BNET Industries

CPI Aerostructures Inc.

(CVU) is in the Manufacturing Industry

Market Cap:$38.6M
Last Fiscal Year Sales:$35.5M
  • Public
  • US
Dow Jones Description

CPI Aero produces components and assemblies for branches of the U.S. armed forces and for leading military and commercial aircraft manufacturers. CPI Aero provides program management, final assembly and kitting, and other value-added services to support production at any stage of the program or product manufacturing life cycle. These value-added services reduce time to market and improve program efficiencies for our customers. CPI Aero, in its role as integrator, subcontracts production of individual parts and components to suppliers. These parts and components are assembled by CPI to create major subassemblies ready for integration on aircraft platforms. Examples of assemblies that the Company has produced and delivered successfully include: - Aircraft Aprons - Cowls - Door Assemblies - Engine Components - Engine Mounts - Flight Control Surfaces - Installation Kits - Leading Edges - Nacelle Assemblies - Skin Panels - Spoilers - Structural Inlet Assemblies - Wing Slats - Wing Tips CPI Aero manufactures replacement parts for out-of-production aircraft (C-5, B-1, and E-3), production parts for use in major airframe modification programs (T-38 and A-10) and production and spare parts for aircraft platforms currently in production (E-2D, UH-60, S-92). Since 1980, CPI Aero has completed thousands of contracts, earning us a strong reputation within the industry and forging significant customer relationships.

Chief Executive Officer, President and Director
Edward J. Fred
Number of Employees 65
Contact Information

60 Heartland Blvd

Edgewood

(631) 586-5200

NAICS Code Other Aircraft Parts and Auxiliary Equipment Manufacturing: 336413

Recent Events

  • CVU: Management Comments on Record Quarterly Revenues and FY09 Outlook

    8/12/09 - Financial Announcement - View Story

  • BRIEF: CPI Aero contract with Boeing expands, adding $960,000

    5/21/09 - Joint Venture / Alliance - View Story

  • CPI Aerostructures to Take Additional Work Under Its A-10 Wing Long-Term Requirement Contract From The...

    5/21/09 - Joint Venture / Alliance - View Story

News & Analysis

cpi aerostructures inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Edward J. Fred Chief Executive Officer, President and Director
Vincent Palazzolo CFO
Douglas McCrosson Senior Vice President, Operations
Frank Funicelli Senior Vice President, Business Dev

Board of Directors

Name (plus bio) Position
Harvey Bazaar Chairman
A.C. Providenti Board of Directors
Kenneth McSweeney Board of Directors
Walter Paulick Board of Directors

Mr. Fred has been President of the Company since January 2002. He was appointed Chief Executive Officer in January 2003. Prior to being appointed President, Mr. Fred held various positions with the company beginning in February 1995. For approximately ten years prior to joining the Company, Mr. Fred served in various positions for the international division of Grumman, where he last held the position of Controller. In 2004, Mr. Fred was the recipient of the Long Island Association's Small Business Entrepreneurial Advocate Award, and in 2005, was named an Ernst & Young Entrepreneur of the Year Award recipient. He was a panelist at the 2004 Forbes Dynamic Growth Companies Conference and had his work published in the Journal of Management Development. Mr. Fred holds a BBA in Accounting from Dowling College (1980), and graduated from the Inaugural Executive MBA program at Hofstra University in May 2002.

Organization Position Status
CPI Aerostructures, Inc. Chief Executive Officer, President and Director Current
Long Island Business News Current
CPI Aerostructures, Inc. Board of Directors Current
Hofstra University MBA Former
Dowling College Bba In Accounting Former

Organization Position Status
CPI Aerostructures, Inc. CFO Current
Nysscpa Board of Directors Current
CPI Aerostructures, Inc. Board of Directors Current
Business Services, Inc. Managing Director Former
Goldstein Golub Kessler Llp Former
Hofstra University Bachelor of Business Administration In Accounting Former

Organization Position Status
CPI Aerostructures, Inc. Senior Vice President, Operations Current
State University of New York at Buffalo Bachelor of Science Degree In Mechanical Engineering Former

Organization Position Status
CPI Aerostructures, Inc. Senior Vice President, Business Dev Current

Harvey J. Bazaar has been a Director since December 2006 and Chairman of our Audit Committee since April 2007. A certified public accountant, Mr. Bazaar has spent most of his career in public accounting, having retired from PricewaterhouseCoopers in 2000 as the Global and Americas Leader for the Capital Markets Group. At Coopers & Lybrand, which merged with PriceWaterhouse to form PricewaterhouseCoopers, Mr. Bazaar served on the firm's Executive Committee and as Managing Partner of the New York City office. In post-retirement, from September 2001 to December 2002, Mr. Bazaar served as the Chief Operating Officer of DML Global Services, a company providing fund accounting and related services to private investment funds and other businesses. Since January 2006, Mr. Bazaar has served on the Board of Directors and Audit Committee of BKF Capital Group, Inc., an OTC Bulletin Board company and has served as its President and Chief Executive Officer since January 2007. Mr. Bazaar holds a Bachelor of Science degree from Kent State University.

Organization Position Status
CPI Aerostructures, Inc. Chairman Current
CPI Aerostructures, Inc. Board of Directors Former
Kent State University Bachelor of Science Degree Former

Organization Position Status
CPI Aerostructures, Inc. Board of Directors Current

Organization Position Status
CPI Aerostructures, Inc. Board of Directors Current
C.W. Post College Masters Degree In Business Management Former
Polytechnic Inc Master of Science Degrees In Electrical Engineering Former

Organization Position Status
CPI Aerostructures, Inc. Board of Directors Current
Dowling College Bachelor of Business Administration Former
Dowling College Degree In Applied Science Former

Executive News

  • CVU: Management Comments on Record Quarterly Revenues and FY09 Outlook

    TradingMarkets - 8/12/09 - View Story

  • CPI Aerostructures Announces Second Quarter 2009 Results

    Business Wire - 8/11/09 - View Story

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     CVU $6.45 -0.10 (-1.53% )
Intraday | 3 Month | 6 Month | 1 Year
Average Volume 7,855
Shares Outstanding 6.00M
Market Cap 38.7M
Year High 8.2999
Year Low 3.52
Earnings Per Share 0.52
P/E Ratio 12.40
Dividend N/A
Yield N/A
IndustryTop Rated
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