EDGEWOOD, N.Y., Oct. 26, 2022 (GLOBE NEWSWIRE) — CPI Aerostructures, Inc. (“CPI Aero” or the “Company”) (NYSE American: CVU) introduced that Embraer S.A. of Brazil (NYSE: ERJ) has positioned a number of orders towards a beforehand introduced Long Term Agreement to fabricate engine inlet assemblies for the Embraer Phenom 300 business jets. These new orders will see deliveries proceed by way of 2023.
“CPI Aero is proud to be part of the successful Phenom 300 program. Having produced inlet assemblies on this program for over 10 years, we have earned Embraer’s confidence in our capabilities and, based on the strong demand for the Phenom 300 business jet, we fully expect to continue serving this important customer beyond 2023,” acknowledged Dorith Hakim, CPI Aero’s CEO & President.
About CPI Aero
CPI Aero is a U.S. producer of structural assemblies for fastened wing plane, helicopters and airborne Intelligence Surveillance and Reconnaissance pod programs in each the business aerospace and nationwide safety markets. Within the worldwide aerostructure provide chain, CPI Aero is both a Tier 1 provider to plane OEMs or a Tier 2 subcontractor to main Tier 1 producers. CPI is also a primary contractor to the U.S. Department of Defense, primarily the Air Force. In conjunction with its meeting operations, CPI Aero offers engineering, program administration, provide chain administration, and MRO companies.
Forward-looking Statements
This press launch comprises forward-looking statements inside the that means of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, apart from statements of historic reality, included or included on this press launch are forward-looking statements. Forward-looking statements contain dangers and uncertainties, and precise outcomes may differ materially from these forward-looking statements. The Company doesn’t assure that it’ll really obtain the plans, intentions or expectations disclosed in its forward-looking statements and you shouldn’t place undue reliance on the Company’s forward-looking statements.
There are quite a lot of vital elements that would trigger the Company’s precise outcomes to vary materially from these indicated or implied by its forward-looking statements, together with these vital elements set forth beneath the caption “Risk Factors” within the Company’s Annual Report on Form 10-Okay for the interval ended December 31, 2021 and the Company’s subsequent filings with the Securities and Exchange Commission. Although the Company could elect to take action in some unspecified time in the future sooner or later, the Company doesn’t assume any obligation to replace any forward-looking statements and it disclaims any intention or obligation to replace or revise any forward-looking assertion, whether or not because of new info, future occasions or in any other case.
CPI Aero® is a registered trademark of CPI Aerostructures, Inc. For extra info, go to www.cpiaero.com, and observe us on Twitter @CPIAERO.
