CPI Aero Announces Contract Extension from Spirit AeroSystems for Business Jet Wing Leading Edges Through 2019
CPI Aerostructures, Inc. (“CPI Aero®”) (NYSE MKT: CVU) today announced that it has reached an agreement with Spirit AeroSystems, Inc. (“Spirit”) to extend its contract for manufacturing wing leading edge assemblies for a business jet aircraft through 2019. CPI Aero’s contract, originally signed in 2008, was to have expired at the end of 2013.
The Company also announced that it has received additional purchase orders from Spirit for business jet wing leading edge assemblies that extend CPI Aero’s funded backlog for this program through December 2013.
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Source : CPI Aerostructures, Inc.