CPI Aerostructures Delivers Airborne Pod Structure in Support of Northrop Grumman’s Airborne Laser Mine Detection Program for Korea
CPI Aerostructures (NYSE American: CVU) has completed and delivered an Airborne Laser Mine Detection System (ALMDS) pod structure to Northrop Grumman, supporting a contract with Korea Aerospace Industries (KAI). This delivery is part of the Engineering, Manufacturing, and Design (EMD) phase of the Republic of Korea's Mine Countermeasures Helicopter program, set to complete in 2027.
The ALMDS technology rapidly detects, classifies, and localizes floating and near-surface moored mines, capable of untethered day/night operations. A potential follow-on order for Low-Rate Production of eight pods, worth approximately $3 million, may follow. CPI Aero has previously delivered 28 ALMDS Pod structures to Northrop Grumman - 24 for the U.S. Navy and 4 for the Japanese Maritime Self Defense Force since 2007.
CPI Aerostructures (NYSE American: CVU) ha completato e consegnato una struttura di pod per il Sistema di Rilevamento Mine Laser Aerotrasportato (ALMDS) a Northrop Grumman, supportando un contratto con la Korea Aerospace Industries (KAI). Questa consegna fa parte della fase di Ingegneria, Produzione e Progettazione (EMD) del programma elicotteri per contromisure mine della Repubblica di Corea, che si concluderà nel 2027.
La tecnologia ALMDS rileva, classifica e localizza rapidamente mine galleggianti e ancorate vicino alla superficie, capace di operazioni notturne e diurne senza vincoli. Un possibile ordine successivo per la Produzione a Basso Tasso di otto pod, del valore di circa $3 milioni, potrebbe seguire. CPI Aero ha precedentemente consegnato 28 strutture di pod ALMDS a Northrop Grumman - 24 per la Marina degli Stati Uniti e 4 per le Forze di Autodifesa Marittima Giapponesi dal 2007.
CPI Aerostructures (NYSE American: CVU) ha completado y entregado una estructura de pod para el Sistema de Detección de Minas Láser Aerotransportado (ALMDS) a Northrop Grumman, apoyando un contrato con Korea Aerospace Industries (KAI). Esta entrega forma parte de la fase de Ingeniería, Fabricación y Diseño (EMD) del programa de helicópteros para contramedidas de minas de la República de Corea, que se completará en 2027.
La tecnología ALMDS detecta, clasifica y localiza rápidamente minas flotantes y ancladas cerca de la superficie, capaz de realizar operaciones diurnas y nocturnas sin ataduras. Un posible pedido adicional para la Producción a Baja Tasa de ocho pods, valorado en aproximadamente $3 millones, podría seguir. CPI Aero ha entregado anteriormente 28 estructuras de pod ALMDS a Northrop Grumman - 24 para la Marina de los EE. UU. y 4 para las Fuerzas de Autodefensa Marítima de Japón desde 2007.
CPI Aerostructures (NYSE American: CVU)는 한국항공우주산업(KAI)과의 계약을 지원하기 위해 Northrop Grumman에 공중 레이저 해양 지뢰 탐지 시스템(ALMDS) 포드 구조를 완료하고 전달했습니다. 이 전달은 2027년에 완료될 예정인 대한민국의 해양 지뢰 대책 헬리콥터 프로그램의 엔지니어링, 제조 및 설계(EMD) 단계의 일환입니다.
ALMDS 기술은 떠 있는 지뢰와 수면 근처에 고정된 지뢰를 신속하게 탐지, 분류 및 위치를 파악할 수 있으며, 무선으로 주야간 작전이 가능합니다. 약 $3 백만의 가치가 있는 8개의 포드에 대한 저율 생산 후속 주문이 있을 수 있습니다. CPI Aero는 2007년 이후로 Northrop Grumman에 28개의 ALMDS 포드 구조를 전달했습니다 - 24개는 미 해군을 위해, 4개는 일본 해상 자위대를 위해 전달되었습니다.
CPI Aerostructures (NYSE American: CVU) a achevé et livré une structure de pod pour le Système de Détection de Mines Laser Aérien (ALMDS) à Northrop Grumman, soutenant un contrat avec Korea Aerospace Industries (KAI). Cette livraison fait partie de la phase d'Ingénierie, de Fabrication et de Conception (EMD) du programme d'hélicoptères de contre-mesures de mines de la République de Corée, qui doit se terminer en 2027.
La technologie ALMDS détecte, classe et localise rapidement les mines flottantes et ancrées près de la surface, capable d'opérations de jour et de nuit sans contraintes. Une commande potentielle ultérieure pour une Production à Faible Taux de huit pods, d'une valeur d'environ $3 millions, pourrait suivre. CPI Aero a précédemment livré 28 structures de pods ALMDS à Northrop Grumman - 24 pour la Marine des États-Unis et 4 pour les Forces d'Auto-Défense Maritime Japonaises depuis 2007.
CPI Aerostructures (NYSE American: CVU) hat eine Pod-Struktur für das Airborne Laser Mine Detection System (ALMDS) an Northrop Grumman geliefert und abgeschlossen, um einen Vertrag mit Korea Aerospace Industries (KAI) zu unterstützen. Diese Lieferung ist Teil der Engineering-, Fertigungs- und Designphase (EMD) des Minenabwehrhubschrauberprogramms der Republik Korea, das bis 2027 abgeschlossen sein soll.
Die ALMDS-Technologie erkennt, klassifiziert und lokalisiert schnell schwimmende und nahoberflächenverankerte Minen und ist in der Lage, ungebundene Tag/Nacht-Operationen durchzuführen. Eine mögliche Folgebestellung für die Niedrigserienproduktion von acht Pods im Wert von etwa $3 Millionen könnte folgen. CPI Aero hat seit 2007 bereits 28 ALMDS-Pod-Strukturen an Northrop Grumman geliefert - 24 für die US Navy und 4 für die Japanische Maritime Selbstverteidigungsstreitkräfte.
- New contract win for Korean military program with potential $3M follow-on order
- Demonstrated track record with 28 previous ALMDS pod deliveries
- Expansion into international markets (Korea) beyond existing U.S. and Japanese customers
- Follow-on order not guaranteed and subject to program success
- Relatively small contract value ($3M) for potential follow-on order
Insights
CPI Aerostructures' delivery of the ALMDS pod structure to Northrop Grumman represents continued penetration into international defense markets through their established prime contractor relationship. This first delivery for Korea's Mine Countermeasures Helicopter program strengthens CPI's position in specialized military pod manufacturing.
The potential
This contract demonstrates how smaller defense suppliers can leverage specialized manufacturing capabilities to secure positions in international supply chains. The pod structure isn't just hardware – it houses sophisticated laser mine detection systems that provide critical naval mine countermeasure capabilities, allowing rapid detection of floating and near-surface threats.
The Engineering, Manufacturing, and Design phase running through 2027 provides a multi-year visibility window. What's notable is CPI's ability to maintain this specialized manufacturing capability across multiple decades and international customers, highlighting their production consistency and quality standards necessary for sensitive military applications.
While a single pod delivery doesn't dramatically alter CPI's financial trajectory, it reinforces their market position in airborne pods across Electronic Warfare and ISR domains – product categories with strong defense budget support across multiple international customers.
1st pod delivery for Northrop Grumman’s EMD Phase of Program with KAI
EDGEWOOD, N.Y., April 07, 2025 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®” or the “Company”) (NYSE American: CVU) announced today that they completed production and delivery of an Airborne Laser Mine Detection System (ALMDS) pod structure for Northrop Grumman. The pod supports a contract awarded to Northrop Grumman in February 2023 by Korea Aerospace Industries, Ltd. (KAI), aiming to deliver ALMDS solutions and technical assistance for the Engineering, Manufacturing, and Design (EMD) phase of the Republic of Korea’s Mine Countermeasures Helicopter (KMCH) program. The EMD phase is expected to be completed in 2027. There is also the potential for a follow-on order for Low-Rate Production of eight pods worth approximately
The mission of ALMDS is to rapidly detect, classify and localize floating and near-surface moored mines. ALMDS is capable of untethered day or night operations, which allows it to attain high area search rates. ALMDS also provides accurate target geo-location to support follow-on neutralization of detected mines. Northrop Grumman’s self-contained design allows ALMDS to be installed on several aircraft types. “CPI Aero has delivered 28 ALMDS Pod structures to Northrop Grumman – 24 for the U.S. Navy and 4 for the Japanese Maritime Self Defense Force, dating back to 2007,” said Dorith Hakim, president and CEO of CPI Aero. “This program is further demonstration of CPI Aero’s expertise in manufacturing airborne pods in support of multiple Tier 1 customers for multiple mission areas, including Electronic Warfare (EW) and Intelligence Surveillance and Reconnaissance (ISR).”
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 Statements
This 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. Words such as “expected,” “potential,” and similar expressions are intended to identify 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.
Forward-looking statements involve risks and uncertainties, and actual results could vary materially from these 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, 2024 filed 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 | CPI Aerostructures, Inc. |
| Alliance Advisors IR | Philip Passarello |
| Jody Burfening | Chief Financial Officer |
| (212) 838-3777 | (631) 586-5200 |
| cpiaero@allianceadvisors.com | ppassarello@cpiaero.com |
| www.cpiaero.com |
FAQ
What is the potential value of the follow-on order for CVU's ALMDS pod production?
How many ALMDS pod structures has CVU previously delivered to Northrop Grumman?
When will the EMD phase of the Korean Mine Countermeasures Helicopter program complete?
What are the key capabilities of the ALMDS system produced by CVU?
