CPI Aerostructures Secures Major Partnership with MST Manufacturing
CPI Aerostructures, Inc. (NYSE: CVU), a notable name in the aerospace manufacturing industry, has recently inked a significant Long-Term Agreement (LTA) with MST Manufacturing. This announcement was made during a prestigious international air show, where representatives of both companies gathered to celebrate this collaboration aimed at bolstering CPI Aero’s aerostructures production capacity until the close of 2028.
Dorith Hakim, president and CEO of CPI Aerostructures, highlighted the strong partnership with MST Manufacturing, commending their role as a vital supplier. According to Hakim, the new LTA not only acknowledges MST’s exemplary performance but also strengthens their ongoing support for CPI Aero's innovative programs and production needs.
Strengthening Ties for Future Success
Kenneth Statton, the CEO and founder of MST Manufacturing, expressed enthusiasm about their evolving relationship with CPI Aerostructures. He emphasized the value and reliability that CPI Aero brings to MST's business model. Statton noted, "Our mutual commitment to superior customer service and innovation is key to our continued success together." This sentiment signals a promising trajectory for both companies as they continue to work side by side in the aerospace sector.
About CPI Aerostructures
CPI Aerostructures, often referred to simply as CPI Aero, is a U.S.-based manufacturer specializing in structural assemblies, primarily for fixed-wing aircraft and helicopters. Their expertise extends to airborne Intelligence Surveillance and Reconnaissance systems, addressing both commercial aerospace needs and national security markets. Within the global aerostructure supply chain, CPI Aero operates as a Tier 1 supplier to various aircraft Original Equipment Manufacturers (OEMs) and as a Tier 2 subcontractor to major Tier 1 manufacturers. Furthermore, CPI Aero holds a significant contract with the U.S. Department of Defense, focusing largely on the U.S. Air Force.
In addition to assembly operations, CPI Aero provides an array of essential services including engineering, program management, supply chain management, and Maintenance, Repair, and Overhaul (MRO) services. This broad skillset positions them as a comprehensive solution provider in the aerospace industry.
About MST Manufacturing
MST Manufacturing operates from Claremore, Oklahoma, boasting a manufacturing space exceeding 75,000 square feet and a dedicated team of over 110 employees. The company prides itself on its quality and capabilities, with certifications such as AS9100, ISO 9001, and ITAR, setting it apart as a leading complex CNC machining and fabrication provider in the region. MST Manufacturing is fully equipped with over 60 CNC machines, waterjets, and extensive CAD/CAM software that supports advanced engineering and fabrication processes.
The company offers an impressive array of CNC machining services, including 5-axis milling and multi-axis turning, which allows for precision and versatility in production. The facilities are also capable of complex sheet metal forming, showcasing MST's further commitment to innovation and quality in the aerospace manufacturing arena.
Contact Information
For more information regarding CPI Aerostructures, interested parties can reach out to:
Investor Relations Counsel
Alliance Advisors IR
Jody Burfening
(212) 838-3777
cpiaero@allianceadvisors.com
CPI Aerostructures, Inc.
Philip Passarello
Chief Financial Officer
(631) 586-5200
ppassarello@cpiaero.com
www.cpiaero.com
Frequently Asked Questions
What is the recent agreement between CPI Aerostructures and MST Manufacturing?
CPI Aerostructures signed a Long-Term Agreement with MST Manufacturing to supply components for its aerostructures production, effective until the end of 2028.
What products does CPI Aerostructures manufacture?
CPI Aerostructures manufactures structural assemblies for fixed-wing aircraft, helicopters, and various reconnaissance pod systems.
What certifications does MST Manufacturing hold?
MST Manufacturing is certified with AS9100, ISO 9001, and ITAR, making it a leader in quality aerospace manufacturing.
Who is the CEO of CPI Aerostructures?
The CEO of CPI Aerostructures is Dorith Hakim, who oversees the company's strategic direction and partnerships.
How can I contact CPI Aerostructures for more information?
You can contact CPI Aerostructures by reaching out to Philip Passarello at (631) 586-5200 or via email at ppassarello@cpiaero.com.
