CPI Aerostructures Announces Multi-Million Dollar Purchase Orders from Boeing for A-10 Assemblies
CPI Aerostructures, Inc. ("CPI Aero®") (NYSE MKT:CVU) today announced that it has received purchase orders totaling more than $15 million from the Boeing Defense, Space & Security unit of The Boeing Company ("Boeing") for assemblies for the A-10 aircraft. These represent follow-on orders for CPI Aero’s previously announced long-term requirements contract to support Boeing's A-10 Wing Replacement Program (WRP). The A-10 WRP multi-million dollar contract between Boeing and CPI Aero includes the production of a variety of structural assemblies for up to 242 enhanced wings. Including these orders, CPI Aero has received firm requirements for 167 ship sets for the A-10 WRP program.
Including these orders, year-to-date contract awards from all customers total to a record of approximately $101.9 million, compared to approximately $69.9 million through November 30, 2012. Of note, 2013 year-to-date total awards is approximately $18 million higher than the previous record of $83.6 million in new contract awards reported in calendar year 2011.
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Source : CPI Aerostructures, Inc. - view original press release