Contract Award- CPI Aerostructures- $1.03 Million – Lockheed Martin

Lockheed Martin has awarded CPI Aerostructures a contract to provide aircraft structural assemblies for the P-3 Orion aircraft for the US Navy. The contract has a value of $1.03 million, and work will begin immediately and deliveries will continue into mid 2011.

Edward J. Fred, president and CEO of CPI Aerostructures, said  “This order from Lockheed, a long-term customer with whom we have had a solid relationship, diversifies the parts we produce on a platform for which we’ve already provided quality deliveries and enables us to continue to support a vital U.S. Navy program. This award enhances our current business and we believe it improves our prospects for future orders from Lockheed.”

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