CPI Aero Announces $9.6 M in New Funding for Wing Kits from NGC
Newsletter Subscription


Wednesday, August 20, 2014


CPI Aero Announces $9.6 M in New Funding for Wing Kits from NGC

CPI Aerostructures, Inc. (“CPI Aero®”) (NYSE MKT: CVU) has received a $9.6 million modification to a previously announced purchase order from Northrop Grumman Corporation (NYSE:NOC) authorizing the start of production of additional Outer Wing Panel (OWP) kits. The kits are for use in the manufacture of complete wings for the E-2D Advanced Hawkeye. This modification supports the E-2D program full-rate production lot 1.

This modification provides new E-2D Advanced Hawkeye funding for CPI Aero. CPI Aero has been producing OWP kits for the E-2D and the C-2A aircraft since June 2008. CPI Aero has received firm orders and advanced funding for OWP kits totaling approximately $46.3 million.


Source : CPI Aerostructures Inc.

Published on ASDNews: Aug 29, 2012

 

Military Flight Training Conference

Sep 22 - 23, 2014 - London, United Kingdom

Register More info


US Export Controls with REFORM CHANGES Seminar

Sep 8 - 11, 2014 - Huntsville, United States

Register More info


© 2004-2014 • ASDNews • be the first to know • contact usterms & conditionsprivacy policyadvertisingfaqs