Non-military work targeted by CPI Aero in face of cuts

Apr 24, 2013 | 05:51 PM | Frank Haflich

Tags  CPI Aerostructures, aerospace, Spirit AeroSystems, non-military business, sequestration, Edward Fred, Vincent Palazzolo, aircraft programs Gulfstream

LOS ANGELES — CPI Aerostructures Inc. has extended a business jet manufacturing deal as it looks to build non-military business in the midst of federal budget sequestration.

Edgewood, N.J.-based CPI has reached an agreement with first-tier aerospace contractor Spirit AeroSystems Inc., Wichita, Kan., that will extend its contract for manufacturing wing leading edge assemblies for a business jet aircraft through 2019. The contract, originally signed in 2008, had been due to expire at the end of this year.

CPI, citing confidentiality restraints, declined to specify the aircraft program, the dollar amount of the contract or the number of units involved.....

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