CPI Aerostructures, Inc. (“CPI Aero®”) (NYSE Amex: CVU) announced today that it has received a schedule agreement from Sikorsky Aircraft Corp. valued at up to approximately $2.3 million to manufacture gunner window assemblies for the BLACK HAWK helicopter.
Sikorsky is a business unit of United Technologies Corp. (NYSE: UTX). This new agreement is a follow-on to the $2 million agreement announced in late 2010.
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 the first half of 2012 and end in early 2013.
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.
About Sikorsky Aircraft
Sikorsky Aircraft Corporation, based in Stratford, Conn., is a world leader in helicopter design, manufacture, and service. United Technologies Corp., based in Hartford, Conn., 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 and other 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, MH-53 and CH-53 variant helicopters, the UH-60 BLACK HAWK helicopter, the S-92® helicopter, the MH-60S mine countermeasure helicopter, the Gulfstream G650, C-5A Galaxy cargo jet, the A-10 Thunderbolt attack jet, and the E-3 Sentry AWACS jet. 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, 2010 and Forms 10-Q for the quarters ended March 31, 2011 and June 30, 2011.
CPI Aero® is a registered trademark of CPI Aerostructures, Inc.