CPI Aero bags F-16V structural assemblies contract from Lockheed Martin

TAGS

CPI Aerostructures () has won a $2.7 million order from for manufacturing structural assemblies for the .

The order funds additional numbers of Rudder Island and Drag Chute Canister (RI/DCC) assemblies for the advanced fourth generation fighter.

According to CPI Aero, RI/DCC is a large structural sub-assembly which is installed on the tail part of the aircraft.

See also  Relation Insurance Services acquires Adams Insurance Agency in Maryland

CPI Aero said that the order takes the total funding authorized so far on the multi-year contract from Lockheed Martin to $20.6 million.

CPI Aero wins contract from Lockheed Martin to manufacture F-16V structural assemblies

CPI Aero wins contract from Lockheed Martin to manufacture F-16V structural assemblies. Photo courtesy of Coolcaesar at en.wikipedia.

Deliveries on the follow-on order are likely to commence during Q4 2023 and continue up to mid-2024, said the American manufacturer of structural assemblies for fixed wing aircraft.

See also  Texas-based bank holding firms Allegiance Bancshares and CBTX to merge

— CPI Aero CEO and President said: “CPI Aero is proud to be part of the F-16 Program. There are over 25 Allied Partner Nation operating the F-16, and Lockheed Martin and the USAF continue to see interest in the F-16V from countries looking to operate it for the first time.

See also  Axar Capital Management acquires Pavonia Life Insurance Company

“We are excited to see Lockheed Martin demonstrate, with these additional orders, its continued confidence in CPI Aero to manufacture new structural assemblies that meet or exceed its exacting standards.”


Discover more from Business-News-Today.com

Subscribe to get the latest posts sent to your email.

CATEGORIES
TAGS
Share This