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CPI Aerostructures Receives Additional Orders Worth $9M From Lockheed Martin for F-16 Structural Assemblies
EDGEWOOD, N.Y., Feb. 24, 2026 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero” or the “Company”) (NYSE American: CVU) announced that Lockheed Martin Aeronautics has placed several additional orders totaling $9 million against a previously announced Long Term Agreement to manufacture the Rudder Island Drag Chute Canister (RI/DCC) assemblies for the F-16 Block 70/72 fighter jets. These new orders will see deliveries continue through 2028. CPI Aero delivered its first RI/DCC assembly for th
About this update from Lockheed Martin Corporation
[{"type":"image","alt":"CPI Aerostructures, Inc.","displaySize":"","headline":null,"caption":"CPI Aerostructures, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":76,"url":"https://media.zenfs.com/en/globenewswire.com/983c45b771de3f746ad556e26c3c32a1"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/2wO9DzBPJQocQQOcCQT.lg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTEwNjtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/983c45b771de3f746ad556e26c3c32a1","width":300,"height":76}},"lazy":false},{"type":"text","content":"EDGEWOOD, N.Y., Feb. 24, 2026 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero” or the “Company”) (NYSE American: CVU) announced that Lockheed Martin Aeronautics has placed several additional orders totaling $9 million against a previously announced Long Term Agreement to manufacture the Rudder Island Drag Chute Canister (RI/DCC) assemblies for the F-16 Block 70/72 fighter jets. These new orders will see deliveries continue through 2028.","length":448,"tagName":"p"},{"type":"text","content":"CPI Aero delivered its first RI/DCC assembly for the F-16 Block 70/72 in June 2021. CPI was awarded a second follow-on multi-year contract in 2023. This recent award adds funding for additional quantities under that Indefinite Delivery, Indefinite Quantity (IDIQ) contract.","length":273,"tagName":"p"},{"type":"text","content":"“The F-16 Fighting Falcon remains the world’s most advanced 4th-generation fighter aircraft ever built, operating in more than 29 countries. CPI is honored to support Lockheed Martin’s F-16 production line with mission-critical structural assemblies, leveraging our proven capabilities in the assembly and integration of complex, mixed-commodity aerostructures and aerosystems. Day in and day out, Lockheed Martin, and our other OEM and DoD customers depend on CPI to deliver world‑class manufacturing, engineering, program and supply chain management to support our war fighters,” stated Dorith Hakim, CEO & President of CPI Aero.","length":635,"tagName":"p"},{"type":"text","content":"About CPI Aero ","length":14,"tagName":"p"},{"type":"text","content":"CPI Aero is a prime contractor to the U.S. Department of Defense as well as a Tier 1 subcontractor to some of the largest aerospace and defense contractors in the world. CPI Aero provides engineering, program management, supply chain mana...