Boeing receives purchase orders of USD 14m for A-10 Thunderbold II structural assemblies

The Boeing Company (NYSE: BA) has announced Boeing has received purchase orders totaling approximately USD 14 million from Boeing for structural assemblies for the A-10 Thunderbolt II under a previous IDIQ contract, the company said.

Under the terms of the IDIQ, CPI Aerostructures, Inc. (NYSE American: CVU) will manufacture major structural subassemblies of the A-10 aircraft´s wing. Including these new orders, CPI Aero has now received approximately USD 20 million in funding from Boeing for the production of A-10 re-wing structural assemblies and associated program start-up costs. First delivery is expected to be in late 2020 and the period of performance under current funding is expected to extend into 2022.

On August 21, 2019, Boeing announced an award from the United States Air Force (USAF) with a maximum contract value of USD 999 million to manage the production of up to 112 new wing sets and spares kits for A-10 aircraft.

CPI Aero said the latest purchase orders represent a substantial commitment by the US Air Force and Boeing to keeping this vital weapon system in the fight for years to come. New orders, such as these for the A-10, add to a funded backlog for products that are at the core of our country´s national security mission and comprise both older platforms, like the A-10, and current generation programs.