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Stock Market & Financial Investment News

News Breaks
December 6, 2012
08:48 EDTVLY, CVUCPI Aerostructures increases revolving credit facility from $17M to $35M
CPI Aerostructures (CVU) has amended its existing credit agreement to increase revolving credit commitments from $17M to $35M and to continue a $3.9M principal balance term loan. The revolving credit line was extended four years until December 5, 2016. The facility permits CPI Aero to request increases in revolving credit commitments to up to $50M in aggregate. Valley National Bank (VLY) joined Sovereign Bank as a lender under the facility.
News For CVU;VLY 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 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 12, 2014
07:30 EDTVLYSandler O'Neill to hold a conference
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