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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.
News For CVU From The Last 14 Days
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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.

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