CPI Aerostructures Announces $500,000 Contract Award from Sikorsky Aircraft

(EDGEWOOD, N.Y., Dec. 18, 2006) -- CPI Aerostructures, Inc. (AMEX: CVU) ("CPI Aero") announced today that it has received contracts from Sikorsky Aircraft Corporation valued in excess of $500,000 for the S-92 helicopter. CPI Aero will be providing seat fitting kits, search and rescue (SAR) door provision kits and SAR completion kits. Deliveries of the kits have recently begun and will be completed in early 2007. The S-92 is the newest aircraft in Sikorsky's civil product line. The S-92 fleet spans several countries, and performs a number of missions, including Offshore Oil, Corporate VIP, Head of State and Search and Rescue. "We are very proud of the fact that we continue to expand our business base with Sikorsky, one of the world's leading helicopter manufacturers," stated Edward J. Fred, CPI Aero's CEO & President. "We are working diligently to provide quality products and to strengthen Sikorsky's confidence in CPI Aero as a premier subcontractor of aircraft structure and as a long term partner in their success."

Source: CPI Aerostructures
Date: Dec 18, 2006

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