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Stock Market & Financial Investment News

News Breaks
May 20, 2014
08:47 EDTTXT, CVUCPI Aerostructures receives new orders from Cessna totaling $4M
CPI Aerostructures (CVU) announced that it received a purchase order from Cessna Aircraft Company, part of the Textron Aviation segment of Textron (TXT), to supply wing spar assemblies on their flagship aircraft, the Citation X+. This order is for approximately $4M and is a follow-on to the long-term agreement announced in October 2012. CPI Aero estimates the total value of this LTA to be approximately $41M through 2019. The total value of firm orders under this LTA is now approximately $9.3M. CPI Aero commenced deliveries to Cessna in 2013.
News For CVU;TXT From The Last 14 Days
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November 21, 2014
16:06 EDTCVUCPI Aerostructures receives protest in connection with F-16 wing contract
CPI Aerostructures announced that its status as a small business concern has been protested in connection with its previously announced receipt of a U.S. Government prime contract from the Defense Logistics Agency to provide structural wing components and logistical support for F-16 aircraft maintenance, repair and overhaul operations. The company has been notified by the U.S. Small Business Administration that the SBA will be making a determination of the size status of the company after the company provides required information to the SBA. Because of the protest, the company has received a stop-work order from the DLA. The company is preparing its response to the SBA.
November 20, 2014
07:35 EDTTXTTextron price target raised to $52 from $46 at Jefferies
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November 19, 2014
07:55 EDTCVUCPI Aerostructures to host analyst/investor meeting
Analyst/Investor Meeting to be held in New York on November 24 at 9:45 am. Webcast Link
November 17, 2014
08:47 EDTCVUCPI Aerostructures awarded $53.5M contract for F-16 wing components from DLA
CPI Aerostructures announced that it has received a U.S. Government prime contract from the Defense Logistics Agency, or DLA, to provide structural wing components and logistical support for global F-16 aircraft maintenance, repair and overhaul, or MRO, operations. DLA Aviation, Richmond, VA is the contracting activity. CPI Aero will support wing MRO efforts for both the U.S. fleet of more than 1,000 F-16 aircraft as well as the nearly 1,900 F-16s flown by air forces around the world. The term of the contract is for a period of 5 years, with a single option for an additional 3-year period. The company estimates the value of the contract, including options, to be approximately $53.5M.
November 14, 2014
12:29 EDTTXTTextron management to meet with Jefferies
Meetings to be held in Los Angeles/San Francisco on November 17-18 hosted by Jefferies.
November 13, 2014
10:02 EDTTXTHoneywell selected as production aircraft engine supplier for AirLand Scorpion
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