Cpi aerostructures receives $2.7m order from lockheed martin for f-16v structural assemblies

Edgewood, n.y., july 07, 2022 (globe newswire) -- cpi aerostructures, inc. (“cpi aero®”) (otc pink: cvua) today announced that lockheed martin (nyse: lmt) has placed an order against a previously announced multi-year contract to manufacture structural assemblies for the f-16v aircraft, the world's most technologically advanced fourth generation fighter. this order funds additional quantities of rudder island and drag chute canister (“ri/dcc”) assemblies for the f-16v. the ri/dcc is a large structural sub-assembly that is installed on the tail section of the aircraft. this order brings the total funding authorized to date on this multi-year contract to $20.6 million. deliveries on this follow-on order are expected to begin during the fourth quarter of 2023 and continue through mid-2024.
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