CPI Aerostructures Receives Follow-on Orders Totaling $6 Million for Airborne Pods from Raytheon

EDGEWOOD, N.Y., March 03, 2026 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®” or the “Company”) (NYSE American: CVU) announced that it has received funded orders totaling $6 million for Airborne Pods from Raytheon’s Advanced Products & Solutions Strategic Business Unit. This program adds to the growing list of Airborne Pod Programs in CPI’s Aerosystems Segment. The SOW includes the design and development of assembly tools and fixturing, procurement of complex monolithic machine parts and other detailed components, assembly and integration of the complete pod structure, and required testing. These funded orders were issued with a not-to-exceed (NTE) ceiling of $12 million.

“Manufacturing airborne pods is now recognized as a core competency at CPI Aero, leveraging our expertise in structural assembly and integration, supply chain management, tool design and manufacturing engineering. This pod program, along with others awarded by Raytheon and other OEMs, demonstrates our customer’s continued trust in CPI Aero to deliver high quality products to exacting standards,” stated Dorith Hakim, President and CEO of CPI Aero.

About CPI Aero

CPI Aero is a prime contractor to the U.S. Department of Defense as well as a Tier 1 subcontractor to some of the largest aerospace and defense contractors in the world. CPI Aero provides engineering, program management, supply chain management, assembly operations and MRO services to this global network of customers. CPI Aero is recognized as a leader within the international aerospace market in such areas as aircraft structural assemblies, military advanced tactical pod structures, engine air inlets, and complex welded products. CPI Aero’s international customer base enjoys a unique combination of large-company capabilities, matched with small-company value, responsiveness, and personal customer service.

Forward-looking Statements