CPI Aerostructures Awarded Lot 5 Production Contract of Next Generation Jammer Mid-Band Program by Raytheon Technologies
MWN-AI** Summary
CPI Aerostructures, Inc. announced a significant contract with Raytheon Technologies to manufacture Pods and the Air Management System (AMS) for the Lot 5 Production phase of the Next Generation Jammer Mid-Band (NGJ-MB) program. The contract, valued at up to $42.3 million, has initial funding of $21.1 million, enabling deliveries to commence in 2027.
The NGJ-MB program is a crucial upgrade for the U.S. Navy, as it aims to replace the older ALQ-99 Tactical Jamming System utilized on the EA-18G Growler aircraft. With the Navy declaring initial operational capability (IOC) for the NGJ-MB in December 2024, the system represents an advancement in capability through its digital, software-driven, and electronically scanned array technologies. Each EA-18G Growler will be equipped with two NGJ-MB Pods, and CPI Aero is set to deliver both the pod structures and associated AMS.
CPI Aero’s president and CEO, Dorith Hakim, expressed pride in being a key supplier to Raytheon, highlighting the importance of this contract as recognition for the company's ability to meet deadlines and expectations. CPI Aero operates as a prime contractor to the U.S. Department of Defense and is recognized for its work in aerospace, particularly in military advanced tactical pod structures, among other areas.
The strategic collaboration underscores CPI Aero's pivotal role in enhancing U.S. military capabilities. The announcement also included forward-looking statements, noting potential risks and uncertainties associated with the company's future performance, emphasizing that actual results may differ from projected outcomes. For more information, CPI Aero invites interested parties to explore their services on their official website and social media channels.
MWN-AI** Analysis
CPI Aerostructures, Inc. (NYSE American: CVU) has secured a significant production order from Raytheon Technologies, valued at up to $42.3 million, for the production of Pods and an Air Management System (AMS) for the Next Generation Jammer Mid-Band (NGJ-MB) program. This contract follows the U.S. Navy's declaration of initial operational capability for the NGJ-MB in December 2024 and underscores CPI Aero's vital role in the innovative defense technology landscape.
For investors, this contract represents a robust endorsement of CPI Aero's operational efficiency and reliability, reinforcing the company's position as a key supplier within the aerospace and defense sector. The initial funding of $21.1 million indicates that the market recognizes the strategic importance of this contract, which is expected to lead to sustained revenue growth as deliveries for Lot 5 commence in 2027.
CPI's established relationship with Raytheon, a major player in the defense industry, highlights the company's capacity to secure ongoing contracts and suggests a potential for future business in the evolving defense technology market. Given the global geopolitical climate, which tends to increase defense spending and investment in advanced systems, CPI Aero stands well-positioned to capitalize on future opportunities in this sector.
However, investors should also consider the inherent risks outlined in the company's forward-looking statements, including potential market volatility, operational challenges, and the broader economic landscape that could impact defense spending. Engaging with these insights is essential for a nuanced understanding of CPI Aero’s growth trajectory.
Overall, CPI Aerostructures represents a compelling prospect for investors seeking exposure to the defense sector, particularly as the demand for advanced military capabilities, such as the NGJ-MB, continues to rise. Careful monitoring of CPI's performance, contract acquisitions, and external factors will be essential for informed investment decisions.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
- Production Order for Pods and Air Management System valued at up to $42.3 Million –
EDGEWOOD, N.Y., Nov. 20, 2025 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®” or the “Company”) (NYSE American: CVU) announced today that Raytheon, an RTX business, authorized CPI Aero to begin manufacturing of Pods and Air Management System (AMS) for the follow-on Lot 5 Production phase of the Next Generation Jammer Mid-Band (NGJ-MB) program. Initial funding is set at $21.1 million with a not-to-exceed of $42.3 million. This Lot 5 contract award supports deliveries beginning in 2027.
In December of 2024, the U.S. Navy declared initial operational capability (IOC) for the NGJ-MB Program. The NGJ-MB system, developed by Raytheon, is part of a larger NGJ system that will augment and ultimately replace the legacy ALQ-99 Tactical Jamming System currently used on the EA-18G Growler aircraft. NGJ-MB uses the latest digital, software-based and electronically scanned array technologies and provides enhanced capabilities to disrupt, deny, and degrade enemy air defense and ground communication systems. There are two NGJ-MB Pods per EA-18G Growler. CPI Aero is delivering the Pod structure and associated Air Management Systems.
“CPI is proud to be a key supplier to Raytheon across several Strategic Business Units and Product Lines. This award is in recognition of CPI Aero’s performance delivering Next Generation Jammer-Mid Band Pods and AMS on or ahead of schedule. The U.S. Navy and Raytheon communicated how critical the need is for this capability and we are proud to be meeting our commitment to Raytheon, the U.S. Navy, and the Warfighter,” stated Dorith Hakim, president and CEO of CPI Aero.
About CPI Aero
CPI Aero is a prime contractor to the U.S. Department of Defense as well as a Tier 1 subcontractor to some of the largest aerospace and defense contractors in the world. CPI Aero provides engineering, program management, supply chain management, assembly operations and MRO services to this global network of customers. CPI Aero is recognized as a leader within the international aerospace market in such areas as aircraft structural assemblies, military advanced tactical pod structures, engine air inlets, and complex welded products. CPI Aero’s international customer base enjoys a unique combination of large-company capabilities, matched with small-company value, responsiveness, and personal customer service.
Forward-looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included or incorporated in this press release are forward-looking statements. Forward-looking statements include, among others, statements regarding the Company’s beliefs about its customer relationships, statements regarding future performance under customer contracts and anticipated schedules and delivery timing. The Company does not guarantee that it will actually achieve the plans, intentions or expectations disclosed in its forward-looking statements and you should not place undue reliance on the Company’s forward-looking statements.
Forward-looking statements involve risks and uncertainties, and actual results could vary materially from these forward-looking statements. There are a number of important factors that could cause the Company’s actual results to differ materially from those indicated or implied by its forward-looking statements, including those important factors set forth under the caption “Risk Factors” in the Company’s Annual Report on Form 10-K for the period ended December 31, 2024 filed with the Securities and Exchange Commission. Although the Company may elect to do so at some point in the future, the Company does not assume any obligation to update any forward-looking statements and it disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
CPI Aero® is a registered trademark of CPI Aerostructures, Inc. For more information, visit www.cpiaero.com, and follow us on Twitter @CPIAERO.
| Contacts: | |
| Investor Relations Counsel | CPI Aerostructures, Inc. |
| Alliance Advisors IR | Pamela Levesque |
| Jody Burfening | Interim Chief Financial Officer |
| (212) 838-3777 | (631) 586-5200 |
| cpiaero@allianceadvisors.com | plevesque@cpiaero.com |
| www.cpiaero.com | |
FAQ**
How does the production order for Pods and the Air Management System from Raytheon impact CPI Aerostructures Inc. (CVU)’s projected revenue growth over the next few years?
What specific measures is CPI Aerostructures Inc. (CVU) taking to mitigate risks associated with the production of the NGJ-MB program given the forward-looking statements mentioned?
Can you detail the operational challenges CPI Aerostructures Inc. (CVU) might face while delivering the Pods and Air Management Systems within the anticipated timelines set for 2027?
In what ways does CPI Aerostructures Inc. (CVU) plan to leverage its existing relationships with the U.S. Navy and Raytheon to secure future contracts beyond the current Lot 5 production phase?
**MWN-AI FAQ is based on asking OpenAI questions about CPI Aerostructures Inc. (NYSE: CVU).
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