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Stock Market & Financial Investment News

News Breaks
July 14, 2014
08:50 EDTCVU, ERJCPI Aero, Embraer amend long-term supply agreement
CPI Aerostructures,(CVU) announced that Embraer (ERJ) amended its 2012 long term supply agreement with CPI Aero for the manufacture of engine inlet assemblies for the Phenom 300 business jet. The amendment is expected to generate incremental sales of approximately $9M over the next several years compared to the original agreement. The overall value of the long term agreement is now estimated by CPI Aero to be in excess of $50M.
News For CVU;ERJ From The Last 14 Days
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February 25, 2015
15:26 EDTCVUCPI Aerostructures announces $49M multi-year contract
CPI Aerostructures has been awarded a $49M indefinite-delivery/indefinite-quantity contract from the United States Air Force to provide structural modification kits for the T-38C Pacer Classic III aircraft structural modification program.
February 23, 2015
06:51 EDTERJAerospace sector downgraded to Neutral from Attractive at Goldman
Goldman downgraded the Aerospace sector to Neutral based on group outperformance and increased downside risks. The firm believes Boeing (BA) and Airbus are now oversupplying the market after a decade of undersupply and replacement demand required to sustain production may prove difficult to achieve. Goldman said accelerated new aircraft replacements was partially due to fuel economics and lower fuel prices and global growth volatility could substantially change Aerospace dynamics. As part of the sector view change, Goldman downgraded Boeing to Sell from Neutral and Precision Castparts (PCP) to Natural from Buy.

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