Cpi aerostructures, inc. wins $48 million a-10 re-winging contract
Cpi aerostructures, inc. announced the receipt of an indefinite delivery/indefinite quantity (idiq) contract with a maximum ceiling value of $48 million from boeing for structural assemblies for the a-10 thunderbolt ii. under the terms of the idiq, cpi aero will manufacture major structural subassemblies of the a-10 aircraft’s wing. the company also announced that it has received initial purchase orders under the idiq contract valued at approximately $6 million for the production of 4 shipsets of assemblies and associated program start-up costs. first delivery is expected to be in late 2020. cpi aero further announced that boeing has stated its intention to place additional firm production orders prior to may 2020 for between 23 and 40 production shipsets valued at between $9.1 million and $14.7 million with deliveries commencing in 2021. on august 21, 2019, boeing announced an award from the united states air force (usaf) with a maximum contract value of $999 million to manage the production of up to 112 new wing sets and spares kits for a-10 aircraft.
CVU Ratings Summary
CVU Quant Ranking
You've reached your free article limit.
Want To Read More Articles?
See what it all means for your stocks with premium tools
Stockprices is a weekly video covering what moved markets
this week, featuring a panel of Stockprices editors. It is published by the
close of trading on Fridays. Hosted by Nathaniel E. Baker, contributing editor,
and featuring: Aaron Task, VP Contributor Content and co-host Stockprices's Alpha
Trader podcast; Brad Olesen, VP News; Steve Alpher, Managing Editor News, co-host
Alpha Trader.
Unsubscribe From All
You successfully activated
“Only Essentials”
Confirm Upgrade
Your subscription will be moved to the annual plan. Service will automatically renew unless cancelled. No Refunds. Click upgrade to confirm.
Stockprices uses Plaid to connect you account
Connect effortlessly
Plaid lets you securely connect your financial accounts in seconds
Your data belongs to you
Plaid doesn't sell personal info, and will only use it with your permission