CPI Aero Announces $65.7 Million Air Force Contract for T-38 Aircraft Modification Kits
CPI Aerostructures, Inc. (CVU)
NASDAQ:AMEX Investor Relations:
cpiaero.com
Company Research
Source: GlobeNewswire
- Largest Prime Contract with Department of Defense in 15 years - EDGEWOOD, N.Y., July 29, 2019 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (CPI Aero®) (NYSE American: CVU) today announced that it has been awarded a $65.7 million indefinite-delivery/indefinite-quantity (IDIQ) contract from the United States Air Force to provide structural modification kits, program management, logistics, and other sustainment services in support of Phase 3 of the T-38C Pacer Classic III Fuselage Structural Modification Kit Integration program (“PC III”) and the Talon Repair Inspection and Maintenance (“TRIM”) program. The company also received its first delivery order under the contract valued at $3.4 million for which work will commence immediately. For more than 50 years, the Northrop T-38 has been the principal supersonic jet trainer used by the US Air Force. PC III and TRIM are expected to increase the structural service life of the T-38 beyond 2030. PC III is a three-phase aircraft modifica
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Sec Filings
- 4/29/24 - Form DEFA14A
- 4/29/24 - Form DEF
- 4/8/24 - Form 10-K
- CVU's page on the SEC website