Wednesday, October 04, 2006
CPI Aerostructures (CVU) is on a roll
...awarded a $4.4 million contract to provide Sikorsky Aircraft ("Sikorsky") with Hover Infra Red Reduction System (HIRRS) module assemblies for use as spares on the UH-60 BLACK HAWK helicopter. This contract covers Sikorsky's anticipated spares requirements through 2007. There are two HIRRS assemblies used on each helicopter, and there are more than 1,000 UH-60 BLACK HAWK helicopters currently using this HIRRS configuration.
When you add that onto this and this and this and this, it seems that things are picking up for CVU (finally!).
With this award, year-to-date contract awards total $21.1 million, which is 27% more than new contract awards for all of 2005.
UPDATE Oct 5, 2006:
I just want to clarify that I'm not associated with Pink Sheets® LLC. They're a very old (1904) information services company that, in my opinion, is currently doing a lot of really great things lately. They're working hard to improve the quality and value of what they provide to issuers (i.e. public companies), broker/dealers, and investors.