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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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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 EDTTXTAerospace 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.
February 15, 2015
16:45 EDTTXTFAA proposes new rules for commercial operation of drones in U.S
The Department of Transportationís Federal Aviation Administration proposed a framework of regulations that would allow routine use of certain small unmanned aircraft systems, UAS, in todayís aviation system, while maintaining flexibility to accommodate future technological innovations. The FAA proposal offers safety rules for small UAS, under 55 pounds, conducting non-recreational operations. The rule would limit flights to daylight and visual-line-of-sight operations. It also addresses height restrictions, operator certification, optional use of a visual observer, aircraft registration and marking, and operational limits. Publicly traded companies in the space include General Dynamics (GD), Lockheed Martin (LMT), Northrop Grumman (NOC), AeroVironment (AVAV), SAIC (SAIC), Textron (TXT), Amazon.com (AMZN) and GoPro (GPRO). Reference Link

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