Increases Funded Orders under Previously Awarded Multi-year Contract to $48.3 million
EDGEWOOD, N.Y., Nov. 08, 2023 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. ("CPI Aero" or the "Company") (NYSE American: CVU) announced that it has been awarded multiple purchase orders totaling $9.6 million under a previously announced contract from the U. S. Air Force valued at up to $65.7 million to provide structural modification kits, program management, logistics, and other sustainment services in support of Phase 3 of the T-38C Pacer Classic III Fuselage Structural Modification Kit Integration program ("PCIII") and the Talon Repair Inspection and Maintenance ("TRIM") program. The new purchase orders bring the total funded value of the contract to $48.3 million and extends the currently funded period of performance into 2028.
The Northrop T-38 has been the principal supersonic jet trainer used by the U.S. Air Force for more than 50 years. PCIII and TRIM are expected to give the aircraft a structural makeover that will provide strength and longevity by increasing the structural service life of the aircraft beyond 2030.
"Kitting and Supply Chain Management is a key segment of CPI's portfolio and we are proud to be a Small Business supplying these critical aircraft modification kits to the U.S. Air Force," commented Dorith Hakim, President and Chief Executive Officer of CPI Aero.
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.
Forward-looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included in this press release are forward-looking statements. The Company does not guarantee that it will actually achieve the plans, intentions or expectations disclosed in its forward-looking statements and you should not place undue reliance on the Company's forward-looking statements.
Forward-looking statements involve risks and uncertainties, and actual results could vary materially from these forward-looking statements. There are a number of important factors that could cause the Company's actual results to differ materially from those indicated or implied by its forward-looking statements, including those important factors set forth under the caption "Risk Factors" in the Company's Annual Report on Form 10-K for the period ended December 31, 2022 and subsequent reports filed with the Securities and Exchange Commission. Although the Company may elect to do so at some point in the future, the Company does not assume any obligation to update any forward-looking statements and it disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
CPI Aero is a registered trademark of CPI Aerostructures, Inc. For more information, visit , and follow us on Twitter @CPIAERO.
Contacts: |
Investor Relations Counsel LHA Investor Relations Jody Burfening (212) 838-3777 cpiaero@lhai.com | CPI Aerostructures, Inc. Andrew L. Davis Chief Financial Officer (631) 586-5200 adavis@cpiaero.com
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將先前授予的多年期合同下的資金訂單增加到4,830萬美元
紐約州埃奇伍德,2023年11月8日(GLOBE NEWSWIRE)——CPI Aerostructures, Inc.(“CPI Aero” 或 “公司”)(紐約證券交易所美國股票代碼:CVU)宣佈,根據美國空軍先前宣佈的價值高達6,570萬美元的合同,它已獲得多份總額爲960萬美元的採購訂單,用於提供結構改造套件、項目管理、物流和其他支持支持 T-38C Pacer Classic III 機身結構改裝套件集成計劃(“PCIII”)第 3 階段和 Talon 維修檢查的服務以及維護(“TRIM”)計劃。新的採購訂單使合同的資金總額達到4,830萬美元,並將目前的供資履行期延長至2028年。
50 多年來,諾斯羅普 T-38 一直是美國空軍使用的主要超音速噴氣式教練機。預計PCIII和TRIM將對飛機進行結構改造,通過將飛機的結構使用壽命延長到2030年以後,從而提供強度和壽命。
CPI Aero總裁兼首席執行官多麗思·哈基姆評論說:“裝備和供應鏈管理是CPI投資組合的關鍵部分,我們很自豪能夠成爲一家向美國空軍提供這些關鍵飛機改裝套件的小型企業。”
關於 CPI Aero
CPI Aero是一家美國製造商,爲商業航空航天和國家安全市場生產固定翼飛機、直升機和機載情報監視和偵察艙系統的結構組件。在全球航空結構供應鏈中,CPI Aero要麼是飛機原始設備製造商的一級供應商,要麼是主要一級製造商的二級分包商。CPI還是美國國防部的主要承包商,主要是空軍。除了裝配業務外,CPI Aero還提供工程、項目管理、供應鏈管理和MRO服務。
前瞻性陳述
本新聞稿包含經修訂的1933年《證券法》第27A條和經修訂的1934年《證券交易法》第21E條所指的前瞻性陳述。除歷史事實陳述外,本新聞稿中包含的所有陳述均爲前瞻性陳述。公司不保證其實際會實現其前瞻性陳述中披露的計劃、意圖或預期,您不應過分依賴公司的前瞻性陳述。
前瞻性陳述涉及風險和不確定性,實際結果可能與這些前瞻性陳述存在重大差異。有許多重要因素可能導致公司的實際業績與其前瞻性陳述所表明或暗示的業績存在重大差異,包括公司截至2022年12月31日的10-K表年度報告以及隨後向美國證券交易委員會提交的報告中以 “風險因素” 爲標題列出的那些重要因素。儘管公司可能會選擇在未來的某個時候這樣做,但公司不承擔任何更新任何前瞻性陳述的義務,並且不承擔任何更新或修改任何前瞻性陳述的意圖或義務,無論是由於新信息、未來事件還是其他原因。
CPI Aero 是 CPI Aerostructures, Inc. 的註冊商標。欲了解更多信息,請訪問並在 Twitter 上關注我們 @CPIAERO。
聯繫人: |
投資者關係顧問 LHA 投資者關係 喬迪·伯芬寧 (212) 838-3777 cpiaero@lhai.com | CPI 航空結構有限公司 安德魯·戴維斯 首席財務官 (631) 586-5200 adavis@cpiaero.com
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