{"id":749220,"date":"2023-04-19T16:13:40","date_gmt":"2023-04-19T20:13:40","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/cpi-aerostructures-receives-3-6-million-follow-on-orders-for-welded-assemblies\/"},"modified":"2023-04-19T16:13:40","modified_gmt":"2023-04-19T20:13:40","slug":"cpi-aerostructures-receives-3-6-million-follow-on-orders-for-welded-assemblies","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cpi-aerostructures-receives-3-6-million-follow-on-orders-for-welded-assemblies\/","title":{"rendered":"CPI Aerostructures Receives $3.6 Million Follow-on Orders for Welded Assemblies"},"content":{"rendered":"
\n

EDGEWOOD, N.Y., April 19, 2023 (GLOBE NEWSWIRE) — CPI Aerostructures, Inc. (\u201cCPI Aero\u00ae\u201d or the \u201cCompany\u201d) (NYSE American: CVU) announced that it has received follow-on orders for complex welded structural assemblies used on a U.S. military helicopter from a current customer valued at approximately $3.6 million. Deliveries are expected to occur through mid-2024.<\/p>\n

\u201cThese follow-on orders demonstrate our customer’s continued confidence in CPI\u2019s ability to consistently perform complex, tight tolerance, fusion welding on critical structural assemblies while effectively managing our supply chain. We are proud to be a part of the Defense Industrial Base and the role we play in support of National Security,\u201d stated Dorith Hakim, President and CEO of CPI Aero.<\/p>\n

\n
\n About CPI Aero
<\/u>
\n <\/strong>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.<\/p>\n

\n
\n
\n Forward-looking Statements<\/u>
\n <\/em>
\n <\/strong>
\n
\n 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\u2019s forward-looking statements.<\/em>\n <\/p>\n

\n There are a number of important factors that could cause the Company\u2019s actual results to differ materially from those indicated or implied by its forward-looking statements, including those important factors set forth under the caption \u201cRisk Factors\u201d in the Company\u2019s Annual Report on Form 10-K for the period ended December 31, 2022 and the Company\u2019s 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. <\/em>\n <\/p>\n

CPI Aero\u00ae is a registered trademark of CPI Aerostructures, Inc. For more information, visit www.cpiaero.com<\/a>, and follow us on Twitter @CPIAERO<\/a>.<\/p>\n\n\n\n\n\n\n\n\n
\n
\n Contacts<\/u>
\n <\/strong>\n <\/td>\n		\u00a0<\/td>\n<\/tr>\n
\n Investor Relations Counsel<\/strong>\n <\/td>\n\n CPI Aerostructures, Inc.<\/strong>\n <\/td>\n<\/tr>\n
LHA Investor Relations<\/td>\nAndrew L. Davis<\/td>\n<\/tr>\n
Jody Burfening<\/td>\nChief Financial Officer<\/td>\n<\/tr>\n
(212) 838-3777<\/td>\n(631)586-5200<\/td>\n<\/tr>\n
\n
\n cpiaero@lhai.com<\/u>
\n <\/a>\n <\/td>\n		\n
\n www.cpiaero.com<\/u>
\n <\/a>\n <\/td>\n<\/tr>\n
\n
\n www.lhai.com<\/u>
\n <\/a>\n <\/td>\n		\u00a0<\/td>\n<\/tr>\n<\/table>\n


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

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

EDGEWOOD, N.Y., April 19, 2023 (GLOBE NEWSWIRE) — CPI Aerostructures, Inc. (\u201cCPI Aero\u00ae\u201d or the \u201cCompany\u201d) (NYSE American: CVU) announced that it has received follow-on orders for complex welded structural assemblies used on a U.S. military helicopter from a current customer valued at approximately $3.6 million. Deliveries are expected to occur through mid-2024. \u201cThese follow-on orders demonstrate our customer’s continued confidence in CPI\u2019s ability to consistently perform complex, tight tolerance, fusion welding on critical structural assemblies while effectively managing our supply chain. We are proud to be a part of the Defense Industrial Base and the role we play in support of National Security,\u201d stated Dorith Hakim, President and CEO of CPI Aero. About CPI Aero CPI Aero is a … <\/p>\n

Continue reading “CPI Aerostructures Receives $3.6 Million Follow-on Orders for Welded Assemblies”<\/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-749220","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCPI Aerostructures Receives $3.6 Million Follow-on Orders for Welded Assemblies - 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-receives-3-6-million-follow-on-orders-for-welded-assemblies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CPI Aerostructures Receives $3.6 Million Follow-on Orders for Welded Assemblies - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"EDGEWOOD, N.Y., April 19, 2023 (GLOBE NEWSWIRE) — CPI Aerostructures, Inc. (\u201cCPI Aero\u00ae\u201d or the \u201cCompany\u201d) (NYSE American: CVU) announced that it has received follow-on orders for complex welded structural assemblies used on a U.S. military helicopter from a current customer valued at approximately $3.6 million. Deliveries are expected to occur through mid-2024. \u201cThese follow-on orders demonstrate our customer’s continued confidence in CPI\u2019s ability to consistently perform complex, tight tolerance, fusion welding on critical structural assemblies while effectively managing our supply chain. We are proud to be a part of the Defense Industrial Base and the role we play in support of National Security,\u201d stated Dorith Hakim, President and CEO of CPI Aero. 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