CPI Aero Announces $3.2 Million Production Program Order from Major Aerospace Prime Contractor

EDGEWOOD, N.Y.--(BUSINESS WIRE)--CPI Aerostructures, Inc. (“CPI Aero®”) (NYSE Amex: CVU) announced today that it has received a purchase order from a leading global aerospace and defense company to produce aircraft structural assemblies, valued at $3.2 million. Work on this order will commence immediately and deliveries are scheduled to occur over a twelve month period beginning in early 2011.

“With this order, we have received contracts for this product totaling $9.4 million since 2004. We are extremely proud that our past performance has reinforced this customer’s confidence in CPI Aero, which has led to this new order.”

CPI Aero has received six previous orders for this assembly from the same customer and is currently completing a contract that was awarded in September 2009.

Edward J. Fred, CPI Aero’s CEO and President, stated, “With this order, we have received contracts for this product totaling $9.4 million since 2004. We are extremely proud that our past performance has reinforced this customer’s confidence in CPI Aero, which has led to this new order.”

About CPI Aero

CPI Aero is engaged in the contract production of structural and other 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 E-2D Hawkeye surveillance aircraft, the UH-60 BLACK HAWK helicopter, the S-92® 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® 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, 2009 and Form 10-Q for the quarter ended March 31, 2010.

CPI Aero^® is a registered trademark of CPI Aerostructures, Inc.