CPI Announces $1.4 M in New Orders from Bell Helicopter
- 2011 New Business Orders Exceed $79 Million, Sets All-Time Record
Edward J. Fred, CPI Aero's President & CEO stated, "Bell's vote of confidence in CPI Aero, backed by this follow-on order, is extremely satisfying. We are very proud to be part of this important DoD program and our association with Bell, a leading helicopter producer. Shipments on this order should begin in early 2012."
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Separately, CPI Aero announced that it has received authorization from an existing customer for work on an existing program that adds more than $15.7 million to its current backlog. Details of this award will be announced at a later time.
Collectively, these new awards increase year-to-date orders from all customers to $79.1 million through the first nine months of 2011, well in excess of the previous annual record of $61.7 million, achieved in 2010.
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Source : CPI Aerostructures Inc.