Newsletter Subscription

Sunday, March 29, 2015

CPI Announces $1.4 M in New Orders from Bell Helicopter

  • 2011 New Business Orders Exceed $79 Million, Sets All-Time Record
Edgewood, N.Y. - CPI Aerostructures, Inc. ("CPI Aero(R)") (NYSE Amex: CVU) announced today that it has received new purchase orders totaling $1.4 million from Bell Helicopter, a Textron Inc. (NYSE: TXT) company, for the manufacture of various assemblies for the AH-1Z ZULU attack helicopter. The new orders were for additional requirements to a contract CPI Aero announced in March 2011. Including the new orders, CPI Aero has received aggregate orders in excess of $1.67 million for AH-1Z aircraft assemblies. The AH-1Z is a twin-engine attack helicopter used by the United States Department of Defense. The AH-1Z reached initial operational capability in September 2010 and was approved to begin full-rate production in December 2010.

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."

Related Research on
Military Helicopter & Rotorcraft Manufacturers

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.

Published on ASDNews: Oct 4, 2011


Air Mission Planning Conference

Jul 6 - 7, 2015 - London, United Kingdom

Register More info

EAR/ITAR Boot Camp

Sep 17 - 18, 2015 - Anapolis, United States

Register More info

© 2004-2015 • ASDNews • be the first to know • contact usterms & conditionsprivacy policyadvertisingfaqs