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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 sc...
- Management Identified Errors in Inventory Costing Processes - Error Led to Incorrect Income Reported from Sales of Certain Products - Affected Products Accounted for approximately 15% of total 2020 revenue - No Expected Impact on Reported Revenue and Cash Flows...
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...
EDGEWOOD, N.Y., May 20, 2021 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®”) (NYSE American: CVU) announced that it has entered into a new Long-Term Agreement (LTA) with Sikorsky Aircraft (“Sikorsky”), a Lockheed Martin Company, to overhaul an...
EDGEWOOD, N.Y., May 03, 2021 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®”) (NYSE American: CVU) today announced that it was awarded a follow-on order for nearly $1 million from Spirit AeroSystems (NYSE: SPR) to manufacture cabin rack assemblies f...
CPI Aerostructures ([[CVU]] +0.2%) has been awarded a $4.4M purchase order under a previously announced contract from the U. S. Air Force.Under this contract company to provide structural modification kits, program management, logistics, and other sustainment services in support of Phase 3 of...
EDGEWOOD, N.Y., April 27, 2021 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (CPI Aero ® ) (NYSE American: CVU) today announced that it has been awarded a $4.4 million purchase order under a previously announced contract from the U. S. Air Force (the “Air Force”) t...
Fourth Quarter 2020 vs. Fourth Quarter 2019 Revenue of $25.4 million compared to $22.7 million. Gross profit of $4.6 million compared to $2.5 million. Gross margin of 18.2% compared to 10.9%. Net income of $1.3 million compared to net loss of $(1.4) million. ...
CPI Aerostructures (CVU) announces that United States Government exercised an option to extend the term of FFP/IDIQ prime contract for F-16 wing components that it has with the Defense Logistics Agency for one year ending April 2022.The Government estimates the value of the contract extension...
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, Apri...
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FARNBOROUGH, United Kingdom, July 22, 2024 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®” or the “Company”) (NYSE American: CVU) announced today that it has signed a Long Term Agreement (“LTA”) with MST Manufacturing (“MST”) ...
EDGEWOOD, N.Y., July 08, 2024 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®” or the “Company”) (NYSE American: CVU) announced today that it shipped the first Low Rate Initial Production 3 (LRIP 3) pod structure to RTX Corporation as authorized under a p...
EDGEWOOD, N.Y., June 20, 2024 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (NYSE American: CVU) (“CPI Aero” or “Company”), today announced a settlement with the Securities and Exchange Commission (the “SEC” or “Commission”) related to the Co...