SOURCE: CPI Aerostructures, Inc.

CPI Aerostructures, Inc.

September 28, 2015 08:45 ET

CPI Aerostructures Named a Finalist for Aviation Week Program Excellence Award

EDGEWOOD, NY--(Marketwired - Sep 28, 2015) - CPI Aerostructures, Inc. ("CPI Aero®") (NYSE MKT: CVU) today announced that it has been named a finalist for Penton's Aviation Week Program Excellence Award. CPI Aero was recognized for its Phenom 300 engine inlet program it performs for Embraer, the manufacturer of the Phenom 300 executive jet. According to a report by the General Aviation Manufacturers Association (GAMA), the Phenom 300 was the most delivered business jet in the world for the past two years. Embraer, S.A. headquartered in São José dos Campos, Brazil, is the world's largest manufacturer of aircraft up to 130 seats.

Developed in 2004, the Aviation Week Program Excellence Awards were created in response to repeated concerns about the complexity and difficulty associated with managing and leading the aerospace and defense programs that make up the industry's work.

Finalists for the 2015 Aviation Week Program Excellence Awards were selected by a panel of experts in program leadership and performance from industry, government and academia. Penton's Aviation Week panel of experts evaluated 72 original nominations and narrowed down the list to 23 finalists. For the 2015 Program Excellence Awards, all 23 finalists, across 7 categories, exemplified the best in creating value, adapting to complexity, team effectiveness and producing results. CPI Aero is one of three finalists in the Sub-System Production category.

Douglas McCrosson, President and CEO of CPI Aero commented, "The Aviation Week Program Excellence Award is one of our industry's most prestigious awards and we are honored to be named a finalist. We are especially proud to be just one of two small businesses and the only non-defense program to reach the finals. I'd like to commend Embraer's commitment to its supply chain partners and for creating the culture of cooperation and teamwork that placed CPI Aero in the best position to succeed on this assembly program."

Awards will be presented to finalists and winners on November 4, 2015 in Scottsdale, AZ, during the annual Aerospace/Defense Supply Chain Conference, jointly produced by the Aviation Week Network and SpeedNews.

About Penton's Aviation Week Network
Penton's Aviation Week Network is the largest multimedia information and services provider for the global aviation, aerospace and defense industries that has a database of 1.2 million professionals around the world. Industry professionals rely on Aviation Week for analysis, marketing and intelligence. Customers include the world's leading manufacturers, suppliers, airlines, business aviation operators, militaries, governments and other organizations that serve this global market. The product portfolio includes Aviation Week & Space Technology, AC-U-KWIK, Aircraft Blue Book, Airportdata.com, Air Charter Guide, Air Transport World, AviationWeek.com, Aviation Week Intelligence Network, Business & Commercial Aviation, ShowNews, SpeedNews, Fleet and MRO forecasts, global maintenance, repair and overhaul (MRO) tradeshows and aerospace & defense conferences.

About Penton
Penton is an innovative information services company that empowers nearly 20 million business decision makers in markets that drive more than 12 trillion dollars in purchases each year. Our products inform with rich industry insights and workflow tools; engage through dynamic events, education and networking; and advance business with powerful marketing services programs. Penton is the way smart businesses buy, sell and grow. Headquartered in New York, Penton is privately owned by MidOcean Partners and Wasserstein & Co., LP. For more information, visit http://www.penton.com or follow us on Twitter @PentonNow.

About CPI Aero
CPI Aero is a U.S. manufacturer of structural assemblies for fixed wing aircraft, helicopters and airborne Intelligence Surveillance and Reconnaissance (ISR) pod systems in both the commercial aerospace and national security markets. Within the global aerostructure supply chain, CPI Aero is either a Tier 1 supplier to aircraft original equipment manufacturers or a Tier 2 subcontractor to major Tier 1 manufacturers. CPI also is a prime contractor to the U.S. Department of Defense, primarily the Air Force. In conjunction with its assembly operations, CPI Aero provides engineering, program management, supply chain management, and MRO services. Among the key national security programs that CPI Aero supplies are the E-2D Advanced Hawkeye surveillance aircraft, the UH-60 BLACK HAWK® helicopter, the F-16 Falcon fighter, the T-38C Talon trainer, the MH-53/CH-53 variant helicopters, the MH-60S mine countermeasure helicopter, the AH-1Z ZULU attack helicopter, the DB-110 reconnaissance pod, the ALMDS mine detecting pod, and the A-10 Thunderbolt attack jet. In the commercial aviation market CPI Aero manufactures products for the Gulfstream G650 ultra-large cabin business jet, the HondaJet advanced light jet, the Embraer Phenom 300 business jet, the new Cessna Citation X+, and the S-92® helicopter. CPI Aero is included in the Russell Microcap® Index.

The above statements include forward looking statements that involve risks and uncertainties, which are described from time to time in CPI Aero's SEC reports, including CPI Aero's Form 10-K for the year ended December 31, 2014 and Form 10-Q for the quarters ended March 31, 2015 and June 30, 2015.

CPI Aero® is a registered trademark of CPI Aerostructures, Inc.

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