1st pod delivery for Northrop Grumman’s EMD Phase of Program with KAI

EDGEWOOD, N.Y., April 07, 2025 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®” or the “Company”) (NYSE American: CVU) announced today that they completed production and delivery of an Airborne Laser Mine Detection System (ALMDS) pod structure for Northrop Grumman. The pod supports a contract awarded to Northrop Grumman in February 2023 by Korea Aerospace Industries, Ltd. (KAI), aiming to deliver ALMDS solutions and technical assistance for the Engineering, Manufacturing, and Design (EMD) phase of the Republic of Korea’s Mine Countermeasures Helicopter (KMCH) program. The EMD phase is expected to be completed in 2027. There is also the potential for a follow-on order for Low-Rate Production of eight pods worth approximately $3 million.

The mission of ALMDS is to rapidly detect, classify and localize floating and near-surface moored mines. ALMDS is capable of untethered day or night operations, which allows it to attain high area search rates. ALMDS also provides accurate target geo-location to support follow-on neutralization of detected mines. Northrop Grumman’s self-contained design allows ALMDS to be installed on several aircraft types. “CPI Aero has delivered 28 ALMDS Pod structures to Northrop Grumman – 24 for the U.S. Navy and 4 for the Japanese Maritime Self Defense Force, dating back to 2007,” said Dorith Hakim, president and CEO of CPI Aero. “This program is further demonstration of CPI Aero’s expertise in manufacturing airborne pods in support of multiple Tier 1 customers for multiple mission areas, including Electronic Warfare (EW) and Intelligence Surveillance and Reconnaissance (ISR).”

About CPI Aero  
CPI Aero is a U.S. manufacturer of structural assemblies for fixed wing aircraft, helicopters and airborne Intelligence Surveillance and Reconnaissance pod systems in both the commercial aerospace and national security markets. Within the global aerostructure supply chain, CPI Aero is either a Tier 1 supplier to aircraft OEMs or a Tier 2 subcontractor to major Tier 1 manufacturers. CPI also is a prime contractor to the U.S. Department of Defense, primarily the Air Force. In conjunction with its assembly operations, CPI Aero provides engineering, program management, supply chain management, and MRO services.

Forward-looking Statements 
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CPI Aero® is a registered trademark of CPI Aerostructures, Inc. For more information, visit www.cpiaero.com, and follow us on Twitter @CPIAERO.