Jun 10 2010
CPI Aerostructures, Inc. (“CPI Aero®”) (NYSE Amex: CVU) announced today that it has received a contract from Sikorsky Aerospace Services valued at approximately $708,000 to provide rotary wing head ring assemblies for the MH-53 and CH-53 variant helicopters. Sikorsky Aerospace Services is the worldwide aftermarket division of Sikorsky Aircraft Corp., a subsidiary of United Technologies Corp. (NYSE: UTX).
The ring assembly connects the fairing to the helicopter’s main rotor hub. Delivery of these assemblies will begin in late 2010. The MH-53 and CH-53 helicopters are used for a variety of purposes including long-range search and rescue missions, long-range minesweeping or Airborne Mine Countermeasures (AMCM) missions and heavy lifting.
Edward J. Fred, CPI Aero’s President & CEO stated, “We are pleased with this award for many reasons. We have not performed MH-53 or CH-53 helicopter work before and we will gain experience on new platforms. In addition, this is the first award we have obtained from Sikorsky Aerospace Services, the aftermarket arm of Sikorsky.”
Source: http://www.cpiaero.com/