CPI Aero Announces Award of KC-135 Order Valued at $3.1M

(EDGEWOOD, N.Y., Sept. 14, 2006) -- CPI Aerostructures, Inc. (AMEX Symbol: CVU) announced today that it has been awarded a $3.1 million contract to provide the U.S. Government with 37 trim tab assemblies for its KC-135 Stratotanker aircraft. Trim tabs are small surfaces that mechanically or electronically manipulate the rudder, elevator and ailerons to help stabilize an aircraft. The KC-135's principal mission is air refueling for Air Force, Navy and Marine Corps aircraft as well as for aircraft of allied nations. "This award comes from Tinker Air Force Base, as did the $1.14 million E-3A award we announced last week, which further emphasizes the relationship we have established with this Air Logistics Center," stated Edward J. Fred, CPI Aero's CEO & President. "We are quite familiar with the KC-135, as we previously delivered approximately 300 boom assemblies to Tinker for this aircraft. A boom assembly is the rigid structural part of the hose that allows for in-flight refueling. CPI Aero is excited to have been selected by Tinker to once again provide needed structural assemblies for the KC-135," concluded Mr. Fred. CPI Aero is engaged in the contract production of structural aircraft parts principally for the U.S. Air Force and other branches of the armed forces. In conjunction with its assembly operations, CPI Aero provides engineering, technical and program management services. Among the key programs that CPI Aero supplies are the C-5A Galaxy cargo jet, the T-38 Talon jet trainer, the A-10 Thunderbolt attack jet, the E-3 Sentry AWACS jet and the MH-60S mine countermeasure helicopter.

Source: CPI Aerostructures, Inc.
Date: Sep 14, 2006