CPI Aero Announces New C-5 Order Valued at $1.24 MEdgewood, N.Y. - CPI Aerostructures, Inc. ("CPI Aero(R)") (NYSE Amex: CVU) today announced that it has received a $1.24 million purchase order from the United States Air Force ("USAF") for structural assemblies for the C-5B/M aircraft. Deliveries are scheduled to commence in mid-2012.
Edward J. Fred, CPI Aero's President and CEO, stated, "CPI Aero has been a major supplier of C-5 structure to the USAF for more than 15 years. Since 2003, the USAF has ordered more than $45 million of C-5 assemblies under the C-5 TOP contract. The USAF's ordering period for the C-5 TOP contract closed in May 2011, with shipments concluding in late 2012. This new award demonstrates that our C-5 work extends beyond the TOP contract and is a positive sign that the C-5 platform will continue to be an important aircraft for CPI Aero in the future."
Your company’s press release on ASDNews and to thousands of other journalists and editors? Use our ASDWire press release distribution service.
Source : CPI Aerostructures Inc.
Jun 20 - 22, 2016 - Washington, United States