CPI Aerostructures, Inc. ("CPI Aero®" or the "Company") (NYSE:CVU) announced that it has received multiple purchase orders totaling $8.3 million under a previously announced Indefinite Delivery/Indefinite Quantity (IDIQ) contract from the U.S. Air Force to provide structural modification kits, program management, logistics, and other sustainment services in support of Phase 3 of the T-38C Pacer Classic III Fuselage Structural Modification Kit Integration program ("PCIII") and the Talon Repair Inspection and Maintenance ("TRIM") program.
With these latest awards, the total funded value of the contract has increased to $69 million, supporting kit deliveries throughout the current funded period of performance, which extends through 2028.
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