CPI Aero

CPI Aero is a manufacturer of structural aircraft assemblies for fixed wing aircraft and helicopters in both the commercial and defense markets. Read more

Douglas J. McCrosson's photo - President & CEO of CPI Aero

President & CEO

Douglas J. McCrosson

CEO Approval Rating

92/100

Founded:

1980

Status:

PublicIndependent CompanyNYSECVU

CPI AERO TOP COMPETITORS OR ALTERNATIVES

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Air Industries Group is one of CPI Aero's top competitors. Air Industries Group is a Public company that was founded in Hauppauge, New York in 1979. Air Industries Group is in the Defense field. Air Industries Group has 130 fewer employees vs. CPI Aero.

LMI Aerospace is perceived as one of CPI Aero's biggest rivals. LMI Aerospace was founded in 1948 in Saint Charles, Missouri. LMI Aerospace operates in the Industrial Machinery & Equipment industry. LMI Aerospace generates $255.1M more revenue than CPI Aero.

Ducommun is a top competitor of CPI Aero. Ducommun's headquarters is in Santa Ana, California, and was founded in 1849. Ducommun competes in the Defense field. Ducommun generates 717% of CPI Aero's revenue.

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CPI Aero Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$87.6M

CPI Aero's revenue is the ranked 14th among it's top 10 competitors. The top 10 competitors average 4.3B. Over the last four quarters, CPI Aero's revenue has grown by 50.7%. Specifically, in Q4 2020's revenue was $25.4M; in Q3 2020, it was $25.6M; in Q2 2020, it was $19.7M; in Q1 2020, CPI Aero's revenue was $16.9M.

CPI Aero Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION

-

Welding Metallurgy, Inc, Air Industries Group

Oct 2018

Source »
undisclosed
-

These are all the companies that CPI Aero has acquired. CPI Aero's latest acquisition was Welding Metallurgy, Inc, Air Industries Group in Oct 2018.

CPI Aero Funding History

Since CPI Aero was founded in 1980, it has participated in 2 rounds of funding. In total CPI Aero has raised $8.8M. CPI Aero's last funding round was on Apr 2020 for a total of $4.8M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Debt - PPP (CARES Act)
Apr 2020
$4.8M

BNB Bank

IPO
Jul 1992
$4M

Since CPI Aero was founded in 1980, it has participated in 2 rounds of funding. In total CPI Aero has raised $8.8M. CPI Aero's last funding round was on Apr 2020 for a total of $4.8M

CPI Aero Investments

No recent investments found related to CPI Aero

These are all the companies that CPI Aero has invested in. CPI Aero's latest investment was Welding Metallurgy, Inc, Air Industries Group in Oct 2018.

CPI Aero News

June 1, 2021MarketScreener

Receives Notice from NYSE American Regarding Late Filing of Quarterly Report on Form 10-Q (Form 8-K)

(marketscreener.com) CPI Aerostructures, Inc. Receives Notice from NYSE American Regarding Late Filin... See more »
May 19, 2021Benzinga

CPI Aerostructures Signs New Long-Term Agreement With Sikorsky Valued at $17.2 Million

EDGEWOOD, N.Y., May 20, 2021 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. ("CPI Aero®") (NYSE:CVU) an... See more »
May 18, 2021MarketScreener

TO AMENDED AND RESTATED CREDIT AGREEMENT (Form 8-K)

(marketscreener.com) TO AMENDED AND RESTATED CREDIT AGREEMENT CONSENT, WAIVER AND SEVENTH AMENDMENT T... See more »
April 27, 2021Benzinga

CPI Aero Receives $4.4 Million Purchase Order From U.S. Air Force for T-38 Aircraft Modification Kits

EDGEWOOD, N.Y., April 27, 2021 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (CPI Aero®) (NYSE:CVU) to... See more »
April 16, 2021MarketScreener

CPI Aerostructures Reports Fourth Quarter 2020 Results

(marketscreener.com) Fourth Quarter 2020 vs. Fourth Quarter 2019 Revenue of $25.4 million compared to... See more »
April 16, 2021MarketScreener

Current Report (SEC Filing - 8-K)

(marketscreener.com) CPI Aerostructures, Inc. 8-K Exhibit 99.1 CPI AEROSTRUCTURES REPORTS FOURTH QUAR... See more »
April 16, 2021Markets Insider

CPI Aerostructures Turns To Profit In Q4; Sees Growth In FY21 Results

(RTTNews) - CPI Aerostructures, Inc. (CVU) reported Friday that its fourth-quarter net income was $1.... See more »

CPI Aero Press Releases

January 8, 2021GlobalNewswire

CPI Aerostructures Awarded Contract From Raytheon Missiles & Defense

EDGEWOOD, N.Y., Jan. 08, 2021 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. ("CPI Aero") (NYSE America... See more »
October 21, 2020GlobeNewswire

CPI Aerostructures Receives Orders Totaling $1.4M From Turkish Aerospace Industries

EDGEWOOD, N.Y. , Oct. 21, 2020 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. ("CPI Aero®") (the "Compa... See more »
April 23, 2020GlobeNewswire

Raytheon Technologies Recognizes CPI Aerostructures With 2020 Premier Supplier Excellence Award

EDGEWOOD, N.Y., April 23, 2020 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. ("CPI Aero®") (NYSE Ameri... See more »
March 30, 2020GlobeNewswire

CPI AERO RECEIVES $5.6 MILLION PURCHASE ORDER FROM U.S. AIR FORCE FOR T-38 AIRCRAFT MODIFICATION KITS

Increases Funded Orders Under Previously Awarded Multi-year Contract to $13.8 millionIncreases Funded... See more »
March 24, 2020GlobeNewswire

CPI AEROSTRUCTURES IS DEEMED EXEMPT FROM NEW YORK STATE 'WORK FROM HOME' MANDATE

Department of Defense Declares Defense Contractors 'Critical Infrastructure'... See more »
February 26, 2020LD Micro

CPI Aero Receives $4.5 Million Purchase Order From U.S. Air Force for T-38 Aircraft Modification Kits

Read this press release and other recent news about CPI Aerostructures Inc. (CVU) at ldmicro.com... See more »

Social Media

CPI Aero Headquarters

91 Heartland Blvd

Edgewood, New York11717

1-631-586-5200

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CPI Aero Summary

ABOUT

Overview

CPI Aero is a manufacturer of structural aircraft assemblies for fixed wing aircraft and helicopters in both the commercial and defense markets. CPI Aero was founded in 1980. CPI Aero's headquarters is located in Edgewood, New York, USA 11717. It has ...

CEO

CPI Aero's President & CEO, Douglas J. McCrosson, currently has an approval rating of 92%. CPI Aero's primary competitors are Air Industries Group, LMI Aerospace & Ducommun.

Frequently Asked Questions about CPI Aero

  1. When was CPI Aero founded?

    CPI Aero was founded in 1980
  2. Who is CPI Aero's CEO?

    CPI Aero's CEO is Douglas J. McCrosson
  3. How much revenue does CPI Aero generate?

    CPI Aero generates $87.6M in revenue
  4. How much funding does CPI Aero have?

    CPI Aero has historically raised $8.8M in funding
  1. Where is CPI Aero's headquarters?

    CPI Aero's headquarters is in Edgewood New York, USA
  2. How many employees does CPI Aero have?

    CPI Aero has 281 employees
  3. What sector does CPI Aero operate in?

    CPI Aero is in Defense
  4. Who are CPI Aero's competitors?

    CPI Aero's top competitors are Air Industries Group, LMI Aerospace, Ducommun