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Stock impact report

CPI Aerostructures Receives Additional Orders Worth $9M From Lockheed Martin for F-16 Structural Assemblies

CPI Aerostructures, Inc. (CVU) 
NASDAQ:AMEX Investor Relations: cpiaero.com
Company Research Source: GlobeNewswire
EDGEWOOD, N.Y., Feb. 24, 2026 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero” or the “Company”) (NYSE American: CVU) announced that Lockheed Martin Aeronautics has placed several additional orders totaling $9 million against a previously announced Long Term Agreement to manufacture the Rudder Island Drag Chute Canister (RI/DCC) assemblies for the F-16 Block 70/72 fighter jets. These new orders will see deliveries continue through 2028. CPI Aero delivered its first RI/DCC assembly for the F-16 Block 70/72 in June 2021. CPI was awarded a second follow-on multi-year contract in 2023. This recent award adds funding for additional quantities under that Indefinite Delivery, Indefinite Quantity (IDIQ) contract. “The F-16 Fighting Falcon remains the world’s most advanced 4th-generation fighter aircraft ever built, operating in more than 29 countries. CPI is honored to support Lockheed Martin’s F-16 production line with mission-critical structural assemblies, leveraging our proven Show less Read more
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