EDGEWOOD, N.Y., Oct.  24, 2023  (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. ("CPI Aero" or the "Company") (NYSE American: CVU) today announced that its Board of Directors has appointed Pamela D. Levesque to serve as an independent Class II Director. She was also appointed to the Board's Audit and Finance Committee.

Ms. Levesque, 66, brings a wealth of experience and knowledge garnered from a distinguished career spanning more than 35 years in the aerospace and defense industry. Throughout her career, Pamela has demonstrated exceptional leadership and expertise in various critical areas, including P&L management, government contracting, budget control, cost reduction, process improvement, project management, systems implementation, and operational management.

Most recently, Pamela has served as Vice President and Chief Financial Officer of APL Investments LLC, her family's real estate business. Prior to her retirement in 2017, she held the position of Director of Business Operations at Aerojet Rocketdyne, where she provided exemplary leadership to the West Palm Beach financial organization. In this capacity, Pamela played a key role in the financial integration of the Rocketdyne acquisition. Pamela also held the position of Group Chief Financial Officer, Structures & Systems at AAR Corp., leveraging her diverse financial and business background where she oversaw six manufacturing businesses, including two international entities. A significant portion of her career was spent at Pratt & Whitney, a division of Raytheon Technologies, where she initially began as an analytical engineer and ascended through the ranks to become Manager of Financial Operations, Business Unit Controller, and Director of Financial Operations. Pamela holds a Bachelor of Science in Engineering degree from Valparaiso University and earned her MBA from Florida Atlantic University.

"Pamela's appointment underscores CPI Aero's commitment to strengthening its board with seasoned professionals who will play a pivotal role in guiding the company's future endeavors. In this case, both Pamela's extensive experience in the aerospace and defense industry and her expertise in financial management and government contracting will make her a valuable contributor to CPI Aero. We are delighted to welcome Pamela to our Board of Directors," said Terry Stinson, Chairman of the Board.

About CPI Aero

CPI Aero is a U.S. manufacturer of structural assemblies for fixed wing aircraft, helicopters and airborne Intelligence Surveillance and Reconnaissance pod systems in both the commercial aerospace and national security 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.