CPI Aerostructures, Inc. and MST Manufacturing Sign Long Term Agreement

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 added, "CPI Aero continues to be a strong and reliable part of our business model. We are excited to continue building on our relationship and hope to continue this trajectory through our dedication to superior customer service, innovation and speed of execution."

About CPI Aero: CPI Aero is a U.S. manufacturer of structural assemblies for fixed wing aircraft, helicopters and airborne Intelligence Surveillance and Reconnaissance pod systems in both the commercial aerospace and national security markets. Within the global aerostructure supply chain, CPI Aero is either a Tier 1 supplier to aircraft OEMs or a Tier 2 subcontractor to major Tier 1 manufacturers. CPI Aero also is a prime contractor to the U.S. Department of Defense, primarily the Air Force. In conjunction with its assembly operations, CPI Aero provides engineering, program management, supply chain management, and MRO services.

About MST Manufacturing: MST is located on in Claremore, Oklahoma with over 75,000 square feet of manufacturing space and more than 110 team members. With AS9100, ISO9001 and ITAR certifications, MST is propelling itself to be one of Oklahoma's premier and most respected complex CNC machining and fabrication companies. MST operates over 60 CNC machines, sheet metal forming machines, waterjets as well as a host of support services from engineering, large capacity CMM's to multiple levels of CAD/CAM software. MST offers CNC machining services up to 150" which includes 5-axis milling and multi-axis turning as well as complex sheet metal forming utilizing rubber head presses and sheet metal brakes.

Forward-looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included in this press release are forward-looking statements. Forward-looking statements may include, but are not limited to, statements regarding the anticipated benefits of the Long-Term Agreement with MST and the continuation of the business relationship between the parties.

Forward-looking statements involve risks and uncertainties, and actual results may differ materially from those expressed or implied by forward-looking statements. There are a number of important factors that could cause the Company's actual results to differ materially from those indicated or implied by its forward-looking statements, including those important factors set forth under the caption "Risk Factors" in the Company's Annual Report on Form 10-K for the period ended December 31, 2024, and its subsequent filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

CPI Aero® is a registered trademark of CPI Aerostructures, Inc. For more information, visit www.cpiaero.com, and follow us on Twitter @CPIAERO.