CPI Aero receives $2.4 million in follow-on orders for military helicopter

EDGEWOOD, N.Y. - CPI Aerostructures, Inc. (NYSE American:CVU) has secured follow-on orders valued at $2.4 million from multiple existing customers for welded complex structural assemblies used on a U.S. military helicopter, according to a company press release issued Wednesday. The contract adds to the company’s $77.4 million trailing twelve-month revenue. According to InvestingPro analysis, CPI Aero maintains strong liquidity with current assets exceeding short-term obligations.

The aerospace manufacturer will deliver the components through mid-2026. The company specializes in fusion welding and holds NADCAP certification to numerous OEM welding specifications.

"These follow-on orders demonstrate our commitment to excellence, as we deliver complex fusion welded assemblies in support of our ultimate customer, the warfighter," said Dorith Hakim, President and CEO of CPI Aero.

CPI Aero operates as a U.S. manufacturer of structural assemblies for fixed wing aircraft, helicopters and airborne Intelligence Surveillance and Reconnaissance pod systems in both commercial aerospace and national security markets. The company functions either as a Tier 1 supplier to aircraft OEMs or as a Tier 2 subcontractor to major Tier 1 manufacturers.

Additionally, the company serves as a prime contractor to the U.S. Department of Defense, primarily the Air Force. Beyond assembly operations, CPI Aero provides engineering, program management, supply chain management, and MRO services.

The company did not specify which military helicopter program would receive the components or identify the customers who placed the orders.

In other recent news, CPI Aerostructures shareholders have approved the company’s 2025 Long-Term Incentive Plan. This plan, which allows for the issuance of up to 800,000 shares in various equity-based awards, was initially authorized by the board and includes specific provisions such as a minimum one-year vesting period and a cap on individual equity awards. Additionally, CPI Aerostructures announced a new Long-Term Agreement with MST Manufacturing, extending their collaboration through 2028. This agreement, signed at an international air show in Paris, marks the second partnership between the two companies. In another development, CPI Aerostructures has increased the annual salary of its CEO, Dorith Hakim, to $405,000, a 4.9% raise. This update was disclosed in a recent SEC filing and reflects the company’s adherence to industry compensation standards. These recent developments indicate ongoing strategic and operational activities within CPI Aerostructures.

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