Cpi aero delivers 1st b-52 radar rack structure to rtx

Edgewood, n.y., oct. 12, 2023 (globe newswire) -- cpi aerostructures, inc. (“cpi aero®” or the “company”) (nyse american: cvu) today announced that it has delivered its first b-52 radar rack structure to raytheon, an rtx business under an idiq contract signed in late 2021 with a ceiling value of $20 million. under this first phase of the idiq contract, cpi aero is building and delivering 9 development units and 2 spares, along with completing the tooling and other non-recurring engineering efforts. deliveries of the remaining rack structures will continue into 2024.
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