CPI Aerostructures Announces C-5 Crown Skins Award

Potential Value of $12.3 Million; Initial Release of $2.4 Million

(Edgewood, N.Y., October 1, 2008) -- CPI Aerostructures, Inc. ("CPI Aero(R)") (AMEX: CVU) announced today that the U.S. Air Force has awarded CPI Aero an IDIQ (Indefinite Delivery, Indefinite Quantity) contract to provide crown skins for the C-5 Galaxy cargo aircraft, with a potential value of approximately $12.3 million. The initial release received under this award is for $2.4 million.

Crown skins are very large aluminum sheets covering the top of the fuselage of the C-5 aircraft, which form part of the pressure boundary. This award of $2.4 million brings the total new year-to-date awards to $48.2 million, compared to only $18.9 million for the same period last year, and $37.7 million for all of last year.

Source : CPI Aerostructures Inc.

Recent News from CPI Aerostructures Inc.

• CPI Aero Announces $1.67 M Order from Major Aerospace Contractor [Aerospace] [Aviation] [Defence] [ Thu 16 Oct 2008 ]
• CPI Aero Announces New C-5 Order Valued at $556,000 [Defence] [ Wed 15 Oct 2008 ]
• CPI Aero Announces Release of C-5 TOP Order Valued $1.6 M [Defence] [ Fri 3 Oct 2008 ]
• CPI Aerostructures Announces C-5 Crown Skins Award [Aerospace] [Defence] [ Thu 2 Oct 2008 ]
• CPI Announces $3.6 M Civil Product Line Contract Award from Sikorsky [Aerospace] [Aviation] [ Thu 28 Aug 2008 ]
• CPI Receives Additional $10 M Delivery Orders from Boeing [Defence] [ Tue 5 Aug 2008 ]
• CPI Announces $2 M Civil Product Line Contract Award from Sikorsky [Aerospace] [Aviation] [ Thu 31 Jul 2008 ]