CPI Aerostructures, Inc. engages in the contract production of structural aircraft parts for fixed wing aircraft and helicopters in the commercial and defense markets. The company also offers aero systems, such as reconnaissance pod structures and fuel panel systems; and supplies parts for maintenance, repair, and overhaul (MRO), as well as kitting contracts. In addition, it operates as a subcontractor for defense contractors and commercial contractors, as well as a contractor for the United States Department of Defense. Further, the company offers engineering, program management, supply chain management, kitting, and MRO services. Additionally, it offers machine gunner window assemblies, hover infrared suppression system module assemblies, wing sets and spares kits, lock assemblies, canopy activation drive shaft assemblies, rudder island and drag chute canister assemblies, composite electronics racks, structural wing components, fixed leading edges, and engine inlet assemblies. The company was formerly known as Consortium of Precision Industries, Inc. and changed its name to CPI Aerostructures, Inc. in July 1992. CPI Aerostructures, Inc. was incorporated in 1980 and is headquartered in Edgewood, New York.
IPO Year: 2022
Exchange: AMEX
Website: cpiaero.com
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EDGEWOOD, N.Y., March 12, 2026 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. ("CPI Aero" or the "Company") (NYSE:CVU) announced that Hamilton Sundstrand, a part of Collins Aerospace, has placed follow-on orders for RF/EMI (Radio Frequency/Electromagnetic Interference) shielded enclosures. These new orders will see deliveries continue through mid-2027. Compac Development Corporation, a wholly-owned subsidiary of CPI Aero, is a leading producer of RF/EMI shielded enclosures. Established in 1976, Compac offers a catalog of proprietary models in standard "off-the-shelf" sizes along with custom manufacturing capabilities ranging from prototype to production. Compac specializes in RFI/EMI shield
EDGEWOOD, N.Y., March 09, 2026 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. ("CPI Aero®" or the "Company") (NYSE:CVU) announced that it has received several funded orders totaling $4 million for overhaul and repair of the outboard stabilator assemblies in support of the Sikorsky MH-60 SEAHAWK helicopter. These funded orders were issued against a previously announced five-year, indefinite delivery indefinite quantity (IDIQ) contract from Sikorsky. "Repair and overhaul services are a core capability at CPI Aero, leveraging our expertise in airframe structural assembly and integration, supply chain management, and manufacturing engineering. This program, along with others underway at CPI Aer
EDGEWOOD, N.Y., March 03, 2026 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. ("CPI Aero®" or the "Company") (NYSE:CVU) announced that it has received funded orders totaling $6 million for Airborne Pods from Raytheon's Advanced Products & Solutions Strategic Business Unit. This program adds to the growing list of Airborne Pod Programs in CPI's Aerosystems Segment. The SOW includes the design and development of assembly tools and fixturing, procurement of complex monolithic machine parts and other detailed components, assembly and integration of the complete pod structure, and required testing. These funded orders were issued with a not-to-exceed (NTE) ceiling of $12 million. "Manufacturing
EDGEWOOD, N.Y., Feb. 26, 2026 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. ("CPI Aero" or the "Company") (NYSE:CVU) announced that Embraer S.A. of Brazil (NYSE:EMBJ) has placed several additional orders totaling $4.2 million against a previously announced Life of Program Agreement to manufacture engine inlet assemblies for the Embraer Phenom 300 business jets. These new orders will see deliveries continue through mid-2026 with continued funding anticipated in support of this life-of-program contract. Embraer Executive Aviation's Phenom 300 continues to lead its class, with 72 units delivered in 2025, the highest in 15 years, reinforcing production upside into 2026. "CPI Aero has been a s
EDGEWOOD, N.Y., Feb. 24, 2026 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. ("CPI Aero" or the "Company") (NYSE:CVU) announced that Lockheed Martin Aeronautics has placed several additional orders totaling $9 million against a previously announced Long Term Agreement to manufacture the Rudder Island Drag Chute Canister (RI/DCC) assemblies for the F-16 Block 70/72 fighter jets. These new orders will see deliveries continue through 2028. CPI Aero delivered its first RI/DCC assembly for the F-16 Block 70/72 in June 2021. CPI was awarded a second follow-on multi-year contract in 2023. This recent award adds funding for additional quantities under that Indefinite Delivery, Indefinite Quantity (
EDGEWOOD, N.Y., Dec. 09, 2025 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. ("CPI Aero®" or the "Company") (NYSE:CVU) announced today that it has appointed Robert Mannix to the position of Chief Financial Officer. Pamela Levesque, Interim Chief Financial Officer, will step down but will remain on CPI Aero's Board of Directors. Mr. Mannix has over 30 years of experience in all aspects of financial operations at publicly-traded companies including accounting, financial reporting, audit and compliance, treasury, tax, and financial planning and analysis. Prior to joining CPI Aero, Mr. Mannix served as Executive VP, Chief Accounting Officer, and Head of Tax & Treasury at West Technology Group,
EDGEWOOD, N.Y., Dec. 05, 2025 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. ("CPI Aero®" or the "Company") (NYSE:CVU) announced today that Dorith Hakim has been appointed to the Aerospace Industry Association's Executive Committee. AIA is the primary trade association and advocacy group for the U.S. aerospace and defense industry, representing a wide range of member companies. Its main purpose is to advocate for the industry's interests on legislative, policy, and technological issues, and develop and publish standards for aerospace products. It is led by a Board of Governors, Chaired by Phebe Novakovic, Chairman and Chief Executive Officer, General Dynamics Corporation, and Christopher T.
- Production Order for Pods and Air Management System valued at up to $42.3 Million – EDGEWOOD, N.Y., Nov. 20, 2025 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. ("CPI Aero®" or the "Company") (NYSE:CVU) announced today that Raytheon, an RTX business, authorized CPI Aero to begin manufacturing of Pods and Air Management System (AMS) for the follow-on Lot 5 Production phase of the Next Generation Jammer Mid-Band (NGJ-MB) program. Initial funding is set at $21.1 million with a not-to-exceed of $42.3 million. This Lot 5 contract award supports deliveries beginning in 2027. In December of 2024, the U.S. Navy declared initial operational capability (IOC) for the NGJ-MB Program. The NGJ-MB syst
Third Quarter 2025 vs. Third Quarter 2024 Revenue of $19.3 million compared to $19.4 million;Gross profit of $4.3 million compared to $4.2 million;Gross margin of 22.3% compared to 21.7%;Net income of $1.1 million compared to net income of $0.7 million;Earnings per share of $0.09 compared to earnings per share of $0.06;EBITDA(1) of $1.9 million compared to $1.7 million. Nine Months 2025 vs. Nine Months 2024 Revenue of $49.8 million compared to $59.3 million;Gross profit of $6.6 million compared to $12.9 million;Gross margin of 13.3% (20.4% excluding A-10 Program impact) compared to 21.7%;Net (loss) income of $(1.5) million compared to net income of $2.3 million;(Loss) earnings per s
EDGEWOOD, N.Y., Oct. 30, 2025 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. ("CPI Aero" or the "Company") (NYSE:CVU) today issued the following statement pursuant to Section 401(d) of the NYSE American Company Guide and at the request of the NYSE American, in connection with today's unusual trading activity in the Company's common stock: The Company has conducted internal review and inquiries and confirms that it is not aware of any material, undisclosed corporate developments that would account for the unusual trading activity observed today. Earlier today, CPI Aero issued a press release announcing that it received an order from Raytheon to manufacture structural missile wing assemblies
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EDGEWOOD, N.Y., Dec. 09, 2025 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. ("CPI Aero®" or the "Company") (NYSE:CVU) announced today that it has appointed Robert Mannix to the position of Chief Financial Officer. Pamela Levesque, Interim Chief Financial Officer, will step down but will remain on CPI Aero's Board of Directors. Mr. Mannix has over 30 years of experience in all aspects of financial operations at publicly-traded companies including accounting, financial reporting, audit and compliance, treasury, tax, and financial planning and analysis. Prior to joining CPI Aero, Mr. Mannix served as Executive VP, Chief Accounting Officer, and Head of Tax & Treasury at West Technology Group,
EDGEWOOD, N.Y., July 01, 2025 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. ("CPI Aero®" or the "Company") (NYSE:CVU) today announced that it has appointed Paula Castellano to the position of Senior Vice President, Operations. Ms. Castellano, 59, has extensive experience in Operations leadership and management, Lean and Six Sigma, production control, engineering, planning and customer service. Most recently, she served as Site Director at GKN Aerospace responsible for operational performance, continuous improvement, contract execution and overall leadership of the Amityville NY site. Prior to her tenure at GKN Aerospace, Ms. Castellano served a significant portion of her caree
EDGEWOOD, N.Y., Jan. 06, 2025 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. ("CPI Aero®" or the "Company") (NYSE:CVU), a leading manufacturer of structural assemblies in both the commercial and military defense aerospace markets, announced today that it has appointed Aerospace industry executive Carey Bond as Chairman of its Board of Directors effective immediately. Mr. Bond succeeds Terry Stinson, who has stepped down from the role in a planned succession after 6 years of service and after leading CPI through some of the most complex times in our industry. Mr. Stinson will remain on CPI Aero's Board of Directors as Vice-Chairman and will continue to share his strategic insights and govern
EDGEWOOD, N.Y., Aug. 20, 2024 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. ("CPI Aero®" or the "Company") (NYSE:CVU) today announced that it has appointed Philip Passarello to the position of Chief Financial Officer. Mr. Passarello has extensive experience in all aspects of financial functions including accounting, financial reporting, audit and compliance, treasury, and financial planning and analysis. His career spans more than 20 years in financial management, government compliance, strategic forecasting and systems implementation. Prior to joining CPI Aero, Mr. Passarello served as Vice President of Finance for TTM Technologies, a Printed Circuit Board and Aerospace and
EDGEWOOD, N.Y., Jan. 16, 2024 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. ("CPI Aero®" or the "Company") (NYSE:CVU) today announced that it has appointed Ross Johnson to the position of Vice President, Program Management. Mr. Johnson, 63, has extensive experience in program management, business development, marketing & sales, contracts, engineering technical support, customer support and aircraft operations. Most recently, he served as Director, Program Management at Sikorsky Aircraft, Inc. responsible for aircraft deliveries, customer management, contract execution and leadership of the aircraft build integrated product teams. He was further promoted to Director, Business Development fo
EDGEWOOD, N.Y., Oct. 24, 2023 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. ("CPI Aero®" or the "Company") (NYSE:CVU) today announced that its Board of Directors has appointed Pamela D. Levesque to serve as an independent Class II Director. She was also appointed to the Board's Audit and Finance Committee. Ms. Levesque, 66, brings a wealth of experience and knowledge garnered from a distinguished career spanning more than 35 years in the aerospace and defense industry. Throughout her career, Pamela has demonstrated exceptional leadership and expertise in various critical areas, including P&L management, government contracting, budget control, cost reduction, process improvement, project ma
EDGEWOOD, N.Y., June 20, 2023 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. ("CPI Aero" or "Company")) (NYSE:CVU) announced that its Board of Directors has appointed Rick Rosenjack as a new independent member of the Board effective immediately. He was also appointed to the Board's Nominating and Corporate Governance Committee. As a result of this appointment, CPI Aero has filled one of its two vacant Class II director seats. Mr. Rosenjack, 64, brings to CPI Aero 38 years of aerospace experience, and has twice led multi-site, international businesses with $1 billion in annual revenue. Currently, Mr. Rosenjack serves as President of NWI Aerostructures. Previously he held the role of Presiden
EDGEWOOD, N.Y., March 09, 2022 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. ("CPI Aero®") (the "Company") (NYSE:CVU) today announced the appointment of Dorith Hakim as Chief Executive Officer, President and director effective immediately, replacing Douglas McCrosson who is leaving the Company to pursue other opportunities. Ms. Hakim, 57, has a diverse and extensive experience in the aerospace industry. Most recently, she served as Group Vice President of Parker Hannifin Aerospace where she directed global supply chain for 11 divisions, 25 manufacturing sites and two joint ventures, and was accountable for $1.9 billion of spending. Before joining Parker Hannifin, Ms. Hakim was at Triumph G
EDGEWOOD, N.Y., Oct. 25, 2021 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. ("CPI Aero®") (the "Company") (NYSE:CVU) today announced the appointment of Andrew ("Andy") L. Davis, a financial executive with more than 30 years of experience in finance and accounting, as chief financial officer effective immediately. Mr. Davis replaces Thomas Powers who has been serving as acting chief financial officer since February 2020. Mr. Powers will remain with the Company in his prior role as director of FP&A until his planned retirement at the end of this year. Mr. Davis brings extensive controllership, financial reporting, and analysis, corporate governance, change management and investor relations
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EDGEWOOD, N.Y., Oct. 25, 2021 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. ("CPI Aero" or the "Company") (NYSE:CVU) announced today that its 2021 Annual Meeting of Shareholders will be held on Wednesday, December 29, 2021 at 9:00 a.m. Eastern Time at the Company's offices located at 91 Heartland Blvd., Edgewood New York, 11717. The record date for the meeting is November 4, 2021. Proxy materials will be mailed to shareholders of record on or about November 19, 2021 and will be available on the Securities and Exchange Commission website at www.sec.gov and on the Company's website at www.cpiaero.com. About CPI Aero CPI Aero is a U.S. manufacturer of structural assemblies for fixed wing ai
EDGEWOOD, N.Y., Dec. 28, 2020 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®”) (NYSE American: CVU) announced it has reached an agreement (“Settlement Agreement”) to resolve its post-closing working capital adjustment dispute with Air Industries Group (“Air Industries”) (NYSE American: AIRI) in exchange for payment of the $1,381,000 remaining in escrow to CPI Aero. In December 2018, CPI Aero completed the acquisition of Welding Metallurgy, Inc. from Air Industries for a purchase price of $7.9 million subject to a potential post-closing working capital adjustment. Of the purchase price, $2 million was placed in escrow at closing. A dispute arose regarding the post-closing working
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