CPI Aero Announces $1.03 Million Order from Lockheed Martin

CPI Aerostructures announced that it has received an order from Lockheed Martin to produce aircraft structural assemblies for the U.S. Navy’s P-3 “Orion” aircraft, valued at $1.03 million. Work on this order will commence immediately and deliveries will run through mid 2011.

Edward J. Fred, CPI Aero’s CEO and President, stated, “This order from Lockheed, a long-term customer with whom we have had a solid relationship, diversifies the parts we produce on a platform for which we’ve already provided quality deliveries and enables us to continue to support a vital U.S. Navy program. This award enhances our current business and we believe it improves our prospects for future orders from Lockheed.”

Details on Lockheed Martin Corporation – Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2008 sales of $42.7 billion.