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CPI Aero announces new $7.5 million award for wing kits from Northrop Grumman Corporation under previously announced order

CPI Aerostructures, Inc. ("CPI Aero®") (NYSE Amex: CVU) announced today that Northrop Grumman Corporation ("NGC") has exercised an option under a previously awarded purchase order for Outer Wing Panel (OWP) kits for use in the manufacture of complete wings for the E-2D Hawkeye and the C-2A Greyhound aircrafts. In June 2010, NGC placed an order valued at up to $27.6 million for OWP kits, including options. This order increases the firm, funded requirements under this order to approximately $23.9 million. CPI Aero began work on OWP kits in June 2008. Since this time, CPI Aero has received firm orders for OWP Kits totaling approximately $31.8 million.

Press release issued by CPI Aero, Inc. on April 26, 2011

 

 Contact details from our directory:
CPI Aero, Inc. Fuselage Sections, Aircraft Control Surfaces, Aircraft Doors, Ordnance Handling Equipment, Wings, Windows, Crew Seating, Engine Inlets, Wing Flaps, Wing Spars, Aircraft Structural Components
Northrop Grumman Aerospace Systems Airframer

 

 Related aircraft programs:
Northrop Grumman E-2D Advanced Hawkeye

 

 Related directory sectors:
Airframe Assemblies

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