EDGEWOOD, N.Y., May 26, 2026 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®” or the “Compa...








    




            







    
        
            May 26, 2026 08:30 ET
        

        
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                CPI Aerostructures, Inc.
            
                

        
    

    

    

    





        
EDGEWOOD, N.Y., May  26, 2026  (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®” or the “Company”) (NYSE American: CVU) announced that its wholly owned subsidiary, Welding Metallurgy, Inc. (WMI) has reached an Agreement with Northrop Grumman Corporation (NYSE:NOC) and has been awarded follow-on orders for welded structure assemblies for the E-2D Advanced Hawkeye (E-2D) aircraft. Under the terms of these new orders, WMI will manufacture more than 20 different complex welded assemblies in support of the production of E-2D aircraft with deliveries through 2028.  “CPI Aero is proud to supply complex welded assemblies to Northrop Grumman under our NADCAP certification for fusion and resistance welding. We are currently approved to several Aerospace and Defense OEM weld specifications for multiple metals such as steel, aluminum, and titanium. These Northrop Grumman orders are a testimony of our capabilities and continue our long history of providing welded assemblies and kitting services in support of the E-2D Advanced Hawkeye program,” stated Dorith Hakim, President and CEO of CPI Aero.  The Northrop Grumman E-2D Advanced Hawkeye is an airborne early warning command and control aircraft that seamlessly networks land, sea and air assets, providing unmatched real-time situational awareness for U.S. and allied forces.​  About CPI Aero   CPI Aero is a prime contractor to the U.S. Department of Defense as well as a Tier 1 subcontractor to some of the largest aerospace and defense contractors in the world. CPI Aero provides engineering, program management, supply chain management, assembly operations and MRO services to this global network of customers. CPI Aero is recognized as a leader within the international aerospace market in such areas as aircraft structural assemblies, military advanced tactical pod structures, engine air inlets, and complex welded products.  Our OEM customers in the defense sector include (i) Lockheed Martin Corporation and Sikorsky Aircraft, for the F-16 Fighting Falcon, the UH-60 BLACK HAWK©, the MH-60 Seahawk, the CH-53E and the CH-53K King Stallion; (ii) RTX Corporation, formerly Raytheon, for the ALQ-249 Next Generation Jammer Mid-Band Pod for the EA-18G Growlers, the Advanced Tactical Pods, the MS-110 & TacSAR Reconnaissance Airborne Pods, Hypersonic Missile Wings, and B-52 Radar Modernization; (iii) L3Harris for the Next Generation Jammer Low-Band Pod for the EA-18G Growlers; (iv) Collins Aerospace, for RF Enclosures; (v) Northrop Grumman Corporation, for the E-2D Advanced Hawkeye, the Airborne Laser Mine Detection Pod, welded tubes, aerial refueling probes, and welded fluid tanks; and (vi) the DOD/USAF and the Defense Logistics Agency for the T-38 Pacer Classic and T-38 Talon. Our OEM customers in the civil aviation market include Embraer S.A. for the Phenom 300 and Phenom 100.  Our funded backlog of remaining performance obligations exceeds $95 million and the unfunded backlog of future orders for the expected duration of existing programs is $400 million. Our total backlog is $495 million.  Forward-looking Statements   This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included or incorporated in this press release are forward-looking statements. Forward-looking statements include statements regarding deliveries through 2028 and backlog. The Company does not guarantee that it will actually achieve the plans, intentions or expectations disclosed in its forward-looking statements and you should not place undue reliance on the Company’s forward-looking statements.  Forward-looking statements involve risks and uncertainties, and actual results could vary materially from those indicated or implied by these forward-looking statements. There are a number of important factors that could cause the Company’s actual results to differ materially from those indicated or implied by its forward-looking statements, including those important factors set forth under the caption “Risk Factors” in the Company’s Annual Report on Form 10-K for the period ended December 31, 2025 filed with the Securities and Exchange Commission. Although the Company may elect to do so at some point in the future, the Company does not assume any obligation to update any forward-looking statements and disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.   CPI Aero® is a registered trademark of CPI Aerostructures, Inc. For more information, visit www.cpiaero.com, and follow us on X @CPIAERO. Contacts: Investor Relations Counsel    CPI Aerostructures, Inc.Alliance Advisors IR  Robert MannixJody Burfening  Chief Financial Officer(212) 838-3777    (631) 586-5200cpiaero@allianceadvisors.com   rmannix@cpiaero.com www.cpiaero.com NAVAIR Public Release SPR-2026-0204Approved for Public Release, Distribution is Unlimited; NG26-0105© 2026 Northrop Grumman Systems Corporation  
            

CPI Aerostructures is Awarded Follow-on Contract from Northrop Grumman for Welded Assemblies for E-2D Advanced Hawkeye

CPI Aero wins Northrop Grumman E-2D orders, backlog rises to $495M through 2028

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>EDGEWOOD, N.Y., May 26, 2026 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®” or the “Compa...</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>CPI Aero&#039;s Welding Metallurgy wins follow-on E-2D orders from Northrop Grumman, extending deliveries through 2028. The expanded backlog, totaling $495 million (funded &gt;$95 million; unfunded $400 million), improves revenue visibility and demonstrates the company&#039;s NADCAP welding capabilities. This could positively influence CVU&#039;s near-term earnings trajectory and multi-year defense exposure.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>WMI wins follow-on orders from Northrop Grumman for E-2D welded assemblies.</li><li>Deliveries through 2028; NADCAP certified for fusion/resistance welding.</li><li>Backlog up to $495M; funded &gt;$95M; unfunded $400M.</li><li>Northrop Grumman orders boost CVU defense exposure and revenue visibility.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Northrop Grumman Corporation (NOC)</strong>: Primary customer for E-2D welded structures; likely a stable backlog driver.</li><li><strong>CPI Aerostructures, Inc. (CVU)</strong>: Issuer of the press release; backlog growth and new orders.</li><li><strong>RTX Corporation (RTX)</strong>: Listed as a major defense OEM customer; potential broader impact from CVU capabilities.</li><li><strong>L3Harris Technologies (LHX)</strong>: Customer for Next Generation Jammer pods; defense exposure could support backlog.</li><li><strong>Lockheed Martin (LMT)</strong>: OEM for multiple programs; potential upside from expanded supplier network.</li><li><strong>Embraer S.A. (ERJ)</strong>: Civil aviation exposure; diversification beyond defense.</li></ul>
  </section>

  <section data-block="category">
    <h3>Industry News</h3>
    <p>Category: Industry News. The release details a defense contract win and backlog growth, highlighting CVU&#039;s role in critical aerospace supply chains and NADCAP-capable welding, which fits industry-news dynamics around defense funding and supplier relationships.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Backlog expands to $495 million, aiding revenue visibility.</li><li>Deliveries extend through 2028, providing multi-year revenue runway.</li><li>NADCAP welding certification enhances qualification with defense OEMs.</li><li>Northrop Grumman remains an anchor customer for the E-2D program.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>WMI awarded follow-on orders for E-2D welded structures.</li><li>Deliveries planned through 2028.</li><li>Funded backlog &gt; $95 million; unfunded backlog $400 million; total backlog $495 million.</li><li>NADCAP certification for fusion and resistance welding.</li><li>May 26, 2026: Public release date.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Bullish over the next 12–24 months as backlog growth supports revenue visibility and defense exposure.</p>
  </section>
</section>


<article>
  <header>
    <h1>CPI Aerostructures is Awarded Follow-on Contract from Northrop Grumman for Welded Assemblies for E-2D Advanced Hawkeye</h1>
  </header>

  <section>
    <p>May 26, 2026 – EDGEWOOD, N.Y. CPI Aerostructures, Inc. (NYSE American: <strong>CVU</strong>) announced that its wholly owned subsidiary, Welding Metallurgy, Inc. (WMI), has reached an Agreement with Northrop Grumman Corporation and has been awarded follow-on orders for welded structure assemblies for the E-2D Advanced Hawkeye (E-2D) aircraft. Under the terms of these new orders, WMI will manufacture more than 20 different complex welded assemblies in support of the production of E-2D aircraft with deliveries through 2028.</p>
    <p>CVU stated that the follow-on awards reinforce its NADCAP certification for fusion and resistance welding and its capability to weld multiple metals, including steel, aluminum and titanium. This marks a continued expansion of CPI Aero’s role as a supplier to Northrop Grumman and support for the E-2D program.</p>
  </section>

  <section id="quote">
    <blockquote>“CPI Aero is proud to supply complex welded assemblies to Northrop Grumman under our NADCAP certification for fusion and resistance welding. We are currently approved to several Aerospace and Defense OEM weld specifications for multiple metals such as steel, aluminum, and titanium. These Northrop Grumman orders are a testimony of our capabilities and continue our long history of providing welded assemblies and kitting services in support of the E-2D Advanced Hawkeye program,” stated Dorith Hakim, President and CEO of CPI Aero.</blockquote>
    <p>The Northrop Grumman E-2D Advanced Hawkeye is an airborne early warning command and control aircraft that seamlessly networks land, sea and air assets, providing unmatched real-time situational awareness for U.S. and allied forces.</p>
  </section>

  <section id="key-facts">
    <h2>Key facts at a glance</h2>
    <ul>
      <li>Stock symbol referenced: <strong>CVU</strong></li>
      <li>Program: E-2D Advanced Hawkeye</li>
      <li>Customer: Northrop Grumman Corporation</li>
      <li>Scope: follow-on orders for welded structure assemblies</li>
      <li>Deliveries through: <strong>2028</strong></li>
      <li>Facilities: Welding Metallurgy, Inc. (WMI)</li>
      <li>Certification: NADCAP for fusion and resistance welding</li>
    </ul>
  </section>

  <section id="backlog-details">
    <h2>Backlog and program scope</h2>
    <p>Our funded backlog of remaining performance obligations exceeds <strong>$95 million</strong> and the unfunded backlog of future orders for the expected duration of existing programs is <strong>$400 million</strong>. Our total backlog is <strong>$495 million</strong>.</p>
  </section>

  <section id="about-cpi-aero">
    <h2>About CPI Aero</h2>
    <p>CPI Aero is a prime contractor to the U.S. Department of Defense as well as a Tier 1 subcontractor to some of the largest aerospace and defense contractors in the world. CPI Aero provides engineering, program management, supply chain management, assembly operations and MRO services to this global network of customers. CPI Aero is recognized as a leader within the international aerospace market in such areas as aircraft structural assemblies, military advanced tactical pod structures, engine air inlets, and complex welded products.</p>
    <p>Our OEM customers in the defense sector include (i) Lockheed Martin Corporation and Sikorsky Aircraft, for the F-16 Fighting Falcon, the UH-60 BLACK HAWK©, the MH-60 Seahawk, the CH-53E and the CH-53K King Stallion; (ii) RTX Corporation, formerly Raytheon, for the ALQ-249 Next Generation Jammer Mid-Band Pod for the EA-18G Growlers, the Advanced Tactical Pods, the MS-110 & TacSAR Reconnaissance Airborne Pods, Hypersonic Missile Wings, and B-52 Radar Modernization; (iii) L3Harris for the Next Generation Jammer Low-Band Pod for the EA-18G Growlers; (iv) Collins Aerospace, for RF Enclosures; (v) Northrop Grumman Corporation, for the E-2D Advanced Hawkeye, the Airborne Laser Mine Detection Pod, welded tubes, aerial refueling probes, and welded fluid tanks; and (vi) the DOD/USAF and the Defense Logistics Agency for the T-38 Pacer Classic and T-38 Talon. Our OEM customers in the civil aviation market include Embraer S.A. for the Phenom 300 and Phenom 100.</p>
  </section>

  <section id="pipeline-context">
    <h2>Strategic context and pipeline</h2>
    <p>Our funded backlog and unfunded orders reflect CPI Aero’s ongoing program participation with major defense and commercial partners. This positions CVU as a key supplier within the aerospace supply chain, supporting continued production and maintenance of critical platforms for U.S. and allied forces.</p>
  </section>

  <section id="forward-looking-statements">
    <h2>Forward-looking statements and risk disclosures</h2>
    <p>Forward-looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included or incorporated in this press release are forward-looking statements. Forward-looking statements include statements regarding deliveries through 2028 and backlog. The Company does not guarantee that it will actually achieve the plans, intentions or expectations disclosed in its forward-looking statements and you should not place undue reliance on the Company’s forward-looking statements.  Forward-looking statements involve risks and uncertainties, and actual results could vary materially from those indicated or implied by these forward-looking statements. There are a number of important factors that could cause the Company’s actual results to differ materially from those indicated or implied by its forward-looking statements, including those important factors set forth under the caption “Risk Factors” in the Company’s Annual Report on Form 10-K for the period ended December 31, 2025 filed with the Securities and Exchange Commission. Although the Company may elect to do so at some point in the future, the Company does not assume any obligation to update any forward-looking statements and disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.</p>
    <p>CPI Aero® is a registered trademark of CPI Aerostructures, Inc. For more information, visit www.cpiaero.com, and follow us on X @CPIAERO.</p>
  </section>

  <section id="contacts">
    <h2>Contacts</h2>
    <p>Investor Relations Counsel CPI Aerostructures, Inc. Alliance Advisors IR</p>
    <p>Robert Mannix Jody Burfening Chief Financial Officer</p>
    <p>(212) 838-3777 • (631) 586-5200 • cpiaero@allianceadvisors.com • rmannix@cpiaero.com • www.cpiaero.com</p>
  </section>

  <section id="navair-release">
    <p>NAVAIR Public Release SPR-2026-0204 Approved for Public Release, Distribution is Unlimited; NG26-0105 © 2026 Northrop Grumman Systems Corporation</p>
  </section>
</article>

CPI Aero's Welding Metallurgy wins follow-on E-2D orders from Northrop Grumman, extending deliveries through 2028. The expanded backlog, totaling $495 million (funded >$95 million; unfunded $400 million), improves revenue visibility and demonstrates the company's NADCAP welding capabilities. This could positively influence CVU's near-term earnings trajectory and multi-year defense exposure.

CPI Aerostructures is Awarded Follow-on Contract from Northrop Grumman for Welded Assemblies for E-2D Advanced Hawkeye

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Industry News

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