Powered by

CPI Aerostructures reports lower revenue, higher profit

CPI Aerostructures Inc. Tuesday reported lower fourth-quarter revenue, but a higher profit, as the year-earlier figures were depressed by a charge related to a discontinued program for the A-10 Warthog jet.

The Edgewood manufacturer of structural assemblies for fixed-wing aircraft, helicopters and airborne surveillance pod systems posted revenue of $24.3 million for the quarter ended Dec. 31 versus $31.6 million in the year-earlier period.

Net income was $2.1 million, or 24 cents per

Sign up for unrestricted access to 200+ subscription services.
Already have an account? Click here to login.

RelSci News & Alerts gets you:

  • 5 free articles a month from top subscription outlets like the Financial Times, New York Times, and Washington Post
  • Competitive business intelligence through daily data updates
  • Custom feeds on target high-value individuals, companies, industries, and topics delivered straight to your inbox