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News Breaks
November 9, 2012
08:47 EDTCVUCPI Aerostructures sees FY12 gross margin at high end of 25%-27% range
Says will achieve net income guidance of $12M. Discussing the outlook for 2013, the company says “As is the case for our industry peers, it remains unclear whether sequestration will take effect in January 2013 and what the impact of even deeper cuts in defense spending will have on CPI Aero’s existing and projected defense contracts. We plan to announce our 2013 guidance once the federal budget situation becomes sufficiently defined.”
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