CPI Aerostructures wins Northrop Grumman follow-on contract for E-2D aircraft

CPI Aerostructures Inc. (NYSE American: CVU) announced that its subsidiary Welding Metallurgy Inc. received follow-on orders from Northrop Grumman Corp. (NYSE: NOC) to manufacture welded structure assemblies for E-2D Advanced Hawkeye aircraft.

Under the contract terms, Welding Metallurgy will produce more than 20 different complex welded assemblies supporting E-2D aircraft production, with deliveries scheduled through 2028. The company will manufacture the assemblies under its NADCAP certification for fusion and resistance welding.

"CPI Aero is proud to supply complex welded assemblies to Northrop Grumman under our NADCAP certification for fusion and resistance welding," said Dorith Hakim, president and CEO of CPI Aero. "These Northrop Grumman orders are a testimony of our capabilities and continue our long history of providing welded assemblies and kitting services in support of the E-2D Advanced Hawkeye program."

The company stated it is approved to several aerospace and defense original equipment manufacturer weld specifications for multiple metals including steel, aluminum and titanium. The E-2D Advanced Hawkeye is an airborne early warning command and control aircraft used by U.S. and allied forces.

CPI Aero operates as a prime contractor to the U.S. Department of Defense and as a Tier 1 subcontractor to aerospace and defense contractors. The company reported a funded backlog exceeding $95 million and an unfunded backlog of $400 million for a total backlog of $495 million.

The information is based on a company press release statement.

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