CPI Aerostructures Wins Aviation Week Program Excellence Award
November 5, 2015
Edgewood, NY – CPI Aerostructures, Inc. (“CPI Aero®”) (NYSE American: CVU) today announced that it has won Penton’s Aviation Week Program Excellence Award in the Sub-System Production Category. As the Aerospace & Defense industry’s preeminent honor for strong program performers with innovative ideas, technologies and process improvements, the awards were announced at a gala dinner on November 4, during Aviation Week’s Aerospace & Defense Programs Conference in Litchfield Park, AZ.
CPI Aero was recognized for the Phenom 300 engine inlet program it performs for Embraer, the manufacturer of the Phenom 300 executive jet. According to a report by the General Aviation Manufacturers Association (GAMA), the Phenom 300 was the most delivered business jet in the world for the past two years. Embraer, S.A., headquartered in São José dos Campos, Brazil, is the world’s largest manufacturer of aircraft up to 130 seats.
“Aviation Week provides the industry’s most extensive intelligence and analysis available about programs, so it is a great honor to celebrate the best of the best programs — programs that are delivering results but also finding entirely new ways to be more innovative, more efficient, and better at delivering value to customers, the companies involved, and to the people who make it happen.” said Carole Rickard Hedden, Aviation Week’s editorial director for Executive Intelligence and the Program Excellence initiative.
Douglas McCrosson, President and CEO of CPI Aero commented, “The Aviation Week Program Excellence Award is one of our industry’s most prestigious awards and we are honored to have been recognized by our customers and peers. I want to congratulate Nazz Palmerini, Director of Program Management, Derick Martin, Program Manager, and the talented men and women that work on the Embraer program for this amazing accomplishment. This award recognizes the years of investment CPI Aero has made in creating world class manufacturing, program management and supply chain management capabilities, and it is especially gratifying to be considered the best of the best in this regard. This award would not have been possible without Embraer’s commitment to its supply chain partners, so I’d like to thank Embraer for fostering a culture of cooperation and teamwork that put CPI Aero in the best position to succeed on this assembly program.”
About Penton’s Aviation Week Network
Penton’s Aviation Week Network is the largest multimedia information and services provider for the global aviation, aerospace and defense industries that has a database of 1.2 million professionals around the world. Industry professionals rely on Aviation Week for analysis, marketing and intelligence. Customers include the world’s leading manufacturers, suppliers, airlines, business aviation operators, militaries, governments and other organizations that serve this global market. The product portfolio includes Aviation Week & Space Technology, Air Transport World, AviationWeek.com, Aviation Week Intelligence Network, and SpeedNews, among others.
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, 2014 and Form 10-Q for the quarters ended March 31, 2015, June 30, 2015, and September 30, 2015.
CPI Aero® is a registered trademark of CPI Aerostructures, Inc.
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