CPI Aerostructures, Inc. (CVU) Secures Follow-On Orders Worth $2.4M for Welded Assemblies

CPI Aerostructures, Inc. (NYSEAMERICAN:CVU) is among the 10 Best Low Priced Defense Stocks to Buy Now. On July 30, the company announced that it was awarded follow-on orders worth $2.4 million from multiple customers to weld complex structural assemblies used on a U.S. military helicopter.

Dorith Hakim, President and CEO of CPI Aerostructures, Inc. (NYSEAMERICAN:CVU), welcomed the order, saying he was proud of the company’s rich history of providing components and assemblies for fixed and rotary wing aircraft for the U.S. military and allied forces.

He further added that CPI Aerostructures, Inc. (NYSEAMERICAN:CVU)’s fusion welding capability was widely regarded across the industry and that the recent orders demonstrate the company’s commitment to excellence in delivering fusion welded assemblies for its customers.

CPI Aerostructures, Inc. (NYSEAMERICAN:CVU) manufactures structural parts for fixed-wing aircraft and helicopters in the commercial and defense markets. In April this year, the company completed the delivery of an ALMDS pod structure in support of Northrop Grumman’s contract for a Korean program.

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