CPI Aerostructures gets follow-on order for S-92 helicopter

CPI Aerostructures, Inc. (NYSE MKT: CVU) has entered into a long term, follow-on contract with Sikorsky, a Lockheed Martin company, to provide structural assemblies and kits for the S-92® helicopter program, the company said.

Under the terms of the agreement, CPI Aero will provide 15 different deliverable items including door assemblies, cover assemblies, and various installation kits used by Sikorsky to complete the final assembly of the S-92 helicopter. Each deliverable item has been manufactured by CPI Aero for the S-92 helicopter under a contract awarded in 2011.

Sikorsky has delivered more than 275 S-92 helicopters since 2004. These helicopters perform search and rescue missions, head of state missions, as well as a variety of transportation missions for offshore oil and gas crews, utility and airline passengers. The S-92 helicopter is the preferred aircraft of its size class for off-shore oil transportation.

CPI Aero is a US manufacturer of structural assemblies and value-added kits for fixed wing and rotary wing aircraft in both the commercial aerospace and defense markets. CPI Aero also manufactures pod-based, airborne avionics systems for Intelligence Surveillance and Reconnaissance (ISR), Electronic Warfare (EW) and Radar end-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. In conjunction with its assembly operations, CPI Aero provides engineering, program management, supply chain management, and MRO services. CPI Aero is included in the Russell Microcap® Index.