CPI Aerostructures announced a single‑source, firm‑fixed‑price order from Raytheon Missiles & Defense to manufacture structural missile wing assemblies for an undisclosed platform, with deliveries scheduled to begin in 2026.
The contract adds to CPI’s defense‑heavy backlog, which was $516 million as of the first quarter of 2025. In that quarter the company reported revenue of $15.4 million, down from $19.1 million in the same period a year earlier, and a net loss of $1.3 million versus a net income of $0.2 million in Q1 2024.
CPI’s Q1 2025 results were impacted by a $2.1 million pre‑tax loss on the A‑10 program, reflecting higher manufacturing costs on a 2019 fixed‑price contract. The loss contributed to the overall decline in revenue and the net loss for the quarter.
The new Raytheon order represents a strategic diversification into missile, target, drone, and autonomous systems—markets the company identifies as growth areas. It reinforces CPI’s position as a key supplier to a major defense contractor and aligns with its broader transition from legacy programs to future‑focused opportunities.
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