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CPI Aerostructures Announces $680,000 Order from Sikorsky Aircraft

^{Published on 2010-05-13 05:50:27 - Market Wire}
 

EDGEWOOD, N.Y.--([ BUSINESS WIRE ])--CPI Aerostructures, Inc. (aCPI Aero^®a) (NYSE Amex: CVU) announced today that it has received a purchase order from Sikorsky Aircraft Corporation valued at approximately $680,000 for the S-70B^® SEAHAWK^® helicopter. CPI Aero will be providing Penguin Missile Launcher assemblies. Delivery of these parts will begin in early 2011. Sikorsky is a subsidiary of United Technologies Corp. (NYSE: UTX).

The S-70B SEAHAWK weapon system provides international navies with a modern, battle-proven, in-use, low-risk Anti-Submarine Warfare (ASW) / Anti Surface Warfare (ASuW) mission solution. The weapons management system has a flexible open architecture capable of integrating indigenous weapons and mission equipment.

About Sikorsky Aircraft

Sikorsky Aircraft Corporation, based in Stratford, Conn., is a world leader in helicopter design, manufacturing, and service. United Technologies Corp., based in Hartford, Conn., provides a broad range of high-technology products and support services to the aerospace and building systems industries.

About CPI Aero

CPI Aero is engaged in the contract production of structural and other aircraft parts for leading prime defense contractors, the U.S. Air Force, and other branches of the armed forces. In conjunction with its assembly operations, CPI Aero provides engineering, technical and program management services. Among the key programs that CPI Aero supplies are the E-2D Hawkeye surveillance aircraft, the UH-60 BLACK HAWK helicopter, the S-92® helicopter, the MH-60S mine countermeasure helicopter, the Gulfstream G650, C-5A Galaxy cargo jet, the T-38 Talon jet trainer, the A-10 Thunderbolt attack jet, and the E-3 Sentry AWACS jet. CPI Aero is included in the Russell Microcap® Index.

The above statements include forward looking statements that involve risks and uncertainties, which are described from time to time in CPI Aeroa™s SEC reports, including CPI Aeroa™s Form 10-K for the year ended December 31, 2009 and Form 10-Q for the quarter ended March 31, 2010.

CPI Aero is a registered trademark of CPI Aerostructures, Inc.
S-70B^® Seahawk^® and S-92^® are unregistered or registered trademarks of Sikorsky Aircraft Corporation.