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CPI Aero receives new orders from Cessna totaling $4 million

CPI Aerostructures, Inc. today announced that it received a purchase order from Cessna Aircraft Company, part of the Textron Aviation segment of Textron Inc. to supply wing spar assemblies on their flagship aircraft, the Citation X+. This order is for approximately $4 million and is a follow-on to the long-term agreement (LTA) announced in October 2012. CPI Aero estimates the total value of this LTA to be approximately $41 million through 2019. The total value of firm orders under this LTA is now approximately $9.3 million. CPI Aero commenced deliveries to Cessna in 2013.

CPI Aero currently manufactures eleven different structural assemblies, including nine spar assemblies for the Citation X+ aircraft. A wing spar is the primary structural component of a wing and runs from the fuselage to the wingtip. The longest spar assembly for the Citation X+ aircraft is more than 29 feet long.

Originally introduced into service in 1996 as the Citation X, the newly developed Citation X+ was first announced at the National Business Aviation Association (NBAA) convention in 2010. The Citation X+ is expected to be certified in early 2014, with deliveries starting shortly after. The Citation X+ features the same supercritical wing as the Citation X and is powered by the new AE3007C2 high by-pass ratio Rolls Royce engines that qualify the Citation X+ as the fastest operational civilian jet in the world.

Press release issued by CPI Aero, Inc. on May 20, 2014

 

 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
Textron Aviation Inc. Airframer

 

 Related aircraft programs:
Cessna Citation X

 

 Related directory sectors:
Structural Components
Airframe Assemblies

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