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March 11, 2014
08:44 EDTCVUCPI Aerostructures sees 2014 performance, shipments better than 2013
CPI Aerostructures stated in presentation slides that 2013 was affected by sequestration and the company expects its 2014 performance to be better than 2013. CPI plans for higher product shipments in 2014 than in 2013 and expects 2014 to be a "year of growth," but noted that uncertainty on the 2014 federal budget remains. The company added that continued growth and performance improvement in expected in 2015, with 2015 gross margin expected to improve. Information from slides for presentation at the Roth Capital Growth Stock conference.
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July 14, 2014
08:50 EDTCVUCPI Aero, Embraer amend long-term supply agreement
CPI Aerostructures,(CVU) announced that Embraer (ERJ) amended its 2012 long term supply agreement with CPI Aero for the manufacture of engine inlet assemblies for the Phenom 300 business jet. The amendment is expected to generate incremental sales of approximately $9M over the next several years compared to the original agreement. The overall value of the long term agreement is now estimated by CPI Aero to be in excess of $50M.

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