Sikorsky Awards Five-Year Contract to CPI Aerostructures
16 November 2022 - 8:05AM
CPI Aerostructures, Inc. (CPI Aero®) (NYSE American: CVU)
today announced that it has been awarded a five-year, indefinite
delivery indefinite quantity (IDIQ) contract from Sikorsky, a
Lockheed Martin company, to manufacture gunner window assemblies
for the UH-60M Black Hawk helicopter. Shipments under this
long-term agreement are expected to begin in 2023 and end in 2027.
The gunner windows are of two-piece construction
located just behind the pilot seat on each side of the aircraft.
They slide open for use by the machine gun operator. CPI Aero has
been producing gunner window assemblies for the Black Hawk since
2010.
“CPI Aero is proud of the work we have completed
for Sikorsky on this critically important aircraft under two
previous multi-year contracts for the gunner window assemblies.
This third consecutive multi-year contract demonstrates our
capability to sustain a high-level of performance over a prolonged
period of time with one of our longest-standing customers,”
commented Dorith Hakim, President and CEO of CPI
Aerostructures.
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.
Forward-looking StatementsThis
press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
All statements, other than statements of historical fact, included
or incorporated in this press release are forward-looking
statements. Forward-looking statements involve risks and
uncertainties, and actual results could vary materially from these
forward-looking statements. The Company does not guarantee that it
will actually achieve the plans, intentions or expectations
disclosed in its forward-looking statements and you should not
place undue reliance on the Company’s forward-looking
statements.
There are a number of important factors that
could cause the Company’s actual results to differ materially from
those indicated or implied by its forward-looking statements,
including those important factors set forth under the caption “Risk
Factors” in the Company’s Annual Report on Form 10-K for the period
ended December 31, 2021 and the Company’s subsequent filings with
the Securities and Exchange Commission. Although the Company may
elect to do so at some point in the future, the Company does not
assume any obligation to update any forward-looking statements and
it disclaims any intention or obligation to update or revise any
forward-looking statement, whether as a result of new information,
future events or otherwise.
CPI Aero® is a registered trademark of CPI
Aerostructures, Inc. For more information, visit www.cpiaero.com,
and follow us on Twitter @CPIAERO.
Contacts: |
Investor Relations Counsel LHA Investor Relations
Jody Burfening (212) 838-3777
cpiaero@lhai.com www.lhai.com |
CPI Aerostructures, Inc.Andrew L. Davis Chief
Financial Officer(631)586-5200www.cpiaero.com |
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