CPI Aerostructures says total 2013 new contract awards exceeded $122M CPI Aerostructures announced that in 2013 it received record new business awards from all customers totaling approximately $122.3M. This total surpasses the previous record of $83.6M established in 2011 and compares to $81.6M in awards received in 2012. The 2013 amount includes an order received during Q4 that will be publicly announced pending final approval of the press release by the customer.
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CPI Aerostructures nanes Douglas McCrosson as President and CEO CPI Aerostructures announced that long-time CPI Aero executive and COODouglas J. McCrosson has been named President and CEO effective today, March 6. McCrosson has also been appointed to the Company’s board of directors. Edward J. Fred has resigned as President and CEO and as a director of the company. Fred resigned for personal reasons. Fred will remain with CPI Aero in an advisory capacity until May 16, 2014 and as a consultant to the company until November 16, 2015.