CPI Aerostructures Named a Finalist for Aviation Week Program Excellence Award
19 September 2017 - 12:00AM
CPI Aerostructures, Inc. (“CPI Aero®”) (NYSE American:CVU) today
announced that it has been named a finalist for Aviation Week
Network’s 2017 Program Excellence Award. The company was
recognized for its MH-60 Seahawk Stabilator Overhaul & Repair
program it performs for Sikorsky, a Lockheed Martin Company
(NYSE:LMT).
The Program Excellence awards, initiated in 2004
by industry, government and academic leaders, were conceived as a
means to share best practices across the industry. Working with
Aviation Week on the Program Excellence initiative are Boeing,
Elbit Systems of America, General Atomics Aeronautical Systems,
Honeywell Aerospace, Lockheed Martin, Moog, Inc., Northrop Grumman,
and Rockwell Collins. Twenty finalists were selected across
seven different categories. CPI Aero is one of two finalists
in the Supplier Sustainment category, and the only U.S. small
business finalist in any category.
Douglas McCrosson, President and CEO of CPI Aero
commented, “The Program Excellence Award is one of our industry’s
most prestigious awards and we are honored to be named a finalist.
This recognition is particularly gratifying because the Seahawk
Stabilator program was our first foray into maintenance, repair and
overhaul (MRO) and because it demonstrates the transferability of
our excellent program execution in manufacturing new aircraft
structure to the sustainment of legacy defense platforms, a large
and growing segment of the overall defense industry. I would
like to acknowledge the terrific work of the entire MH-60 Seahawk
team, led by Program Manager Jessica Hill, and congratulate them on
this achievement.”
Awards will be presented to finalists and
winners on October 23, 2017 during the 15th Annual Program
Excellence Symposium & Awards Banquet.
About Aviation Week
Network
The Aviation Week Network is the largest
multimedia information and services provider for the global
aviation, aerospace and defense industries that has a database of
1.2 million professionals around the world. Industry
professionals rely on Aviation Week for analysis, marketing and
intelligence. Customers include the world's leading
manufacturers, suppliers, airlines, business aviation operators,
militaries, governments and other organizations that serve this
global market. The product portfolio includes Aviation Week
& Space Technology, AC-U-KWIK, Aircraft Blue Book,
Airportdata.com, Air Charter Guide, Air Transport World,
AviationWeek.com, Aviation Week Intelligence Network, Business
& Commercial Aviation, ShowNews, SpeedNews, Fleet and MRO
forecasts, global maintenance, repair and overhaul (MRO) tradeshows
and aerospace & defense conferences.
About CPI
Aero
CPI Aero is a U.S. manufacturer of structural
assemblies and value-added kits for fixed wing and rotary wing
aircraft in both the commercial aerospace and defense
markets. CPI Aero also manufactures pod-based, airborne
avionics systems for Intelligence Surveillance and Reconnaissance
(ISR), Electronic Warfare (EW) and Radar end-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, 2016 and Form
10-Q for the quarters ended March 31, 2017, and June 30, 2017.
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 |
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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