Jammer Low-Band Pod for the EA-18G Growlers; (iv) Collins Aerospace, for RF Enclosures; (v) Northrop Grumman Corporation, for the E-2D Advanced Hawkeye, the Airborne Laser Mine Detection Pod, welded tubes, aerial refueling probes, and welded fluid tanks; and (vi) the DOD/USAF and the Defense Logistics Agency for the T-38 Pacer Classic and T-38 Talon. Our OEM customers in the civil aviation market include Embraer S.A. for the Phenom 300 and Phenom 100.

Our funded backlog of remaining performance obligations exceeds $95 million and the unfunded backlog of future orders for the expected duration of existing programs is $400 million. Our total backlog is $495 million.

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 including statements regarding the Company’s backlog, future performance, and other future events or expectations. 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, among others, the important factors set forth under the caption “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 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 X @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

What contract did CPI Aerostructures (CVU) receive from L3Harris for the Next Generation Jammer Low Band program?

CPI Aerostructures received a fully definitized $13.6 million contract from L3Harris to deliver airborne pod structures for the Next Generation Jammer Low Band program. According to CPI Aero, this supports prototype and test pods for U.S. Naval Air Systems Command.

How does the new CPI Aerostructures (CVU) NGJ-LB contract compare to the prior UCA value?

The fully definitized NGJ-LB contract totals $13.6 million, compared with a previously announced undefinitized contract action not-to-exceed of $12.1 million. According to CPI Aero, the finalized value exceeds the earlier ceiling for this L3Harris award.

What is CPI Aerostructures' total backlog after the L3Harris NGJ-LB award?

CPI Aero reports a funded backlog of over $95 million and an unfunded backlog of $400 million, for a total backlog of $495 million. According to the company, these figures reflect remaining performance obligations and expected future orders.

Which aircraft and system will CPI Aerostructures' NGJ-LB pods support under the L3Harris contract?

The NGJ-LB pods supported by CPI Aero’s contract will fly on the EA-18G Growler aircraft and help replace the Navy’s aging AN/ALQ-99 Tactical Jamming System. According to CPI Aero, these pods are part of an advanced airborne electronic warfare upgrade.

What role does CPI Aerostructures (CVU) play in the NGJ-LB program beyond manufacturing pods?

CPI Aero has delivered the first NGJ-LB Test Article and is providing Design for Manufacturing and Assembly (DFMA) engineering support. According to the company, this engineering involvement has been ongoing since the program began in late 2024 with L3Harris.

Who are CPI Aerostructures' key defense OEM customers besides L3Harris?

CPI Aero lists major defense OEM customers including Lockheed Martin, Sikorsky Aircraft, RTX (formerly Raytheon), Collins Aerospace, and Northrop Grumman, plus U.S. DOD/USAF and the Defense Logistics Agency. According to the company, these relationships span multiple aircraft and pod programs.