CPI Aerostructures, Inc. (CVU) News
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Latest CVU News From Around the Web
Below are the latest news stories about CPI AEROSTRUCTURES INC that investors may wish to consider to help them evaluate CVU as an investment opportunity.
CPI Aero Receives $1.8M Follow-On Order for Welded Fluid Tank AssembliesEDGEWOOD, 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 application. Deliveries will begin in 2023 and end in 2024. “This follow-on order demonstrates our customer’s satisfaction with CPI Aero’s performance and continued commitment to excellence. This fluid tank assembly involv |
CPI Aero Receives New Multi-Year Agreement and $7.5 Million Firm Order for Airborne Reconnaissance Pods From Collins AerospaceThe Company Estimates Agreement Has 3-year Potential Value of Approximately $20 MillionEDGEWOOD, 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 pod structures in support of Collins’ MS-110 Multispectral Airborne Reconnaissance System. The agreement has a three-year period of p |
CPI Aerostructures Reports Third Quarter and Nine Month 2022 ResultsThird Quarter 2022 vs. Third Quarter 2021 Revenue of $20.2 million compared to $23.9 million;Gross profit of $5.3 million compared to $3.7 million;Gross margin of 26.4% compared to 15.3%;Net income of $1.9 million compared to $5.4 million ($0.6 million excluding $4.8 million in PPP loan forgiveness);Earnings per diluted share of $0.15 compared to $0.44 ($0.05 excluding $0.39 in PPP loan forgiveness);Cash flow from operations of $2.9 million compared to $1.2 million. Nine Months 2022 vs. Nine Mon |
Sikorsky Awards Five-Year Contract to CPI AerostructuresCompany to Manufacture Gunner Window Assemblies for the UH-60M Black Hawk®EDGEWOOD, N.Y., Nov. 15, 2022 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (CPI Aero®) (NYSE American: CVU) today announced that it has been awarded a five-year, indefinite delivery indefinite quantity (IDIQ) contract from Sikorsky, a Lockheed Martin company, to manufacture gunner window assemblies for the UH-60M Black Hawk helicopter. Shipments under this long-term agreement are expected to begin in 2023 and end in 2027. |
CPI Aerostructures Receives $4.4M Order From Embraer for Engine Inlet AssembliesEDGEWOOD, N.Y., Oct. 26, 2022 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero” or the “Company”) (NYSE American: CVU) announced that Embraer S.A. of Brazil (NYSE: ERJ) has placed several orders against a previously announced Long Term Agreement to manufacture engine inlet assemblies for the Embraer Phenom 300 business jets. These new orders will see deliveries continue through 2023. “CPI Aero is proud to be part of the successful Phenom 300 program. Having produced inlet assemblies on th |
CPI Aerostructures, Inc. Anticipates Trading on NYSE American Exchange to Recommence on October 5EDGEWOOD, N.Y., Sept. 30, 2022 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®” or the “Company”) today announced that it has been informed by NYSE American that the exchange has terminated its proceeding to delist the Company’s common stock. As a result, the Company expects trading of its common stock to recommence on the NYSE American exchange on October 5, 2022, under the symbol “CVU.” The Company became current with its SEC reports on September 29, 2022 upon the filing of its Quarte |
CPI Aerostructures Reports Second Quarter and Six Month 2022 ResultsSecond Quarter 2022 vs. Second Quarter 2021 Revenue of $18.9 million compared to $22.3 million;Gross profit of $3.7 million compared to $3.6 million;Gross margin of 19.3% compared to 16.1%;Net income of $0.5 million compared to $0.6 million;Earnings per diluted share of $0.04 compared to $0.05;Cash flow from operations of $0.3 million compared to $2.4 million. Six Months 2022 vs. Six Months 2021 Revenue of $39.1 million compared to $53.1 million;Gross profit of $7.1 million compared to $8.5 mill |
CPI Aero Receives NYSE American Delisting Determination NotificationCompany Remains Focused on Operational Success Shares Will Continue to Trade Publicly on the OTC Market EDGEWOOD, N.Y., May 19, 2022 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®” or the “Company”) (NYSE American: CVU) announced that on May 19, 2022 the Company received notice from NYSE American LLC (the “Exchange”) that the staff of NYSE Regulation has determined to commence proceedings to delist the Company’s common stock from the Exchange. Furthermore, the Exchange announced the im |
CPI Aerostructures Reports Third Quarter and Nine Month 2021 ResultsThird Quarter 2021 vs. Third Quarter 2020 (Re-stated) Revenue of $23.9 million compared to $25.6 million;Gross profit of $3.7 million compared to $4.2 million;Gross margin of 15.3% compared to 16.4%;Net income of $5.4 million ($0.6M excluding $4.8 million in PPP loan forgiveness) compared to $0.8 million;Earnings per diluted share of $0.44 ($0.05 excluding $0.39 in PPP loan forgiveness) compared to $0.07;Cash flow from operations of $1.2 million compared to a use of $(2.4) million. Nine Months 2 |
CPI Aerostructures Reports Second Quarter And Six Month 2021 ResultsSecond Quarter 2021 vs. Second Quarter 2020 (Re-stated) Revenue of $22.3 million compared to $19.7 million;Gross profit of $3.6 million compared to $1.8 million;Gross margin of 16.1% compared to 9.2%;Net income of $0.6 million compared to net loss of $(1.4) million;Earnings per diluted share of $0.05 compared to loss per diluted share of $(0.11);Cash flow from operations of $2.4 million compared to $0.6 million. Six Months 2021 vs. Six Months 2020 (Re-stated) Revenue of $53.1 million compared to |