Every 10-K that CPI Aerostructures, Inc. (CVU) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow CVU and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CVU filings page.
CPI Aerostructures, Inc. filed Amendment No. 2 to its annual report to supply missing Part III information for the year ended December 31, 2025. The update provides detailed biographies for directors and executives, committee memberships, and confirms most directors meet NYSE American independence standards and audit committee financial expert criteria.
The filing outlines 2025 compensation for named executive officers, including salaries, performance-based cash bonus opportunities and time- and performance-vested restricted stock awards, plus severance and change-in-control protections for key leaders. It also discloses director cash and RSU compensation levels, equity plan share availability, major shareholders and insider ownership, states there were no related-party transactions in 2025, and presents audit and related fees paid to the company’s external auditors for 2024 and 2025.
CPI Aerostructures, Inc. filed an amended annual report primarily to correct the audit report date from Marcum LLP on its 2024 financial statements; all other disclosures from the original 2025 annual report are unchanged.
The company manufactures structural assemblies, integrated systems, tube bending, welding, and electrical harnesses for aerospace and defense customers, acting as both a U.S. Department of Defense prime contractor and Tier 1 subcontractor to major primes such as Raytheon, Lockheed Martin, Sikorsky and Northrop Grumman. For 2025, funded backlog was $91.8 million with total backlog of $504.5 million, heavily concentrated in long-term government programs. Key customers are concentrated, with Raytheon, Sikorsky, Lockheed Martin and the U.S. Air Force together representing most revenue.
The company highlights dependence on government funding, supply-chain and labor risks, liquidity needs supported by a secured credit facility with Western Alliance Bank, and significant federal and state net operating loss carryforwards. It also discloses safety metrics, a workforce of 192 employees as of December 31, 2025, and an active cybersecurity and compliance program.
CPI Aerostructures, Inc. (CPI Aero) files its annual report describing a defense-focused aerostructures and aerosystems manufacturer with more than 45 years of experience. The company serves major U.S. defense primes and the Department of Defense, producing structural assemblies, pod structures, welded products, tube bending and electrical harnesses.
CPI Aero’s backlog was $504.5 million as of December 31, 2025, including $91.8 million funded. About 96% of backlog is tied to government programs such as the E‑2D Advanced Hawkeye, Next Generation Jammer pods, BLACK HAWK and F‑16V structures, and T‑38 modification kits.
The customer base is concentrated: in 2025, Raytheon, Sikorsky, Lockheed Martin and the U.S. Air Force represented roughly 38%, 20%, 11% and 11% of revenue. The company highlights liquidity and working capital risks, reliance on government contracts, supply chain dependence, labor competition, cybersecurity, and compliance with extensive environmental and government regulations.