Business UpdateJul 7, 2026, 08:31 AM
CPI Aerostructures Secures $8.3M Air Force Orders; Contract Value $69M
AI Summary
CPI Aerostructures, Inc. announced it received multiple purchase orders totaling $8.3 million from the U.S. Air Force. These orders fall under a previously announced Indefinite Delivery/Indefinite Quantity (IDIQ) contract for structural modification kits and sustainment services for the T-38C Pacer Classic III and TRIM programs. With these new awards, the total funded value of the contract has increased to $69 million, with deliveries scheduled through 2028. The programs are crucial for extending the operational life of the T-38 fleet into the 2030s.
Key Highlights
- Received multiple purchase orders totaling $8.3 million from the U.S. Air Force.
- Total funded value of the IDIQ contract increased to $69 million.
- Orders support T-38C Pacer Classic III and TRIM programs.
- Deliveries for structural modification kits and services extend through 2028.
- Programs aim to extend T-38 fleet operational life into the 2030s.
- Company's total backlog is $495 million.
Price Impact
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