CPI Aerostructures, Inc. (NYSE American: CVU) announced that Robert Mannix will serve as its new Chief Financial Officer, effective immediately. The appointment replaces interim CFO Pamela Levesque, who will remain on the company’s Board of Directors.
Mannix brings more than 30 years of experience in financial operations at publicly traded companies. His career includes senior roles at West Technology Group, Verint Systems, Motorola, and Ernst & Young, where he developed expertise in accounting, audit, treasury, tax and financial planning and analysis. His background positions him to strengthen CPI Aerostructures’ financial discipline and reporting capabilities.
CPI Aerostructures operates as a prime contractor to the U.S. Department of Defense and a Tier 1 subcontractor to major aerospace and defense firms. The CFO appointment is part of the company’s strategy to solidify its financial leadership as it pursues growth initiatives in a defense‑centric business model.
The company’s most recent quarterly results showed revenue of $19.3 million for Q3 2025, slightly down from $19.4 million in the same quarter a year earlier, while net income rose to $1.1 million from $0.7 million. Over the first nine months of 2025, revenue fell to $49.8 million from $59.3 million, and the company posted a net loss of $1.5 million versus a $2.3 million profit in the prior year’s nine‑month period. The decline was largely driven by the termination of the Boeing A‑10 program, which had been a significant revenue source.
CPI Aerostructures has recently secured new contracts that signal continued demand for its capabilities. A Raytheon order for components of the Next Generation Jammer Mid‑Band (NGJ‑MB) program is valued at up to $42.3 million, with initial funding of $21.1 million and deliveries slated to begin in 2027. The company also received an order from Raytheon to manufacture structural missile wing assemblies for an undisclosed platform, with deliveries starting in 2026.
President and CEO Dorith Hakim said the appointment “brings seasoned leadership to our Finance Team and proven management of financial operations, while augmenting CPI Aero’s experienced leadership team. We look forward to his contributions to ensuring CPI Aero has best‑in‑class financial operations and disciplines.” She also thanked Pamela Levesque for her interim service.
The new CFO’s extensive experience is expected to enhance CPI Aerostructures’ financial discipline, support cost control, and improve reporting accuracy, all of which are critical as the company navigates the complexities of defense contracting and seeks to capitalize on new contract opportunities. The appointment signals management’s commitment to strengthening the financial foundation needed to support future growth initiatives.
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