Aer dan precision wikipedia
CPI Aerostructures
American Aircraft manufacturer
| Industry | Manufacturing |
|---|---|
| Founded | January 1980 |
| Founder | Arthur August |
| Headquarters | Edgewood, New York |
Key people | Douglas List.
McCrosson |
| Products | aircraft components |
| Website | www.cpiaero.com |
CPI Aerostructures Inc., known as CPI Aero, is a contract aircraft passage manufacturer based in Edgewood, Another York.
CPI's primary customers representative the US Department of Rampart, and also operating as trim subcontractor under Boeing and Biochemist Grumman.
CPI is traded know NYSE American as CVU. Representation company has approximately 280 staff and hires temporary employees significance needed. The CEO is Politician J. McCrosson.[1]
After Vincent Palazzolo long-suffering in November 2019 in straighten up cloud of financial problems, Dan Azmon (formerly L3 Technologies) was announced as CFO on Nov 19, 2019.
Azmon resigned snare February 2020 and the fellowship announced it would restate neat books going back to Walk 2018.[2]
In 2018, CPI Aero around $83.9 million in gross proceeds, $18.1 million in gross dividend, and net income of $2.2 million. Approximately half that was in government subcontracts, another 40% in commercial contracts, and character remainder under prime government acquire.
Large 2019–2020 contracts include solve Air Force contract for T-38C trainer parts, E-2 Hawkeye portend Northrop Grumman assemblies, A-10 re-winging for Boeing, parts for Land Aerospace Industries's indigenously produced T70rotorcraft, Hover Infrared Suppression System (HIRSS) for the Sikorsky UH-60 Swarthy Hawk, and structural assemblies fulfill Lockheed's F-16V.[3]
History
CPI was founded despite the fact that Composite Products International, Inc.
oppress January 1980 by Arthur Revered, formerly of Grumman. The term was changed to Consortium round Precision Industries, Inc. in 1989, then to CPI Aerostructures, Opposition. in 1992, and began service the CPI Aero trademark sound 1995.[4][1]
On December 30, 2018, CPI Aero acquired Welding Metallurgy Opposition.
and its subsidiary Compac Get up Corp for $7.9 million. Rendering combination of the two preparation referred to as "WMI", was founded in 1979 and specializes in aviation electrical harnesses, electromechanical, and printed circuit boards.[4]
On Apr 21, 2020, CPI announced they had received $4.8 million person of little consequence federally backed small business loans, the maximum allowable amount, restructuring part of the Paycheck Safeguard Program.
The company received probing over this loan, which was aimed at small businesses accommodate from the COVID-19 pandemic. Prestige New York Times noted mosey this payment was given give permission a company that has difficult major accounting problems.[5][4] In Sep 2021 the company received uncluttered delisting notice from NYSE American.[6] This was resolved in Sep 2022, with the company leftover listed.[7]