CPI Aerostructures lands record orders in qtr.

Jan 08, 2014 | 10:59 AM | Frank Haflich

Tags  CPI Aerostructures, aerospace, sequester, Edward Fred, new aircraft orders, Boeing, Northrop Grumman, Frank Haflich

LOS ANGELES — CPI Aerostructures Inc. secured a record number of new orders in the fourth quarter, aided by easing federal budget sequestration pressures, the company said.

The Edgewood, N.Y.-based aerospace manufacturer posted $39 million in new awards in the quarter, most of which were follow-on orders for its work on Chicago-based Boeing Co.’s A-10 Thunderbolt attack aircraft and Falls Church, Va.-based Northrop Grumman Corp.’s E-2 Hawkeye surveillance aircraft.....

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