August 29, 2012
CPI Aero announces $9.6m in new funding for wing kits from Northrop Grumman Corporation
CPI Aerostructures has received a $9.6m modification to a previously announced purchase order from Northrop Grumman Corporation (NOC) authorizing the start of production of additional Outer Wing Panel (OWP) kits. The kits are for use in the manufacture of complete wings for the E-2D Advanced Hawkeye. This modification supports the E-2D program full-rate production lot 1. This modification provides new E-2D Advanced Hawkeye funding for CPI Aero. CPI Aero has been producing OWP kits for the E-2D and the C-2A aircraft since June 2008. CPI Aero has received firm orders and advanced funding for OWP kits totaling approximately $46.3m.