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
8-K - CPI AEROSTRUCTURES INC (0000889348) (Filer)
10-Q - CPI AEROSTRUCTURES INC (0000889348) (Filer)
NT 10-Q - CPI AEROSTRUCTURES INC (0000889348) (Filer)
8-K - CPI AEROSTRUCTURES INC (0000889348) (Filer)
8-K - CPI AEROSTRUCTURES INC (0000889348) (Filer)
8-K - CPI AEROSTRUCTURES INC (0000889348) (Filer)
10-Q - CPI AEROSTRUCTURES INC (0000889348) (Filer)
8-K - CPI AEROSTRUCTURES INC (0000889348) (Filer)
DEFA14A - CPI AEROSTRUCTURES INC (0000889348) (Filer)
DEF 14A - CPI AEROSTRUCTURES INC (0000889348) (Filer)
Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.
4 - CPI AEROSTRUCTURES INC (0000889348) (Issuer)
4 - CPI AEROSTRUCTURES INC (0000889348) (Issuer)
4 - CPI AEROSTRUCTURES INC (0000889348) (Issuer)
4 - CPI AEROSTRUCTURES INC (0000889348) (Issuer)
4 - CPI AEROSTRUCTURES INC (0000889348) (Issuer)
4 - CPI AEROSTRUCTURES INC (0000889348) (Issuer)
4 - CPI AEROSTRUCTURES INC (0000889348) (Issuer)
4 - CPI AEROSTRUCTURES INC (0000889348) (Issuer)
4 - CPI AEROSTRUCTURES INC (0000889348) (Issuer)
4 - CPI AEROSTRUCTURES INC (0000889348) (Issuer)
Fastest customizable press release news feed in the world
Second Quarter 2025 vs. Second Quarter 2024 Revenue of $15.2 million compared to $20.8 million; Gross profit of $0.7 million compared to $5.1 million; Gross margin of 4.4% (17.1% excluding A-10 Program impact) compared to 24.6%; Net (loss) income of $(1.3) million compared to net income of $1.4 million; (Loss) earnings per share of $(0.10) compared to earnings per share of $0.11; Adjusted EBITDA(1) of $(1.7) million ($0.6 million excluding A-10 Program impact) compared to $2.6 million. Six Months 2025 vs. Six Months 2024 Revenue of $30.6 million compared to $39.9 million; Gross profit of $2.3 million compared to $8.7 million; Gross margin of 7.6% (19
EDGEWOOD, N.Y., Aug. 04, 2025 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. ("CPI Aero®" or the "Company") (NYSE:CVU) announced that it has received multiple purchase orders totaling $2.5 million under a previously announced contract from the U.S. Air Force valued at up to $65.7 million to provide structural modification kits, program management, logistics, and other sustainment services in support of Phase 3 of the T-38C Pacer Classic III Fuselage Structural Modification Kit Integration program ("PCIII") and the Talon Repair Inspection and Maintenance ("TRIM") program. The new purchase orders bring the total funded value of the contract to $50.8 million and support additional kit deliverie
EDGEWOOD, N.Y., July 30, 2025 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. ("CPI Aero®" or the "Company") (NYSE:CVU) today announced that it has received follow-on orders from multiple existing customers totaling $2.4 million to weld complex structural assemblies used on a U.S. military helicopter. Deliveries are expected to occur through mid-2026. "CPI Aero's world-class fusion welding capability is highly regarded throughout the industry. NADCAP certified to numerous OEM welding specifications, CPI is proud of its long history providing critical components and assemblies in support of fixed and rotary wing aircraft for the U.S. Defense and Allied Forces. These follow-on orders demonst
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
PARIS, June 17, 2025 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. ("CPI Aero®" or the "Company") (NYSE:CVU) announced today that it has signed another Long-Term Agreement ("LTA") with MST Manufacturing ("MST") during the international air show in Paris, France, for the supply of components in support of its aerostructures production. This LTA will cover CPI Aero's requirements from MST through the end of calendar year 2028. "We've had a strong relationship with MST and, this second LTA reflects their performance as a critical supplier to CPI Aero, and rewards them for supporting our new programs," stated Dorith Hakim, president and CEO of CPI Aero. Kenneth Statton, CEO & founder of MST a
First Quarter 2025 vs. First Quarter 2024 Revenue of $15.4 million compared to $19.1 million; Gross profit of $1.6 million compared to $3.6 million; Gross margin of 10.7% compared to 18.6%; Net (loss) income of $(1.3) million compared to net income of $0.2 million; (Loss) earnings per share of $(0.10) compared to earnings per share of $0.01; Adjusted EBITDA(1) of $(0.8) million compared to $1.2 million; Cash flow used in operations of $2.7 million compared to $1 million. EDGEWOOD, N.Y., May 15, 2025 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. ("CPI Aero" or the "Company") (NYSE:CVU) today announced financial results for the three month period ended March 31, 2025. "Our first qua
EDGEWOOD, N.Y., April 07, 2025 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. ("CPI Aero®" or the "Company") (NYSE:CVU) announced today that they completed production and delivery of an Airborne Laser Mine Detection System (ALMDS) pod structure for Northrop Grumman. The pod supports a contract awarded to Northrop Grumman in February 2023 by Korea Aerospace Industries, Ltd. (KAI), aiming to deliver ALMDS solutions and technical assistance for the Engineering, Manufacturing, and Design (EMD) phase of the Republic of Korea's Mine Countermeasures Helicopter (KMCH) program. The EMD phase is expected to be completed in 2027. There is also the potential for a follow-on order for Low-Rate Production
Fourth Quarter 2024 vs. Fourth Quarter 2023 Revenue of $21.8 million compared to $23.5 million;Gross profit of $4.3 million compared to $4.1 million;Gross margin of 20.0% compared to 17.4%;Net income of $1.0 million ($1.4 million excluding deferred tax asset valuation impact) compared to net income of $14.8 million ($0.6 million excluding deferred tax asset valuation impact);Earnings per share of $0.08 ($0.11 excluding deferred tax asset valuation impact) compared to earnings per share of $1.20 ($0.05 excluding deferred tax asset valuation impact);Adjusted EBITDA(1) of $2.3 million compared to $1.8 million;Cash flow from operations of $4.4 million compared to $3.1 million. Full Year 2024
EDGEWOOD, N.Y., Feb. 03, 2025 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. ("CPI Aero®" or the "Company") (NYSE:CVU) announced that it has received several funded orders totaling $7 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 Aero
EDGEWOOD, N.Y., Jan. 21, 2025 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. ("CPI Aero®" or the "Company") (NYSE:CVU) announced that it has received several contracts totaling $4.3 Million for gunner window assemblies for the UH-60M Black Hawk® helicopter as part of a previously announced five-year, indefinite delivery indefinite quantity (IDIQ) contract. "CPI Aero has delivered over 6,000 of these gunner window assemblies to Sikorsky since 2010, demonstrating our continuous commitment to quality and customer satisfaction. CPI Aero is proud of the work we do on this critical program in support of the Black Hawk helicopter fleet," stated Dorith Hakim, President and CEO of CPI Aero.
Live Leadership Updates
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
Live finance-specific insights
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
This live feed shows all institutional transactions in real time.
SC 13G/A - CPI AEROSTRUCTURES INC (0000889348) (Subject)
SC 13G/A - CPI AEROSTRUCTURES INC (0000889348) (Subject)
SC 13G/A - CPI AEROSTRUCTURES INC (0000889348) (Subject)
SC 13G/A - CPI AEROSTRUCTURES INC (0000889348) (Subject)
SC 13G - CPI AEROSTRUCTURES INC (0000889348) (Subject)
SC 13G/A - CPI AEROSTRUCTURES INC (0000889348) (Subject)
SC 13G/A - CPI AEROSTRUCTURES INC (0000889348) (Subject)
SC 13G/A - CPI AEROSTRUCTURES INC (0000889348) (Subject)
SC 13G/A - CPI AEROSTRUCTURES INC (0000889348) (Subject)
SC 13G/A - CPI AEROSTRUCTURES INC (0000889348) (Subject)
Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.
4 - CPI AEROSTRUCTURES INC (0000889348) (Issuer)
4 - CPI AEROSTRUCTURES INC (0000889348) (Issuer)
4 - CPI AEROSTRUCTURES INC (0000889348) (Issuer)
4 - CPI AEROSTRUCTURES INC (0000889348) (Issuer)
4 - CPI AEROSTRUCTURES INC (0000889348) (Issuer)
4 - CPI AEROSTRUCTURES INC (0000889348) (Issuer)