Northrop Grumman has awarded CPI Aerostructures a potential $6.75 million subcontract to provide pod structural housings in support of Northrop’s contract with the U.S. Navy for production of the Airborne Laser Mine Detection System. CPI Aero said Tuesday it will begin delivery of the ALMDS pod structural housings early next year and extend through 2021, if all options are exercised. The company […] More

CPI Aerostructures Inc., today announced that Terry Stinson will be brought onto CPI’s Board of Directors to serve a three-year term. With over 45 years of leadership in the aerospace and defense industry under his belt, Stinson has played a number of executive roles with companies including AAR Corp., Textron Aerospace, Triumph Group Inc., and his […] More

Douglas J. McCrosson has been appointed as the new president and chief executive officer of CPI Aerostructures Inc., effective March 6. McCrosson, who was also appointed to the company’s board of directors, will replace Edward J. Fred who resigned for personal reasons, the company announced Thursday. Since joining CPI Aeros in 2003, McCrosson has served […] More

Evercore, a New York-based global independent investment banking advisory firm, has released a monthly update highlighting previous and ongoing transactions it has supported in the aerospace, defense and government services markets. According to the report, a copy of which was received by Executive Mosaic, Evercore advised several aerospace and defense clients on mergers and acquisitions, including Aerojet Rocketdyne on its $4.7 billion sale to L3Harris Technologies.

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Northrop Grumman has ordered $86.1 million in outer wing panel kits from CPI Aerostructures for Northrop-built Hawkeye and Greyhound aircraft. Northrop will use the kits to build wings for the E-2D Advanced Hawkeye and the C-2A Greyhound planes under a contract the company holds with the U.S. Navy, CPI said Monday. Twenty-five E-2D Hawkeyes are due to the Navy by […] More

Northrop Grumman has been awarded a contract of an undisclosed value to produce five more AN/AES-1 Airborne Laser Mine Detection Systems for installation on the U.S. Navy‘s MH-60 helicopters. The company said Monday it will also provide subsystems, equipment and spares and technical support for the ALMDS mine countermeasure pods. AN/AES-1 systems are designed with pulsed […] More