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CPI Aerostructures, Inc. - CVU STOCK NEWS

Welcome to our dedicated page for CPI Aerostructures news (Ticker: CVU), a resource for investors and traders seeking the latest updates and insights on CPI Aerostructures stock.

CPI Aerostructures, Inc. (symbol: CVU) is a prominent U.S. manufacturer specializing in structural assemblies and value-added kits for fixed-wing and rotary-wing aircraft. Serving both the commercial aerospace and defense markets, CPI Aero develops and supplies complex aerostructures for major aircraft OEMs (original equipment manufacturers) and is a significant subcontractor for Tier 1 manufacturers. Additionally, CPI Aero acts as a prime contractor for the U.S. Department of Defense, primarily the Air Force.

The company is recognized for its contributions to several high-profile aircraft programs, including the E-2D Advanced Hawkeye surveillance aircraft, the A-10 Thunderbolt attack jet, the Gulfstream G650, and the UH-60 BLACK HAWK and S-92 helicopters. CPI Aero also manufactures pod-based, airborne avionics systems used in intelligence surveillance and reconnaissance (ISR), electronic warfare (EW), and radar end-markets.

Aside from its manufacturing capabilities, CPI Aero offers a comprehensive suite of services including engineering, program management, supply chain management, and maintenance, repair, and overhaul (MRO) services. The company’s robust engineering and program management expertise ensures efficient production and delivery of high-quality aerostructures to its diverse client base.

In recent news, CPI Aero has increased its funded orders under a previously awarded multi-year contract to $48.3 million, demonstrating its strong market position and ongoing demand for its products. The company’s inclusion in the Russell Microcap® Index underlines its significance in the aerospace supply chain sector.

With a strategic focus on quality and customer satisfaction, CPI Aero continues to expand its capabilities and enhance its product offerings. This positions the company as a reliable and innovative partner in the aerospace industry, catering to both commercial and defense market requirements.

News

CPI Aerostructures Reports Fourth Quarter and Full Year 2023 Results

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CPI Aerostructures, Inc. (CVU) reported fourth quarter 2023 revenue of $23.5 million, a slight decrease from $24.1 million in 2022. Net income surged to $14.8 million from $6.8 million, and earnings per share rose to $1.20. Full-year 2023 revenue reached $86.5 million, up from $83.3 million in 2022, with net income of $17.2 million. The company reduced debt by $2.7 million and ended with a backlog of $513.4 million.
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CPI Aerostructures Appoints Ross Johnson to Leadership Team as Vice President, Program Management

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CPI Aerostructures, Inc. (CVU) appoints Ross Johnson as Vice President, Program Management. Johnson brings extensive experience in program management, business development, marketing & sales, contracts, engineering technical support, customer support, and aircraft operations. His appointment aligns with the company's objectives of achieving industry-leading operations and strengthening its aerospace leadership team.
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CPI Aerostructures Receives $4.4M Orders from Embraer for Engine Inlet Assemblies

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CPI Aerostructures, Inc. (CVU) receives additional orders from Embraer S.A. (ERJ) for engine inlet assemblies for Phenom 300 business jets, with deliveries continuing into 2024. The company has delivered over 1,600 engine inlet assemblies in the last 10+ years and expects to continue serving Embraer beyond 2024.
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CPI Aerostructures Reports Third Quarter and Nine Month 2023 Results

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CPI Aerostructures, Inc. (CVU) announced its financial results for Q3 and nine months ending September 30, 2023. Q3 revenue was $20.4 million, gross profit $3.7 million, and net income $0.3 million, showing a decrease from the same period in 2022. Nine-month revenue was $63.0 million, gross profit $13.0 million, and net income $2.4 million, with a slight increase from 2022. The company highlighted supply chain challenges impacting throughput and gross profit, but expressed confidence in long-term outlook based on corrective actions and backlog increase.
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CPI Aero Receives $9.6 Million Purchase Orders From U.S. Air Force for T-38 Aircraft Modification Kits

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CVU: CPI Aerostructures, Inc. announces $9.6 million in new purchase orders, bringing the total funded value of the contract to $48.3 million. The contract extends the funded period of performance into 2028, supporting the T-38C Pacer Classic III Fuselage Structural Modification Kit Integration program and the Talon Repair Inspection and Maintenance program for the U.S. Air Force.
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CPI Aerostructures Appoints Aerospace Industry Executive Pamela Levesque to its Board of Directors

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CPI Aerostructures appoints Pamela D. Levesque as independent Class II Director. Levesque brings over 35 years of experience in the aerospace and defense industry, with expertise in P&L management, government contracting, and cost reduction. She will serve on the Board's Audit and Finance Committee.
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CPI Aero Delivers 1st B-52 Radar Rack Structure to RTX

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CPI Aerostructures delivers first B-52 Radar Rack Structure to Raytheon
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CPI Aero Receives Second Multi-Year Contract and Funded Order for F-16 Aircraft Structures

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CPI Aerostructures receives a second multi-year contract worth up to $34.4 million from Lockheed Martin to manufacture structural assemblies for the F-16 Block 70/72. Deliveries expected from 2025 to 2028.
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CPI Aerostructures Reports Second Quarter and Six Month 2023 Results

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CPI Aerostructures announces Q2 2023 financial results with increased revenue and profit margin
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CPI Aerostructures Appoints Aerospace Industry Executive Rick Rosenjack to its Board of Directors

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CPI Aerostructures appoints Rick Rosenjack as new independent member of the Board, filling one of its two vacant Class II director seats.
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FAQ

What is the current stock price of CPI Aerostructures (CVU)?

The current stock price of CPI Aerostructures (CVU) is $3.87 as of December 20, 2024.

What is the market cap of CPI Aerostructures (CVU)?

The market cap of CPI Aerostructures (CVU) is approximately 50.1M.

What does CPI Aerostructures, Inc. specialize in?

CPI Aerostructures, Inc. specializes in manufacturing structural assemblies and value-added kits for fixed-wing and rotary-wing aircraft in the commercial and defense markets.

Who are CPI Aero's primary clients?

CPI Aero's primary clients include major aircraft OEMs, Tier 1 manufacturers, and the U.S. Department of Defense, especially the Air Force.

Which notable aircraft programs does CPI Aero contribute to?

CPI Aero contributes to the E-2D Advanced Hawkeye, A-10 Thunderbolt, Gulfstream G650, UH-60 BLACK HAWK helicopter, and S-92 helicopter programs.

What additional services does CPI Aero provide?

Besides manufacturing, CPI Aero offers engineering, program management, supply chain management, and maintenance, repair, and overhaul (MRO) services.

What recent achievements has CPI Aero made?

CPI Aero recently increased its funded orders under a multi-year contract to $48.3 million, underscoring its market demand and strong position.

What is CPI Aero's role in the U.S. defense sector?

CPI Aero acts as a prime contractor to the U.S. Department of Defense, primarily servicing the Air Force with its aerostructure products and systems.

Is CPI Aero included in any significant market indices?

Yes, CPI Aero is included in the Russell Microcap® Index, highlighting its prominence in the aerospace supply chain sector.

What types of aircraft systems does CPI Aero manufacture?

CPI Aero manufactures airborne avionics systems for intelligence surveillance and reconnaissance (ISR), electronic warfare (EW), and radar end-markets.

How does CPI Aero support its manufacturing operations?

CPI Aero supports its manufacturing operations with robust engineering and program management expertise, ensuring high-quality production and delivery.

What is CPI Aero's strategic focus in the aerospace industry?

CPI Aero's strategic focus is on quality and customer satisfaction, continually expanding capabilities and enhancing product offerings to meet commercial and defense market demands.

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CPI Aerostructures, Inc.

NYSE:CVU

CVU Rankings

#4868 Ranked by Market Cap
N/A Ranked by Dividends

CVU Stock Data

50.05M
10.06M
24.32%
22.31%
0.28%
Aerospace & Defense
Aircraft Parts & Auxiliary Equipment, Nec
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United States of America
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