CPI Aerostructures Announces $500,000 Civil Product Line Contract Award from Sikorsky Aircraft.EDGEWOOD, N.Y. -- CPI Aerostructures, Inc. (AMEX AMEX See: American Stock Exchange : CVU) ("CPI Aero") announced today that it has received contracts from Sikorsky Aircraft Corporation valued in excess of $500,000 for the S-92 helicopter. CPI Aero will be providing seat fitting kits, search and rescue (SAR (Segmentation And Reassembly) The protocol that converts data to cells for transmission over an ATM network. It is the lower part of the ATM Adaption Layer (AAL), which is responsible for the entire operation. See AAL. SAR - segmentation and reassembly ) door provision kits and SAR completion kits. Deliveries of the kits have recently begun and will be completed in early 2007. The S-92 is the newest aircraft in Sikorsky's civil product line. The S-92 fleet spans several countries, and performs a number of missions, including Offshore Oil, Corporate VIP, Head of State and Search and Rescue. "We are very proud of the fact that we continue to expand our business base with Sikorsky, one of the world's leading helicopter manufacturers," stated Edward J. Fred, CPI Aero's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. & President. "We are working diligently to provide quality products and to strengthen Sikorsky's confidence in CPI Aero as a premier subcontractor of aircraft structure and as a long term partner in their success." About Sikorsky Aircraft Sikorsky Aircraft Corporation, based in Stratford, Conn., is a world leader in helicopter design, manufacturing, and service. United Technologies Corp. (NYSE NYSE See: New York Stock Exchange : UTX), 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 aircraft parts for the U.S. Air Force, other branches of the armed forces and leading prime defense contractors. 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 C-5A C-5A Galaxy (USAF cargo aircraft) Galaxy cargo jet, the T-38 Talon jet trainer, the A-10 Thunderbolt attack jet, the E-3 Sentry AWACS AWACS (Airborne Warning and Control System) Mobile, long-range radar surveillance-and-control centre for air defense. Used by the U.S. Air Force since 1977, AWACS is mounted in a specially modified Boeing 707 aircraft, with its main radar antenna affixed to a rotating dome. jet, UH-60 Black Hawk For other uses of Blackhawk/Black Hawk, see Black Hawk. The Sikorsky UH-60 Black Hawk is a medium-lift utility or assault helicopter derived from the twin-turboshaft engine, single rotor Sikorsky S-70. helicopter, and the MH-60S mine countermeasure helicopter. 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, 2005 and Form 10-Q for the quarters ended March 31, 2006, June 30, 2006 and September 30, 2006. |
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