CPI Aerostructures Announces Agreement with Sikorsky Aircraft
EDGEWOOD, N.Y.--(BUSINESS WIRE)--CPI Aerostructures, Inc. (NYSE MKT: CVU) announced today that it has received a long term agreement from Sikorsky Aircraft Corp. to manufacture gunner window assemblies for the BLACK HAWK helicopter for a period of five years.
The windows are of two-piece construction located just behind the pilot seat on each side of the aircraft. They slide open for use by the machine gun operator. Deliveries are expected to commence in 2013 and end in 2018.
More than 3,000 BLACK HAWK helicopters are in use today, operating in 29 countries. Designed to stringent U.S. military standards, the BLACK HAWK helicopter has become the leader in multi-mission-type aircraft. Among the mission configurations it serves are troop transport, medical evacuation, electronic warfare, attack, assault support and special operations.
Including this new award, total new business from all customers in 2012, through September 10, is $63.8 million, compared to $61.7 million through September 10, 2011.
About Sikorsky Aircraft
Sikorsky Aircraft Corporation, based in Stratford, Conn., is a world leader in helicopter design, manufacture, and service. It is a subsidiary of United Technologies Corp. (NYSE:UTX), which is based in Hartford, Conn., and provides a broad range of high-technology products and support services to the aerospace and building systems industries.
About CPI Aero
CPI Aero is engaged in the contract production of structural aircraft parts for leading prime defense contractors, the U.S. Air Force, and other branches of the armed forces. CPI Aero also acts as a subcontractor to prime aircraft manufacturers in the production of commercial aircraft parts. In conjunction with its assembly operations, CPI Aero provides engineering, technical and program management services. Among the key programs that CPI Aero supplies are the E-2D Advanced Hawkeye surveillance aircraft, the A-10 Thunderbolt attack jet, the Gulfstream G650, the UH-60 BLACK HAWK helicopter, the S-92® helicopter, the MH-60S mine countermeasure helicopter, AH-1Z ZULU attack helicopter, the HondaJet-Advanced Light Jet, the MH-53 and CH-53 variant helicopters, the C-5A Galaxy cargo jet, and the E-3 Sentry AWACS jet. CPI Aero is included in the Russell 2000® Index.