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CPI Aerostructures Announces $509,000 E-3A Contract Award from U.S. Air Force.

EDGEWOOD, N.Y. -- CPI Aerostructures, Inc. ("CPI Aero([R])") (NYSE Alternext US: CVU) announced today that it has been awarded a $509,000 contract to provide the U.S. Air Force with three engine nose cowl assemblies for its E-3A Airborne Early Warning aircraft. The E-3A is used primarily by the United States and NATO to detect impending danger and perform electronic jamming functions.

Edward J. Fred, CPI Aero's CEO and President, stated, "CPI Aero was awarded its first nose cowl assembly contract for the E-3A back in August 2000. This new award represents the fourth follow-on order we have received for this assembly, bringing the total number of cowls ordered to 28, which is a testament to the quality of work that we have performed and the continuing importance of the E-3A Airborne Early Warning program."

CPI Aero is engaged in the contract production of structural aircraft parts for leading prime defense contractors, the U.S. Air Force, and other branches of the armed forces. 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 UH-60 BLACK HAWK helicopter, the S-92[R] helicopter, the MH-60S mine countermeasure helicopter, the Gulfstream G650, C-5A Galaxy cargo jet, the T-38 Talon jet trainer, the A-10 Thunderbolt attack jet, and the E-3 Sentry AWACS jet. CPI Aero is included in the Russell Microcap[R] 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, 2007, and Form 10-Q for the quarters ended March 31, 2008, June 30, 2008, and September 30, 2008.

CPI Aero([R]) is a registered trademark of CPI Aerostructures, Inc.

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Publication:Business Wire
Date:Jan 8, 2009
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