CPI Aerostructures, Inc. (CVU) Secures Follow-On Orders Worth $2.4M for Welded Assemblies

CPI Aerostructures, Inc. (NYSEAMERICAN:CVU) is among the 10 Best Low Priced Defense Stocks to Buy NowOn July 30, the company announced that it was awarded follow-on orders worth $2.4 million from multiple customers to weld complex structural assemblies used on a U.S. military helicopter.

CPI Aerostructures, Inc. (CVU) Secures Follow-On Orders Worth $2.4M for Welded Assemblies

Dorith Hakim, President and CEO of CPI Aerostructures, Inc. (NYSEAMERICAN:CVU), welcomed the order, saying he was proud of the company’s rich history of providing components and assemblies for fixed and rotary wing aircraft for the U.S. military and allied forces.

He further added that CPI Aerostructures, Inc. (NYSEAMERICAN:CVU)’s fusion welding capability was widely regarded across the industry and that the recent orders demonstrate the company’s commitment to excellence in delivering fusion welded assemblies for its customers.

CPI Aerostructures, Inc. (NYSEAMERICAN:CVU) manufactures structural parts for fixed-wing aircraft and helicopters in the commercial and defense markets. In April this year, the company completed the delivery of an ALMDS pod structure in support of Northrop Grumman’s contract for a Korean program.

While we acknowledge the risk and potential of CVU as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CVU and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Best Aerospace Stocks to Buy Now and 13 Best Global Stocks to Buy Right Now.

Disclosure: None.