CPI Aero Announces Additional Orders to Manufacture
Inlet Assemblies for Embraer

 

July 14, 2014

Edgewood, NY – CPI Aerostructures, Inc. (“CPI Aero®”) (NYSE MKT: CVU) today announced that Embraer S.A. (NYSE: ERJ; BM&FBOVESPA: EMBR3), headquartered in São José dos Campos, Brazil, has amended its 2012 long term supply agreement with CPI Aero for the manufacture of engine inlet assemblies for the Phenom 300 business jet.

 

The amendment is expected to generate incremental sales of approximately $9 million over the next several years compared to the original agreement. The overall value of the long term agreement is now estimated by CPI Aero to be in excess of $50M.

 

About Embraer S.A.

Embraer S.A. is the world’s largest manufacturer of commercial jets up to 130 seats, and one of Brazil’s leading exporters. Embraer’s headquarters are located in São José dos Campos, São Paulo, and it has offices, industrial operations and customer service facilities in Brazil, China, France, Portugal, Singapore, and the U.S. Founded in 1969, the Company designs, develops, manufactures and sells aircraft and systems for the commercial aviation, executive aviation, and defense and security segments. It also provides after sales support and services to customers worldwide. For more information, please visit www.embraer.com.br.

 

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. Among the key national security programs that CPI Aero supplies are the E-2D Advanced Hawkeye surveillance aircraft, the UH-60 BLACK HAWK® helicopter, the MH-53/CH-53 variant helicopters, the F-16 fighter aircraft, the MH-60S mine countermeasure helicopter, the AH-1Z ZULU attack helicopter, the DB-110 reconnaissance pod and the ALMDS mine detecting pod. In the commercial aviation market CPI Aero manufactures products for the Gulfstream G650 ultra-large cabin business jet, the HondaJet advanced light jet, the Embraer Phenom 300 business jet, the new Cessna Citation X+, and the S-92® helicopter. 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 Aero’s SEC reports, including CPI Aero’s Form 10-K for the year ended December 31, 2013 and Form 10-Q for the quarter ended March 31, 2014.

 

CPI Aero® is a registered trademark of CPI Aerostructures, Inc.

 

Contact:

Vincent Palazzolo

Chief Financial Officer

CPI Aero

(631) 586-5200

www.cpiaero.com

 

Investor Relations Counsel:

LHA

Jody Burfening/Sanjay M. Hurry

(212) 838-3777

cpiaero@lhai.com

www.lhai.com

 

 

share on:

© Copyright 2016 CPI Aerostructures, Inc.

Designed by Latitude

91 Heartland Boulevard Edgewood, NY 11717

Phone: 631-586-5200 | Fax: 631-586-5840