Lockheed Martin has awarded $1 million contract to CPI Aerostructures for P-3 Orion's structural assemblies

  • 12:00 AM, December 11, 2009
  • 2365
CPI Aerostructures, Inc. ("CPI Aero(R)") (NYSE Amex: CVU) announced today that it has received an order from Lockheed Martin Corporation ("Lockheed") to produce aircraft structural assemblies for the U.S. Navy's P-3 "Orion" aircraft, valued at $1.03 million. Work on this order will commence immediately and deliveries will run through mid 2011. Edward J. Fred, CPI Aero's CEO and President, stated, "This order from Lockheed, a long-term customer with whom we have had a solid relationship, diversifies the parts we produce on a platform for which we've already provided quality deliveries and enables us to continue to support a vital U.S. Navy program. This award enhances our current business and we believe it improves our prospects for future orders from Lockheed."
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