CPI Aerostructures Inc

CPI Aerostructures, Inc. engages in the manufacture of structural assemblies, integrated systems, and kitted components for the international aerospace and defense markets. Its products are used by customers in the production of fixed wing aircraft, helicopters, electronic warfare systems, intelligence, surveillance, and reconnaissance systems, missiles. The company was founded by Arthur August in 1980 and is headquartered in Edgewood, NY.

Earnings data Q2 2020

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EDGEWOOD, N.Y., June 11, 2021 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®” or the “Company”) (NYSE American: CVU) today announced that it has determined to postpone the Company's annual meeting of stockholders that was originally scheduled for 9:00 a.m., Eastern Time, on June 25, 2021. At a later date, the board of directors of the Company will determine a new record date for the annual meeting and will publicly disclose the new date, time, and location of the annual meeting. The Company will also file a revised proxy statement with the Securities and Exchange Commission.

CPI Aerostructures Postpones Annual Meeting

EDGEWOOD, N.Y., June 01, 2021 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero” or the “Company”) (NYSE American: CVU) announced that on May 25, 2021, the Company received a notice from NYSE Regulation stating that the Company is not in compliance with the NYSE American LLC's (the “Exchange”) continued listing standards under the timely filing criteria set forth in Section 1007 of the NYSE American Company Guide (the “Company Guide”). The non-compliance results from the Company's failure to timely file its Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2021 (the “Delayed Form 10-Q”), which was due to be filed with the Securities and Exchange Commission (“SEC”) no later than May 24, 2021 (the “Filing Delinquency”).

CPI Aerostructures, Inc. Receives Notice from NYSE American Regarding Late Filing of Quarterly Report on Form 10-Q

CPI Aerostructures to Overhaul and Repair MH-60 SEAHAWK Stabilator Assemblies CPI Aerostructures to Overhaul and Repair MH-60 SEAHAWK Stabilator Assemblies

CPI Aerostructures Signs New Long-Term Agreement With Sikorsky Valued at $17.2 Million

Firm Orders Now Total Approximately $3.6 Million Firm Orders Now Total Approximately $3.6 Million

CPI Aerostructures Receives Follow-On Order From Spirit AeroSystems for CH-53K Cabin Rack Assemblies

Increases Funded Orders Under Previously Awarded Multi-year Contract to $28.4 million Increases Funded Orders Under Previously Awarded Multi-year Contract to $28.4 million

CPI Aero Receives $4.4 Million Purchase Order From U.S. Air Force for T-38 Aircraft Modification Kits

Fourth Quarter 2020 vs. Fourth Quarter 2019

CPI Aerostructures Reports Fourth Quarter 2020 Results

EDGEWOOD, N.Y., April 15, 2021 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®”) (NYSE American: CVU) announced that the United States Government exercised an option to extend the term of a Firm Fixed Price/Indefinite Delivery Indefinite Quantity (FFP/IDIQ) prime contract the Company has with the Defense Logistics Agency for one year ending April 2022. The Government estimates the value of the contract extension to be valued at up to a maximum $1.7 million. Over the past six years, CPI Aero has received more than $14 million in orders under this contract for structural wing components used by the U.S. Government for global F-16 aircraft maintenance, repair and overhaul operations.

CPI Aerostructures Receives $1.7 Million Contract Extension From U.S Government for F-16 Wing Components

EDGEWOOD, N.Y. , April 14, 2021 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®”) (NYSE American: CVU) announced today that it will release financial results for the fourth quarter and full year ended December 31, 2020 before the market opens on Friday, April 16, 2021. In conjunction with the release, the Company has scheduled a conference call at 8:30 a.m. Eastern Daylight Time that will also be broadcast live over the Internet.

CPI Aerostructures Schedules Fourth Quarter and Full Year 2020 Earnings Release and Conference Call

EDGEWOOD, N.Y., March 29, 2021 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®”) (NYSE American: CVU) today announced that it was awarded a follow-on order from an undisclosed existing customer to manufacture three airborne pod structural housings. The housings are the primary structural assembly for an externally mounted, pod-based military radar system. Deliveries are scheduled for 2022.

CPI Aerostructures Receives Follow-On Order for Airborne Pod Structural Housings

Firm Orders Under Multi-Year Contract Now Total Approximately $17.9 Million Firm Orders Under Multi-Year Contract Now Total Approximately $17.9 Million

CPI Aerostructures Receives $9.2 Million Follow-On Order From Lockheed Martin for F-16 Structural Assemblies

- Company Will Retain Existing Jobs and Add 85 New Full-Time Jobs Over Five Years -

CPI Aerostructures Announces Decision to Expand Manufacturing Operations on Long Island

- Increases Funded Orders Under Previously Awarded Multi-year Contract to $24.0 million -

CPI Aero Receives $8.7 Million Purchase Order From U.S. Air Force for T-38 Aircraft Modification Kits

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EDGEWOOD, N.Y., Jan. 08, 2021 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero”) (NYSE American: CVU) announced today that it has received an order from Raytheon Missiles & Defense, a Raytheon Technologies business, to manufacture structural assemblies on an undisclosed platform. This is a sole source follow-on order and CPI Aero anticipates making deliveries starting in 2021. Terms of the order will not be disclosed.

CPI Aerostructures Awarded Contract From Raytheon Missiles & Defense

CPI Aerostructures, Inc. (CVU) CEO Doug McCrosson on Q3 2020 Results - Earnings Call Transcript

Third Quarter 2020 vs. Third Quarter 2019

CPI Aerostructures Reports Third Quarter 2020 Results

EDGEWOOD, N.Y., Dec. 30, 2020 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc . (“CPI Aero®”) (NYSE American: CVU) announced it will issue its financial results for its fiscal third quarter ended September 30, 2020 before the market open tomorrow, Thursday, December 31, 2020.

CPI Aerostructures Schedules Third Quarter 2020 Earnings Release and Conference Call

EDGEWOOD, N.Y., Dec. 28, 2020 (GLOBE NEWSWIRE) -- CPI Aer ostructures, Inc. (“CPI Aero®”) (NYSE American: CVU) announced it has reached an agreement (“Settlement Agreement”) to resolve its post-closing working capital adjustment dispute with Air Industries Group (“Air Industries”) (NYSE American: AIRI) in exchange for payment of the $1,381,000 remaining in escrow to CPI Aero.

CPI Aerostructures and Air Industries Group Agree to Settle Working Capital Dispute

EDGEWOOD, N.Y., Dec. 15, 2020 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®”) (NYSE American: CVU) announced that it is participating in Phase I of a Cooperative Research and Development Agreement that Wilder Systems entered into with the U.S. Army. The objective of the project is to demonstrate the capability of Wilder's Agile Manufacturing Robot, from repetitive drilling to complex mixed-stack drilling operations, with improved quality and throughput over more manually-intensive methods. In collaborating with Wilder Systems, CPI Aero is procuring and providing eight unique material coupon stacks representative of current aircraft structure. Materials include Carbon Fiber, Titanium, Aluminum, Corrosion Resistant Steel and Inconel.

CPI Aerostructures to Collaborate With Wilder Systems on Robotic Manufacturing Research Project for U.S. Army

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A perfect storm of events hit this stock in 2020, but the selloff due to a restatement and Covid-19 is overdone and providing investors with a major buying opportunity. While Covid-19 did impact some business and production for this company, it appears poised to rebound since about 90% of its business is from the defense industry.

CPI Aerostructures: After A Rough Year, This $3 Aerospace Stock Is Poised To Fly High In 2021

CPI Aerostructures' (CVU) CEO Doug McCrosson on Q2 2020 Results - Earnings Call Transcript

EDGEWOOD, N.Y., Nov. 09, 2020 (GLOBE NEWSWIRE) -- CPI Aer ostructures, Inc. (“CPI Aero®”) (NYSE American: CVU) announced today that Richard S. Caswell has been appointed to its Board of Directors, effective November 4, 2020. He was also appointed Chairperson of the Audit and Finance Committee.

CPI Aerostructures Appoints Richard S. Caswell to Board of Directors

EDGEWOOD, N.Y., Nov. 06, 2020 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®”) (NYSE American: CVU) announced it will issue its financial results for its fiscal second quarter ended June 30, 2020 before the market open on Thursday, November 12, 2020.

CPI Aerostructures Schedules Second Quarter 2020 Earnings Release and Conference Call

CPI Aerostructures has had a tough 2020 with the effects of COVID hitting aerospace in general, along with a restatement of its financials back to 2018. The company has a more robust profile than most aerospace companies with its exposure to the military market providing a record large backlog of work funded into 2022 and beyond.

News for CPI Aerostructures Inc Stock (CVU)