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."
Global Military Helicopter Market - Annual Outlook - 2016 - Market & Technology Trends, Issues & Cha...
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.
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.