CVU News and Press, CPI Aerostructures Inc. From 05/08/23

EDGEWOOD, N.Y., May 08, 2023 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®” or the “Company”) (NYSE American: CVU) announced today that Raytheon Technologies authorized CPI Aero to begin manufacturing of pod structures and air management system componen...

EDGEWOOD, N.Y., May 02, 2023 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®” or the “Company”) (NYSE American: CVU) announced that it has been awarded multiple purchase orders totaling $7.1 million under a previously announced contract from the U. S. Air...

2023-04-24 04:44:57 ET Summary CPI Aerostructures' 2022 results showed significantly lower revenues but an expansion on margins. CVU margins underperform the industry. After an enterprise valuation, I see little reason to invest in CPI Aerostructures stock. For me an...

2023-04-19 16:48:56 ET CPI Aerostructures ( NYSE: CVU ) on Wednesday said it had got follow-on orders for welded assemblies valued at about $3.6M. The orders were for "complex welded structural assemblies used on a U.S. military helicopter from a current customer," C...

EDGEWOOD, N.Y., April 19, 2023 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®” or the “Company”) (NYSE American: CVU) announced that it has received follow-on orders for complex welded structural assemblies used on a U.S. military helicopter from a curre...

2023-04-14 17:37:01 ET CPI Aerostructures press release ( NYSE: CVU ): Q4 GAAP EPS of $0.55. Revenue of $24.1M (-8.7% Y/Y). For further details see: CPI Aerostructures GAAP EPS of $0.55, revenue of $24.1M

Fourth Quarter 2022 vs. Fourth Quarter 2021 Revenue of $24.1 million compared to $26.4 million; Gross profit of $3.9 million compared to $2.8 million; Gross margin of 16.1% compared to 10.8%; Net income of $6.8 million ($0.3 million excluding the fourth quarter 2022 deferr...

Summary CVU is a contract manufacturer for aerospace defense contractors. The company operates in several different lines, because its core capabilities are in supply and manufacturing management, not in a particular line. CVU's market does not have great competitive characteristics...

EDGEWOOD, N.Y., Jan. 05, 2023 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (CPI Aero® or the Company) (NYSE American: CVU) announced today that an undisclosed aerospace OEM has awarded CPI Aero a $1.8 million contract for complex welded fluid tank assemblies for an unspecified applic...

EDGEWOOD, N.Y., Nov. 30, 2022 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (CPI Aero ® or the Company) (NYSE American: CVU) today announced that it has entered into a pricing agreement with Collins Aerospace, a Raytheon Technologies business, to provide highly integrated airborne...