CPI Aerostructures Secures $10.59 Mln Order For Wing Kits From Northrop Grumman

(RTTNews) - CPI Aerostructures Inc. (CVU) announced Thursday that it has received a $10.59 million purchase order from Northrop Grumman Corp. (NOC) for Outer Wing Panel or OWP kits for E-2D Advanced Hawkeye, full rate production Lot 2 aircraft.

CPI Aerostructures has produced OWP kits for the E-2D Advanced Hawkeye and C-2A Greyhound aircraft, which share a common wing design, since June 2008. CPI Aero has received orders for OWP kits totaling about $66.3 million.

The award was included in the previously announced total of $101.9 million in new business awards from all customers as of December 3, 2013, CPI Aerostructures noted.