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CPI Aerostructures, Inc. (CVU)

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4.9400

-0.0500

(-1.00%)

At close: January 14 at 4:00:00 PM EST

4.8400

-0.10

(-2.02%)

After hours: 7:53:12 PM EST

CPI Aerostructures Awarded Lot 4 Production Contract of Next Generation Jammer Mid-Band Program by Raytheon Technologies

– Production Order for pods and air management system components valued at up to $33.4 Million –EDGEWOOD, N.Y., Jan. 13, 2025 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®” or the “Company”) (NYSE American: CVU) announced today that Raytheon Technologies authorized CPI Aero to begin manufacturing of pod structures and air management system components for the follow-on Lot 4 Production phase of the Next Generation Jammer Mid-Band (NGJ-MB) program. The binding notification provides a ma

GlobeNewswire yesterday

CVU
-1.00%
CPI Aerostructures Appoints Aerospace Industry Executive Carey Bond as Chairman of its Board of Directors

EDGEWOOD, N.Y., Jan. 06, 2025 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®” or the “Company”) (NYSE American: CVU), a leading manufacturer of structural assemblies in both the commercial and military defense aerospace markets, announced today that it has appointed Aerospace industry executive Carey Bond as Chairman of its Board of Directors effective immediately. Mr. Bond succeeds Terry Stinson, who has stepped down from the role in a planned succession after 6 years of service and a

GlobeNewswire 8 days ago

CVU
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L3Harris Awards CPI Aerostructures, Inc. Contract for Next Generation Jammer Low-Band Program

CPI to deliver Pod Structures to support airworthiness and design verificationEDGEWOOD, N.Y., Dec. 11, 2024 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®” or the “Company”) (NYSE American: CVU), a leading manufacturer of structural assemblies in both the commercial and military defense aerospace markets, announced today that it was awarded by L3Harris Technologies (NYSE: LHX) a contract not-to-exceed $12.1 million to deliver airborne pod structures. This contract supports L3Harris’ de

GlobeNewswire last month

LHX

CVU
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CPI Aerostructures Reports Third Quarter and Nine Month 2024 Results

Third Quarter 2024 vs. Third Quarter 2023 Revenue of $19.4 million compared to $20.4 million;Gross profit of $4.2 million compared to $3.7 million;Gross margin of 21.7% compared to 18.2%;Net income of $0.7 million compared to $0.3 million;Earnings per diluted share of $0.06 compared to $0.02;Adjusted EBITDA (1) of $1.7 million compared to $1.4 million;Cash flow provided by operating activities of $0.7 million compared to $0.0 million. Nine Months 2024 vs. Nine Months 2023 Revenue of $59.3 millio

GlobeNewswire 2 months ago

CVU
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CPI Aerostructures Appoints Philip Passarello to Leadership Team as Chief Financial Officer

EDGEWOOD, N.Y., Aug. 20, 2024 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®” or the “Company”) (NYSE American: CVU) today announced that it has appointed Philip Passarello to the position of Chief Financial Officer. Mr. Passarello has extensive experience in all aspects of financial functions including accounting, financial reporting, audit and compliance, treasury, and financial planning and analysis. His career spans more than 20 years in financial management, government compliance,

GlobeNewswire 4 months ago

CVU
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CPI Aerostructures Reports Second Quarter and Six Month 2024 Results

Second Quarter 2024 vs. Second Quarter 2023 Revenue of $20.8 million compared to $20.5 million;Gross profit of $5.1 million compared to $4.6 million;Gross margin of 24.6% compared to 22.4%;Net income of $1.4 million compared to $1.2 million;Earnings per diluted share of $0.11 compared to $0.09;Adjusted EBITDA (1) of $2.6 million compared to $2.1 million;Cash flow used in operations of $(0.6) million compared to $0.0 million. Six Months 2024 vs. Six Months 2023 Revenue of $39.9 million compared t

GlobeNewswire 4 months ago

CVU
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CPI Aerostructures, Inc. and MST Manufacturing Sign Long Term Agreement

FARNBOROUGH, United Kingdom, July 22, 2024 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®” or the “Company”) (NYSE American: CVU) announced today that it has signed a Long Term Agreement (“LTA”) with MST Manufacturing (“MST”) during the international air show in Farnborough, UK, for the supply of components in support of its aerostructures production. This LTA will cover CPI Aero’s requirements from MST through the end of calendar year 2027. “We’ve had a strong relationship with MST an

GlobeNewswire 5 months ago

CVU
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CPI Aerostructures, Inc. Delivers First Pod Structure of Latest Production Contract for Next Generation Jammer Mid-Band Program to Raytheon

First Production Pod Structure Delivery of a planned 37 Pods for LRIP 3 ContractEDGEWOOD, N.Y., July 08, 2024 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®” or the “Company”) (NYSE American: CVU) announced today that it shipped the first Low Rate Initial Production 3 (LRIP 3) pod structure to RTX Corporation as authorized under a previously announced contract award with a maximum value of $32.6 million. Pod structure deliveries on LRIP 3 are expected through mid-2025 after which CPI A

GlobeNewswire 6 months ago

CVU
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CPI Aerostructures, Inc. Announces Settlement with SEC

EDGEWOOD, N.Y., June 20, 2024 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (NYSE American: CVU) (“CPI Aero” or “Company”), today announced a settlement with the Securities and Exchange Commission (the “SEC” or “Commission”) related to the Company’s previously announced restatements of certain of its financial statements for fiscal periods between January 1, 2018 and December 31, 2022. The Company, without admitting or denying the findings, agreed to a cease-and-desist order regarding Sections 13

GlobeNewswire 6 months ago

CVU
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CPI Aerostructures Receives $3.1M Order From Embraer for Engine Inlet Assemblies

EDGEWOOD, N.Y., June 10, 2024 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero” or the “Company”) (NYSE American: CVU) announced that Embraer S.A. of Brazil (NYSE: ERJ) has placed several additional orders against a previously announced Long Term Agreement to manufacture engine inlet assemblies for the Embraer Phenom 300 business jets. These new orders will see deliveries continue through mid-2025. “We are proud to be part of the successful Phenom 300 program. Earlier this year we deliver

GlobeNewswire 7 months ago

ERJ

CVU
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CPI Aerostructures Receives $1.3 Million Follow-on Orders for Welded Assemblies

EDGEWOOD, N.Y., June 05, 2024 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®” or the “Company”) (NYSE American: CVU) announced that it has received follow-on orders for complex welded structural assemblies used on a U.S. military helicopter from a current customer valued at approximately $1.3 million. Deliveries are expected to occur through mid-2025. “CPI Aero has a long history providing critical components and assemblies in support of fixed and rotary wing aircraft for the U.S. Defe

GlobeNewswire 7 months ago

CVU
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CPI Aerostructures Reports First Quarter 2024 Results

First Quarter 2024 vs. First Quarter 2023 Revenue of $19.1 million compared to $22.0 million;Gross profit of $3.6 million compared to $4.7 million;Gross profit margin of 18.6% compared to 21.2%;Net income of $0.2 million compared to $1.0 million;Earnings per share of $0.01 compared to $0.08;Cash flow used in operations of ($1.0) million compared to $0.9 million provided by cash flow from operations;Debt as of March 31, 2024 of $19.1 million compared to $22.1 million as of March 31, 2023. EDGEWOO

GlobeNewswire 7 months ago

CVU
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CPI Aerostructures Reports Fourth Quarter and Full Year 2023 Results

Fourth Quarter 2023 vs. Fourth Quarter 2022 Revenue of $23.5 million compared to $24.1 million;Gross profit of $4.1 million compared to $3.9 million;Gross margin of 17.4% compared to 16.1%;Net income of $14.8 million compared to net income of $6.8 million;Earnings per share of $1.20 ($0.09 excluding the fourth quarter 2023 deferred tax asset valuation allowance reduction of $1.11) compared to earnings per share of $0.55 ($0.03 excluding the fourth quarter 2022 deferred tax asset valuation allowa

GlobeNewswire 9 months ago

CVU
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CPI Aerostructures Appoints Ross Johnson to Leadership Team as Vice President, Program Management

EDGEWOOD, N.Y., Jan. 16, 2024 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®” or the “Company”) (NYSE American: CVU) today announced that it has appointed Ross Johnson to the position of Vice President, Program Management. Mr. Johnson, 63, has extensive experience in program management, business development, marketing & sales, contracts, engineering technical support, customer support and aircraft operations. Most recently, he served as Director, Program Management at Sikorsky Aircraft

GlobeNewswire 11 months ago

CVU
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Performance Overview

Return	CVU	S&P 500
YTD	+21.38%	-1.08%
1-Year	+101.63%	+22.14%
3-Year	+90.73%	+25.41%

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CPI Aerostructures, Inc. (CVU)

CPI Aerostructures Awarded Lot 4 Production Contract of Next Generation Jammer Mid-Band Program by Raytheon Technologies

CPI Aerostructures Appoints Aerospace Industry Executive Carey Bond as Chairman of its Board of Directors

L3Harris Awards CPI Aerostructures, Inc. Contract for Next Generation Jammer Low-Band Program

CPI Aerostructures Reports Third Quarter and Nine Month 2024 Results

CPI Aerostructures Appoints Philip Passarello to Leadership Team as Chief Financial Officer

CPI Aerostructures Reports Second Quarter and Six Month 2024 Results

CPI Aerostructures, Inc. and MST Manufacturing Sign Long Term Agreement

CPI Aerostructures, Inc. Delivers First Pod Structure of Latest Production Contract for Next Generation Jammer Mid-Band Program to Raytheon

CPI Aerostructures, Inc. Announces Settlement with SEC

CPI Aerostructures Receives $3.1M Order From Embraer for Engine Inlet Assemblies

CPI Aerostructures Receives $1.3 Million Follow-on Orders for Welded Assemblies

CPI Aerostructures Reports First Quarter 2024 Results

CPI Aerostructures Reports Fourth Quarter and Full Year 2023 Results

CPI Aerostructures Appoints Ross Johnson to Leadership Team as Vice President, Program Management

Performance Overview