June 10, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — CPI Aerostructures, Inc. (AMEX: CVU) said that it has received a new award valued at $967,108 from the Boeing Defense, Space & Security unit of The Boeing Co. (NYSE: BA) for spare main landing gear door assemblies for the A-10 aircraft. The award represents the first spares order for a product that CPI Aero is currently manufacturing for Boeing under CPI Aero’s previously agreed long-term requirements contract to support Boeing's A-10 wing replacement program. The A-10 WRP contract between Boeing and CPI Aero is worth up to around $81 million for the production of a variety of structural assemblies for up to 242 enhanced wings. To date, CPI Aero said it has received $15.6 million of orders for the A-10 WRP program.

New York-based CPI Aero is engaged in the contract production of structural and other aircraft parts for leading prime defense contractors, the U.S. Air Force, and other branches of the armed forces.

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