{"id":411095,"date":"2021-01-08T08:33:07","date_gmt":"2021-01-08T13:33:07","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=411095"},"modified":"2021-01-08T08:33:07","modified_gmt":"2021-01-08T13:33:07","slug":"cpi-aerostructures-awarded-contract-from-raytheon-missiles-defense","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cpi-aerostructures-awarded-contract-from-raytheon-missiles-defense\/","title":{"rendered":"CPI Aerostructures Awarded Contract From Raytheon Missiles & Defense"},"content":{"rendered":"
\n

EDGEWOOD, N.Y., Jan. 08, 2021 (GLOBE NEWSWIRE) — CPI Aerostructures, Inc. (\u201cCPI Aero\u201d) (NYSE American: CVU) announced today that it has received an order from Raytheon Missiles & Defense, a Raytheon Technologies business, to manufacture structural assemblies on an undisclosed platform. This is a sole source follow-on order and CPI Aero anticipates making deliveries starting in 2021. Terms of the order will not be disclosed.<\/p>\n

\u201cLast year we were honored to receive Raytheon Technologies\u2019 Premier Supplier Award in recognition of our work on the Next Generation Jammer Mid Band pod. This new contract demonstrates both Raytheon Missiles & Defense\u2019s continued trust in CPI Aero as a critical Tier 1 supplier and commitment to utilizing top-performing supply chain partners across their enterprise,\u201d said Douglas McCrosson, president and CEO of CPI Aero. \u201cMissiles and other autonomous aircraft systems are strategic areas of growth for CPI Aero. Our reputation for excellence in manufacturing some of the world\u2019s most advanced pod-based airborne electronic systems provides confidence that we can be successful in this adjacent market.\u201d<\/p>\n

\n About CPI Aero<\/strong>
\n
CPI Aero is a U.S. manufacturer of structural assemblies for fixed wing aircraft, helicopters and airborne Intelligence Surveillance and Reconnaissance and Electronic Warfare pod systems, primarily for 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. CPI Aero is included in the Russell Microcap\u00ae Index.<\/p>\n

The above statements include forward looking statements that involve risks and uncertainties, which are described from time to time in CPI Aero\u2019s SEC reports, including CPI Aero’s Form 10-K for the year ended December 31, 2019 and Forms 10-Q for the three-month periods ended March 31, 2020, June 30, 2020,and September 30, 2020.<\/p>\n

CPI Aero\u00ae is a registered trademark of CPI Aerostructures, Inc. For more information, visit www.cpiaero.com, and follow us on Twitter @CPIAERO<\/a>.<\/p>\n

\n Contact:<\/strong>\n <\/p>\n

Investor Relations Counsel:<\/p>\n

LHA Investor Relations<\/p>\n

Jody Burfening<\/p>\n

(212) 838-3777<\/p>\n

\n cpiaero@lhai.com<\/a>\n <\/p>\n

\n www.lhai.com<\/a>\n <\/p>\n

\u00a0<\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

EDGEWOOD, N.Y., Jan. 08, 2021 (GLOBE NEWSWIRE) — CPI Aerostructures, Inc. (\u201cCPI Aero\u201d) (NYSE American: CVU) announced today that it has received an order from Raytheon Missiles & Defense, a Raytheon Technologies business, to manufacture structural assemblies on an undisclosed platform. This is a sole source follow-on order and CPI Aero anticipates making deliveries starting in 2021. Terms of the order will not be disclosed. \u201cLast year we were honored to receive Raytheon Technologies\u2019 Premier Supplier Award in recognition of our work on the Next Generation Jammer Mid Band pod. This new contract demonstrates both Raytheon Missiles & Defense\u2019s continued trust in CPI Aero as a critical Tier 1 supplier and commitment to utilizing top-performing supply chain partners across their … <\/p>\n

Continue reading “CPI Aerostructures Awarded Contract From Raytheon Missiles & Defense”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-411095","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCPI Aerostructures Awarded Contract From Raytheon Missiles & Defense - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cpi-aerostructures-awarded-contract-from-raytheon-missiles-defense\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CPI Aerostructures Awarded Contract From Raytheon Missiles & Defense - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"EDGEWOOD, N.Y., Jan. 08, 2021 (GLOBE NEWSWIRE) — CPI Aerostructures, Inc. (\u201cCPI Aero\u201d) (NYSE American: CVU) announced today that it has received an order from Raytheon Missiles & Defense, a Raytheon Technologies business, to manufacture structural assemblies on an undisclosed platform. This is a sole source follow-on order and CPI Aero anticipates making deliveries starting in 2021. Terms of the order will not be disclosed. \u201cLast year we were honored to receive Raytheon Technologies\u2019 Premier Supplier Award in recognition of our work on the Next Generation Jammer Mid Band pod. 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