CPI Aero to Recieve Aviation Week’s “A&D Companies
to Watch” Award on November 13th
November 13, 2013
Edgewood, NY – CPI Aerostructures, Inc. (“CPI Aero®”) (NYSE American: CVU) today announced that it is a recipient of Penton’s Aviation Week’s best-in-class “A&D Companies to Watch” Award.
Federal spending cuts required by sequestration have significantly impacted the nation’s aerospace and defense programs. To assist industry professionals in determining how programs are being affected and where government is likely to place its bets, Penton’s Aviation Week will hold its annual Aerospace & Defense Programs Conference on November 13-14, 2013 at the Arizona Biltmore in Phoenix, AZ.
The event features the “2013 Aviation Week Program Excellence Awards” and the “A&D Companies to Watch” program.
The “A&D Companies to Watch” program, developed to serve the strategic sourcing needs of aerospace and defense supply chain and engineering/technology executives, provides a listing of 20 select companies with annual revenues of less than $100 million.
CPI Aero was one of the top five “A&D Companies to Watch” to be identified as best-in-class. The classification was based on the need for such companies’ products and services, their fitness as a supplier, and demonstrated ability to develop and bring to market products and services needed by the industry.
The five companies identified as best-in-class are:
For millions of business owners and decision-makers, Penton makes the difference every day. Penton engages its professional users by providing actionable ideas and insights, data and workflow tools, community and networking, both in person and virtually, all with deep relevance to their specific industries. Penton then activates this engagement by connecting users with tens of thousands of targeted providers of products and services to help drive business growth.
Penton is a privately held company owned by MidOcean Partners and U.S. Equity Partners II, an investment fund sponsored by Wasserstein & Co., LP.
About CPI Aero
CPI Aero is a U.S. 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 U.S. 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. Among the key national security programs that CPI Aero supplies are the E-2D Advanced Hawkeye surveillance aircraft, the UH-60 BLACK HAWK® helicopter, the MH-53/CH-53 variant helicopters, the F-16 fighter aircraft, the MH-60S mine countermeasure helicopter, the AH-1Z ZULU attack helicopter, the DB-110 reconnaissance pod and the ALMDS mine detecting pod. In the commercial aviation market CPI Aero manufactures products for the Gulfstream G650 ultra-large cabin business jet, the HondaJet advanced light jet, the Embraer Phenom 300 business jet, the new Cessna Citation X+, and the S-92® helicopter. CPI Aero is included in the Russell Microcap® Index.
The above statements include forward looking statements that involve risks and uncertainties, which are described from time to time in CPI Aero’s SEC reports, including CPI Aero’s Form 10-K for the year ended December 31, 2012 and Forms 10-Q for the quarters ended March 31, 2013, June 30, 2013, and September 30, 2013.
CPI Aero® is a registered trademark of CPI Aerostructures, Inc.
Chief Financial Officer
Investor Relations Counsel:
Jody Burfening/Sanjay M. Hurry