CPI Aero, May 07, 2021 - EDGEWOOD, N.Y. - CPI Aerostructures, Inc. announced that it was awarded a follow-on order for nearly $1 million from Spirit AeroSystems (NYSE: SPR) to manufacture cabin rack assemblies for new production CH-53K King Stallion Helicopters, built by Sikorsky Aircraft.
Deliveries are scheduled for 2022. Including this new order, total orders from Spirit AeroSystems for CH-53K assemblies now total approximately $3.6 million
CPI Aero president and CEO Douglas McCrosson stated, “CPI is proud to be the single source supplier of these assemblies for the CH-53K King Stallion. The USMC is looking to complete Initial Operational Test and Evaluation (IOT&E) and declare Initial Operational Capability (IOC) for the CH-53K later this year and we look forward to supporting higher production rates as the program moves through Low-Rate Initial Production (LRIP) and into Full-Rate Production (FRP).”
About CPI Aero: CPI Aero (“CPI Aero®”) (NYSE American: CVU) 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.
Deliveries are scheduled for 2022. Including this new order, total orders from Spirit AeroSystems for CH-53K assemblies now total approximately $3.6 million
CPI Aero president and CEO Douglas McCrosson stated, “CPI is proud to be the single source supplier of these assemblies for the CH-53K King Stallion. The USMC is looking to complete Initial Operational Test and Evaluation (IOT&E) and declare Initial Operational Capability (IOC) for the CH-53K later this year and we look forward to supporting higher production rates as the program moves through Low-Rate Initial Production (LRIP) and into Full-Rate Production (FRP).”
About CPI Aero: CPI Aero (“CPI Aero®”) (NYSE American: CVU) 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.
See also |
CPI Aero State of New York Spirit AeroSystems State of Kansas CH-53K King Stallion in
Sikorsky Helicopters Spirit Delivered Final CH-53K Prototype Fuselage
