CPI Aerostructures Secures Major Contract
Production Order for Pods and Air Management System valued at up to $42.3 Million.
EDGEWOOD, N.Y. — CPI Aerostructures, Inc. (NYSE American: CVU) has been awarded a significant contract by Raytheon, a part of RTX, to commence the manufacturing of Pods and Air Management Systems (AMS) for the Lot 5 Production phase of the innovative Next Generation Jammer Mid-Band (NGJ-MB) program. The initial funding for this exciting venture is pegged at $21.1 million, potentially reaching a maximum of $42.3 million, with deliveries anticipated to start as early as 2027.
Understanding the NGJ-MB Program
The U.S. Navy recently achieved an important milestone by declaring initial operational capability (IOC) for the NGJ-MB Program. This advanced system, designed by Raytheon, is a critical component of a broader NGJ system intended to enhance and ultimately supersede the existing ALQ-99 Tactical Jamming System currently deployed on the EA-18G Growler aircraft. The NGJ-MB operates on cutting-edge digital technology, featuring software-based and electronically scanned array capabilities to effectively disrupt, deny, and degrade enemy defenses and communications.
The Role of CPI Aerostructures
As part of this contract, CPI Aerostructures will produce two NGJ-MB Pods for each EA-18G Growler, composing the vital structure and associated Air Management Systems. This award emphasizes CPI Aero's pivotal role as a reliable supplier within Raytheon's strategic business units and product lines, highlighting the company's commitment to delivering high-quality components on or ahead of schedule. Dorith Hakim, President and CEO of CPI Aero, expressed pride in this accomplishment, acknowledging the critical needs of the U.S. Navy and Raytheon, and reaffirming the company's dedication to their commitments.
About CPI Aerostructures
CPI Aerostructures is recognized as a premier contractor to the U.S. Department of Defense, serving as a Tier 1 subcontractor for some of the most renowned aerospace and defense firms globally. The company specializes in providing a wide array of services, including engineering, program management, and assembly operations, as well as maintenance, repair, and overhaul (MRO) services to its clientele. CPI Aero has gained a reputation as a leader in the international aerospace market, offering advancements in areas such as complex welded products, military tactical pod structures, and aircraft structural assemblies.
The CPI Advantage
CPI Aerostructures prides itself on merging large-scale capabilities with the flexibility and customer-centric approach typical of smaller firms. This unique combination enables CPI Aero to meet the needs of its international customer base effectively, offering prompt and personable service alongside high-quality products.
Frequently Asked Questions
What is the purpose of the NGJ-MB program?
The NGJ-MB program is designed to enhance the jamming capabilities of the U.S. Navy by providing advanced systems to counter enemy defenses.
What is the value of the contract awarded to CPI Aerostructures?
The contract has an initial value of $21.1 million, with a maximum potential value of $42.3 million.
When is the expected delivery for the NGJ-MB systems?
Deliveries for the NGJ-MB systems are scheduled to begin around 2027.
How does CPI Aerostructures contribute to the U.S. Department of Defense?
CPI Aerostructures serves as a prime contractor and tier-one subcontractor, providing essential components and systems for various defense initiatives.
What advantages does CPI Aerostructures offer its clients?
CPI Aerospace combines the resources of a large contractor with the adaptability and personalized service of a smaller firm, ensuring timely and quality solutions.
