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Stock Market & Financial Investment News

News Breaks
May 20, 2014
08:47 EDTCVU, TXTCPI 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.
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