CPI Aerostructures Named a Finalist for Aviation Week Program Excellence Award
September 18, 2017
EDGEWOOD, N.Y. -- CPI Aerostructures, Inc. (“CPI Aero®”) (NYSE American: CVU) today announced that it has been named a finalist for Aviation Week Network’s 2017 Program Excellence Award. The company was recognized for its MH-60 Seahawk Stabilator Overhaul & Repair program it performs for Sikorsky, a Lockheed Martin Company (NYSE: LMT).
The Program Excellence awards, initiated in 2004 by industry, government and academic leaders, were conceived as a means to share best practices across the industry. Working with Aviation Week on the Program Excellence initiative are Boeing, Elbit Systems of America, General Atomics Aeronautical Systems, Honeywell Aerospace, Lockheed Martin, Moog, Inc., Northrop Grumman, and Rockwell Collins. Twenty finalists were selected across seven different categories. CPI Aero is one of two finalists in the Supplier Sustainment category, and the only U.S. small business finalist in any category.
Douglas McCrosson, President and CEO of CPI Aero commented, “The Program Excellence Award is one of our industry’s most prestigious awards and we are honored to be named a finalist. This recognition is particularly gratifying because the Seahawk Stabilator program was our first foray into maintenance, repair and overhaul (MRO) and because it demonstrates the transferability of our excellent program execution in manufacturing new aircraft structure to the sustainment of legacy defense platforms, a large and growing segment of the overall defense industry. I would like to acknowledge the terrific work of the entire MH-60 Seahawk team, led by Program Manager Jessica Hill, and congratulate them on this achievement.”
Awards will be presented to finalists and winners on October 23, 2017 during the 15th Annual Program Excellence Symposium & Awards Banquet.
About Aviation Week Network
The Aviation Week Network is the largest multimedia information and services provider for the global aviation, aerospace and defense industries that has a database of 1.2 million professionals around the world. Industry professionals rely on Aviation Week for analysis, marketing and intelligence. Customers include the world's leading manufacturers, suppliers, airlines, business aviation operators, militaries, governments and other organizations that serve this global market. The product portfolio includes Aviation Week & Space Technology, AC-U-KWIK, Aircraft Blue Book, Airportdata.com, Air Charter Guide, Air Transport World, AviationWeek.com, Aviation Week Intelligence Network, Business & Commercial Aviation, ShowNews, SpeedNews, Fleet and MRO forecasts, global maintenance, repair and overhaul (MRO) tradeshows and aerospace & defense conferences.
About CPI Aero
CPI Aero is a U.S. 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 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. 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, 2016 and Form 10-Q for the quarters ended March 31, 2017, and June 30, 2017.
CPI Aero® is a registered trademark of CPI Aerostructures, Inc. For more information, visit www.cpiaero.com, and follow us on Twitter @CPIAERO.
Chief Financial Officer
Investor Relations Counsel:
Jody Burfening/Sanjay M. Hurry