CPI Aerostructures’ net income falls
Nov 05, 2013 | 05:55 PM
| Frank Haflich
LOS ANGELES CPI Aerostructures Inc.s third-quarter net income fell 31.6 percent as adjustments on some of the companys major programs continued to pressure profit margins.
CPIs gross revenue, as in the second quarter, continued to be "affected by adjustments to our long-term programs" with Wichita, Kan.-based Spirit AeroSystems Holdings Inc., Falls Church, Va.-based Northrop Grumman Corp. and Chicagos Boeing Co., president and chief executive officer Edward J. Fred said.....
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