CPI Aerostructures Wins Aviation Week Program Excellence Award
24 October 2019 - 11:15PM
CPI Aerostructures, Inc. (“CPI Aero®”) (the “Company”) (NYSE
American: CVU) today announced that it has won Aviation Week
Network’s Program Excellence Award in the supplier system design
category. The award reflects aerospace and defense industry peers’
recognition of the Company’s work for Raytheon Company. Derick
Martin, Senior Program Manager at CPI Aero, accepted the award on
behalf of the Company.
“CPI Aero is honored to receive this award and
congratulates Derick and his program team for this incredible
distinction,” stated Douglas J. McCrosson, president and CEO of CPI
Aero. “I would also like to thank our customer, Raytheon, for all
of their support over the past three years and for fostering a
highly collaborative and communicative program environment that
enables CPI Aero to perform at its best.”
Developed in 2004, the Aviation Week Program
Excellence Awards were created in response to repeated concerns
about the complexity and difficulty associated with managing and
leading the aerospace and defense programs that make up the
industry's work. The 2019 winners were announced at the
DefenseChain Conference and Program Excellence Awards Banquet held
on October 23, 2019 in McLean, Virginia.
About CPI Aero CPI Aero is a U.S. manufacturer
of structural assemblies for fixed wing aircraft, helicopters and
airborne Intelligence Surveillance and Reconnaissance pod systems
in both the commercial aerospace and national security markets.
Within the global aerostructure supply chain, CPI Aero is either a
Tier 1 supplier to aircraft OEMs or a Tier 2 subcontractor to major
Tier 1 manufacturers. CPI also is a prime contractor to the U.S.
Department of Defense, primarily the Air Force. In conjunction with
its assembly operations, CPI Aero provides engineering, program
management, supply chain management, and MRO services. CPI Aero is
included in the Russell Microcap® Index.
The above statements include forward looking statements that
involve risks and uncertainties, which are described from time to
time in CPI Aero's SEC reports, including CPI Aero's Form 10-K for
the year ended December 31, 2018, and Form 10-Q for the three-month
periods ended March 31, 2019 and June 30, 2019.
CPI Aero® is a registered trademark of CPI Aerostructures, Inc.
For more information, visit www.cpiaero.com, and follow us on
Twitter @CPIAERO.
Contact: |
|
|
Vincent
Palazzolo |
|
Investor
Relations Counsel: |
Chief
Financial Officer |
|
LHA Investor
Relations |
CPI
Aero |
|
Jody
Burfening/Sanjay M. Hurry |
(631)
586-5200 |
|
(212)
838-3777 |
www.cpiaero.com |
|
cpiaero@lhai.com |
|
|
www.lhai.com |
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