{"id":834387,"date":"2025-04-07T08:06:49","date_gmt":"2025-04-07T12:06:49","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/cpi-aerostructures-delivers-airborne-pod-structure-in-support-of-northrop-grummans-airborne-laser-mine-detection-program-for-korea\/"},"modified":"2025-04-07T08:06:49","modified_gmt":"2025-04-07T12:06:49","slug":"cpi-aerostructures-delivers-airborne-pod-structure-in-support-of-northrop-grummans-airborne-laser-mine-detection-program-for-korea","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cpi-aerostructures-delivers-airborne-pod-structure-in-support-of-northrop-grummans-airborne-laser-mine-detection-program-for-korea\/","title":{"rendered":"CPI Aerostructures Delivers Airborne Pod Structure in Support of Northrop Grumman\u2019s Airborne Laser Mine Detection Program for Korea"},"content":{"rendered":"<h2>\n1st pod delivery for Northrop Grumman\u2019s EMD Phase of Program with KAI<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p align=\"justify\">EDGEWOOD, N.Y., April  07, 2025  (GLOBE NEWSWIRE) &#8212; CPI Aerostructures, Inc. (\u201cCPI Aero\u00ae\u201d or the \u201cCompany\u201d) (NYSE American: CVU) announced today that they completed production and delivery of an Airborne Laser Mine Detection System (ALMDS) pod structure for Northrop Grumman. The pod supports a contract awarded to Northrop Grumman in February 2023 by Korea Aerospace Industries, Ltd. (KAI), aiming to deliver ALMDS solutions and technical assistance for the Engineering, Manufacturing, and Design (EMD) phase of the Republic of Korea\u2019s Mine Countermeasures Helicopter (KMCH) program. The EMD phase is expected to be completed in 2027. There is also the potential for a follow-on order for Low-Rate Production of eight pods worth approximately $3 million.<\/p>\n<p align=\"justify\">The mission of ALMDS is to rapidly detect, classify and localize floating and near-surface moored mines. ALMDS is capable of untethered day or night operations, which allows it to attain high area search rates. ALMDS also provides accurate target geo-location to support follow-on neutralization of detected mines. Northrop Grumman\u2019s self-contained design allows ALMDS to be installed on several aircraft types. \u201cCPI Aero has delivered 28 ALMDS Pod structures to Northrop Grumman \u2013 24 for the U.S. Navy and 4 for the Japanese Maritime Self Defense Force, dating back to 2007,\u201d said Dorith Hakim, president and CEO of CPI Aero. \u201cThis program is further demonstration of CPI Aero\u2019s expertise in manufacturing airborne pods in support of multiple Tier 1 customers for multiple mission areas, including Electronic Warfare (EW) and Intelligence Surveillance and Reconnaissance (ISR).\u201d<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <u>About CPI Aero <\/u><br \/>\n        <\/strong>\u00a0<br \/>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<p align=\"justify\">\n        <strong><br \/>\n          <em><br \/>\n            <u>Forward-looking Statements<\/u><br \/>\n          <\/em><br \/>\n        <\/strong>\u00a0<br \/><em>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. Words such as \u201cexpected,\u201d \u201cpotential,\u201d and similar expressions are intended to identify 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><\/p>\n<p align=\"justify\">\n        <em>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\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, 2024 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. <\/em>\n      <\/p>\n<p align=\"justify\">CPI Aero\u00ae is a registered trademark of CPI Aerostructures, Inc. For more information, visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=wwc-nDox_PtGzknxT19krJFsnAOHbg7ttDwlyYIwgf32fm2XomHLvQ44fWaiOiRbjHW9Cn8j5D5pdYU-OjAe4Q==\" rel=\"nofollow\" target=\"_blank\">www.cpiaero.com<\/a>, and follow us on Twitter @CPIAERO.<\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"max-width:50%;width:50%;min-width:50%;text-align: justify;vertical-align: middle;vertical-align: top\">\n            <strong>Contacts:<\/strong>\u00a0<\/td>\n<td style=\"max-width:50%;width:50%;min-width:50%;text-align: justify;vertical-align: middle;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: justify;vertical-align: middle;vertical-align: top\">Investor Relations Counsel<\/td>\n<td style=\"text-align: justify;vertical-align: middle;vertical-align: top\">CPI Aerostructures, Inc.<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: justify;vertical-align: middle;vertical-align: top\">Alliance Advisors IR<\/td>\n<td style=\"text-align: justify;vertical-align: middle;vertical-align: top\">Philip Passarello<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: justify;vertical-align: middle;vertical-align: top\">Jody Burfening\u00a0<\/td>\n<td style=\"text-align: justify;vertical-align: middle;vertical-align: top\">Chief Financial Officer<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: justify;vertical-align: middle;vertical-align: top\">(212) 838-3777<\/td>\n<td style=\"text-align: justify;vertical-align: middle;vertical-align: top\">(631) 586-5200<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: justify;vertical-align: middle;vertical-align: top\">\n            <a href=\"mailto:cpiaero@allianceadvisors.com\u00a0\" rel=\"nofollow\" target=\"_blank\">cpiaero@allianceadvisors.com<\/a>\n          <\/td>\n<td style=\"text-align: justify;vertical-align: middle;vertical-align: top\">\n            <a href=\"mailto:ppassarello@cpiaero.com\" rel=\"nofollow\" target=\"_blank\">ppassarello@cpiaero.com<\/a>\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: justify;vertical-align: middle;vertical-align: top\">\u00a0<\/td>\n<td style=\"text-align: justify;vertical-align: middle;vertical-align: top\">\n            <a href=\"http:\/\/www.cpiaero.com\" rel=\"nofollow\" target=\"_blank\">www.cpiaero.com<\/a>\u00a0<\/td>\n<\/tr>\n<\/table>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQxNzY5MiM2ODUzMjY4IzIwMTAyNDk=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/YTFiYjEwN2MtMWEwYi00ZGViLTgwODAtM2Q1ZjExNzdmZGMwLTEwMjE4MjItMjAyNS0wNC0wNy1lbg==\/tiny\/CPI-Aerostructures-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>1st pod delivery for Northrop Grumman\u2019s EMD Phase of Program with KAI EDGEWOOD, N.Y., April 07, 2025 (GLOBE NEWSWIRE) &#8212; CPI Aerostructures, Inc. (\u201cCPI Aero\u00ae\u201d or the \u201cCompany\u201d) (NYSE American: CVU) announced today that they completed production and delivery of an Airborne Laser Mine Detection System (ALMDS) pod structure for Northrop Grumman. The pod supports a contract awarded to Northrop Grumman in February 2023 by Korea Aerospace Industries, Ltd. (KAI), aiming to deliver ALMDS solutions and technical assistance for the Engineering, Manufacturing, and Design (EMD) phase of the Republic of Korea\u2019s Mine Countermeasures Helicopter (KMCH) program. The EMD phase is expected to be completed in 2027. There is also the potential for a follow-on order for Low-Rate Production of eight &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cpi-aerostructures-delivers-airborne-pod-structure-in-support-of-northrop-grummans-airborne-laser-mine-detection-program-for-korea\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;CPI Aerostructures Delivers Airborne Pod Structure in Support of Northrop Grumman\u2019s Airborne Laser Mine Detection Program for Korea&#8221;<\/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-834387","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CPI Aerostructures Delivers Airborne Pod Structure in Support of Northrop Grumman\u2019s Airborne Laser Mine Detection Program for Korea - 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-delivers-airborne-pod-structure-in-support-of-northrop-grummans-airborne-laser-mine-detection-program-for-korea\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CPI Aerostructures Delivers Airborne Pod Structure in Support of Northrop Grumman\u2019s Airborne Laser Mine Detection Program for Korea - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"1st pod delivery for Northrop Grumman\u2019s EMD Phase of Program with KAI EDGEWOOD, N.Y., April 07, 2025 (GLOBE NEWSWIRE) &#8212; CPI Aerostructures, Inc. (\u201cCPI Aero\u00ae\u201d or the \u201cCompany\u201d) (NYSE American: CVU) announced today that they completed production and delivery of an Airborne Laser Mine Detection System (ALMDS) pod structure for Northrop Grumman. The pod supports a contract awarded to Northrop Grumman in February 2023 by Korea Aerospace Industries, Ltd. (KAI), aiming to deliver ALMDS solutions and technical assistance for the Engineering, Manufacturing, and Design (EMD) phase of the Republic of Korea\u2019s Mine Countermeasures Helicopter (KMCH) program. The EMD phase is expected to be completed in 2027. There is also the potential for a follow-on order for Low-Rate Production of eight &hellip; Continue reading &quot;CPI Aerostructures Delivers Airborne Pod Structure in Support of Northrop Grumman\u2019s Airborne Laser Mine Detection Program for Korea&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/cpi-aerostructures-delivers-airborne-pod-structure-in-support-of-northrop-grummans-airborne-laser-mine-detection-program-for-korea\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-07T12:06:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQxNzY5MiM2ODUzMjY4IzIwMTAyNDk=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cpi-aerostructures-delivers-airborne-pod-structure-in-support-of-northrop-grummans-airborne-laser-mine-detection-program-for-korea\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cpi-aerostructures-delivers-airborne-pod-structure-in-support-of-northrop-grummans-airborne-laser-mine-detection-program-for-korea\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"CPI Aerostructures Delivers Airborne Pod Structure in Support of Northrop Grumman\u2019s Airborne Laser Mine Detection Program for Korea\",\"datePublished\":\"2025-04-07T12:06:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cpi-aerostructures-delivers-airborne-pod-structure-in-support-of-northrop-grummans-airborne-laser-mine-detection-program-for-korea\\\/\"},\"wordCount\":641,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cpi-aerostructures-delivers-airborne-pod-structure-in-support-of-northrop-grummans-airborne-laser-mine-detection-program-for-korea\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTQxNzY5MiM2ODUzMjY4IzIwMTAyNDk=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cpi-aerostructures-delivers-airborne-pod-structure-in-support-of-northrop-grummans-airborne-laser-mine-detection-program-for-korea\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cpi-aerostructures-delivers-airborne-pod-structure-in-support-of-northrop-grummans-airborne-laser-mine-detection-program-for-korea\\\/\",\"name\":\"CPI Aerostructures Delivers Airborne Pod Structure in Support of Northrop Grumman\u2019s Airborne Laser Mine Detection Program for Korea - 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(\u201cCPI Aero\u00ae\u201d or the \u201cCompany\u201d) (NYSE American: CVU) announced today that they completed production and delivery of an Airborne Laser Mine Detection System (ALMDS) pod structure for Northrop Grumman. The pod supports a contract awarded to Northrop Grumman in February 2023 by Korea Aerospace Industries, Ltd. (KAI), aiming to deliver ALMDS solutions and technical assistance for the Engineering, Manufacturing, and Design (EMD) phase of the Republic of Korea\u2019s Mine Countermeasures Helicopter (KMCH) program. The EMD phase is expected to be completed in 2027. There is also the potential for a follow-on order for Low-Rate Production of eight &hellip; Continue reading \"CPI Aerostructures Delivers Airborne Pod Structure in Support of Northrop Grumman\u2019s Airborne Laser Mine Detection Program for Korea\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/cpi-aerostructures-delivers-airborne-pod-structure-in-support-of-northrop-grummans-airborne-laser-mine-detection-program-for-korea\/","og_site_name":"Market Newsdesk","article_published_time":"2025-04-07T12:06:49+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQxNzY5MiM2ODUzMjY4IzIwMTAyNDk=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cpi-aerostructures-delivers-airborne-pod-structure-in-support-of-northrop-grummans-airborne-laser-mine-detection-program-for-korea\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cpi-aerostructures-delivers-airborne-pod-structure-in-support-of-northrop-grummans-airborne-laser-mine-detection-program-for-korea\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"CPI Aerostructures Delivers Airborne Pod Structure in Support of Northrop Grumman\u2019s Airborne Laser Mine Detection Program for Korea","datePublished":"2025-04-07T12:06:49+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cpi-aerostructures-delivers-airborne-pod-structure-in-support-of-northrop-grummans-airborne-laser-mine-detection-program-for-korea\/"},"wordCount":641,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cpi-aerostructures-delivers-airborne-pod-structure-in-support-of-northrop-grummans-airborne-laser-mine-detection-program-for-korea\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQxNzY5MiM2ODUzMjY4IzIwMTAyNDk=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cpi-aerostructures-delivers-airborne-pod-structure-in-support-of-northrop-grummans-airborne-laser-mine-detection-program-for-korea\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/cpi-aerostructures-delivers-airborne-pod-structure-in-support-of-northrop-grummans-airborne-laser-mine-detection-program-for-korea\/","name":"CPI Aerostructures Delivers Airborne Pod Structure in Support of Northrop Grumman\u2019s Airborne Laser Mine Detection Program for Korea - 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