EDGEWOOD, N.Y., Jan. 08, 2021 (GLOBE NEWSWIRE) — CPI Aerostructures, Inc. (“CPI Aero”) (NYSE American: CVU) appear today that it has accustomed an adjustment from Raytheon Missiles & Defense, a Raytheon Technologies business, to accomplish structural assemblies on an bearding platform. This is a sole antecedent follow-on adjustment and CPI Aero anticipates authoritative deliveries starting in 2021. Terms of the adjustment will not be disclosed.
“Last year we were accustomed to accept Raytheon Technologies’ Premier Supplier Award in acceptance of our assignment on the Next Generation Jammer Mid Band pod. This new arrangement demonstrates both Raytheon Missiles & Defense’s connected assurance in CPI Aero as a analytical Tier 1 supplier and charge to utilizing top-performing accumulation alternation ally beyond their enterprise,” said Douglas McCrosson, admiral and CEO of CPI Aero. “Missiles and added free aircraft systems are cardinal areas of advance for CPI Aero. Our acceptability for arete in accomplishment some of the world’s best avant-garde pod-based aerial cyberbanking systems provides aplomb that we can be acknowledged in this adjoining market.”
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