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CVU-News
CVU-Events
CPI Aero Secures $13.6M Contract from L3Harris
CPI Aero (CVU) announced it received a fully definitized contract from L3Harris Technologies (LHX) totaling $13.6M to deliver airborne pod structures. The previously announced undefinitized contract action had a not-to-exceed of $12.1M. The contract supports L3Harris' delivery of operational prototype pods to the U.S. Naval Air Systems Command for fleet assessment and additional test assets for airworthiness and design verification. The Next Generation Jammer Low Band pods will fly on the EA-18G Growler and are integral to the Navy's plan to replace the aging AN/ALQ-99 Tactical Jamming System. CPI Aero recently delivered the first Test Article to L3Harris and has been providing Design for Manufacturing and Assembly engineering support since the program commenced in late 2024. CPI Aero's funded backlog of remaining performance obligations exceeds $95M and its unfunded backlog of future orders for the expected duration of existing programs is $400M. Total backlog is $495M. "Working with our newest customer, L3Harris, on this transformational program has been rewarding. Knowing that our NGJ Low Band pods will join our NGJ Mid Band pods flying on every EA 18G Growler-supporting a mission that is critical to joint and coalition armed forces-makes this milestone especially meaningful," stated Dorith Hakim, president and CEO of CPI Aero.
CPI Aerostructures Awarded Supply Agreement by Embraer
CPI Aerostructures (CVU) announced that Embraer (EMBJ), has awarded a life-of-program supply agreement to CPI Aero to manufacture engine inlet assemblies for the Embraer Phenom 100EX business jets. The first assemblies produced by CPI Aero has been delivered to Embraer in May.
CPI Aerostructures Secures Follow-On Orders from Northrop Grumman
CPI Aerostructures (CVU) announced that its wholly owned subsidiary, Welding Metallurgy has reached an Agreement with Northrop Grumman Corporation (NOC) and has been awarded follow-on orders for welded structure assemblies for the E-2D Advanced Hawkeye aircraft. Under the terms of these new orders, WMI will manufacture more than 20 different complex welded assemblies in support of the production of E-2D aircraft with deliveries through 2028
CVU Reports Q1 Revenue of $17.36M
Reports Q1 revenue $17.36M vs. $15.4M last year. "Our first-quarter 2026 results delivered broad-based strength, outperforming the first quarter of 2025 across every major metric," said Dorith Hakim, CEO of CVU. "A more favorable product mix and continued operational efficiencies drove a substantial expansion in gross profit margin and a $2.5 million increase in net income. We also reported adjusted EBITDA of $2.1 million, representing 53% growth over the prior-year period excluding the A-10 program impact."
Company Reports Q4 Revenue of $19.4M, Down from $21.8M Last Year
Reports Q4 revenue $19.4M vs $21.8M last year. "2025 was a challenging year due to the impact of the A-10 Program termination. Nevertheless, we took decisive actions to adapt and transition to new programs in the second half of the year. In addition, we reported significant contract wins aligned with our Aerospace & Defense Programs strategy including new awards from Raytheon, Lockheed Martin, the U.S. Air Force and Sikorsky Aircraft, across multiple aerospace and defense programs," said Dorith Hakim, President and CEO.
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