CPI Aerostructures contracted to manufacture air management system components

CPI Aerostructures, Inc. (NYSE: CVU) has been awarded a contract valued at USD2.7 million from Raytheon Company (NYSE: RTN) to manufacture air management system (AMS) door and duct assemblies, the company said.

The assemblies will be manufactured for the engineering and manufacturing development (EMD) phase of the next generation Jammer Increment 1 Pod (NGJ Inc. 1 Pod).

In July 2016, CPI Aero announced a USD4.0 million award from Raytheon for pod structural housings of the NGJ Inc. I Pod. AMS door and duct assemblies are installed within the pod housing. CPI Aero expects to complete its work under the new contract in 2018.

CPI Aero is a US manufacturer of structural assemblies for fixed wing aircraft, helicopters and airborne Intelligence Surveillance and Reconnaissance pod systems in both the commercial aerospace and national security markets. Within the global aerostructure supply chain, CPI Aero is either a Tier 1 supplier to aircraft OEMs or a Tier 2 subcontractor to major Tier 1 manufacturers. CPI also is a prime contractor to the US Department of Defense, primarily the Air Force.