CPI Aerostructures Inc (NYSE American: CVU) is an aerospace manufacturing company that produces structural aircraft assemblies for fixed-wing aircraft and helicopters in both the defense and commercial markets. Revenue comes from contract production, operating as either a Tier 1 supplier to aircraft OEMs or a Tier 2 subcontractor to defense prime contractors, with pricing on government contracts governed by the Federal Acquisition Regulation. The company also participates in the aerosystems sector through reconnaissance pod structures and fuel panel systems, and holds capabilities in MRO, kitting, tube bending, welding, and electronics. Founded in 1980 as Composite Products International Inc, CPI Aero has over 45 years of contracting experience. It competes against much larger Tier 1 suppliers, including Spirit AeroSystems. The company does not pay dividends and its board does not intend to declare any in the foreseeable future, retaining earnings for operations. FAA oversight and Federal Acquisition Regulation compliance are central operating constraints.

Revenue model

Contract production revenue from build-to-print structural aircraft assemblies for defense and commercial customers. Government contract pricing follows Federal Acquisition Regulation cost-based rules. The company acts as Tier 1 supplier to OEMs or Tier 2 subcontractor to defense primes.

Products and services

Structural aircraft assemblies for fixed-wing aircraft and helicopters; reconnaissance pod structures; fuel panel systems; fusion-welded fluid tanks; aerial refueling probes; plenums; tubes and ducts; wire harnesses; power control systems; fuel management systems; power distribution systems; RF enclosures; MRO; kitting; tube bending. Proprietary designs include auxiliary tanks for Northrop Grumman and CH-53K titanium and aluminum tubes and ducts for Sikorsky.

Customers and end markets

Defense prime contractors and U.S. Government as direct customers; commercial and business jet manufacturers. End markets include military aerospace (primary) and commercial aerospace. The company serves as a subcontractor to defense prime contractors, which has also provided access to commercial aircraft structure programs.

Value-chain role

Tier 1 aerostructures supplier to aircraft OEMs and Tier 2 subcontractor to major defense prime contractors. Build-to-print manufacturer with engineering support capabilities including DFMA, GD&T, CATIA, and NX model-based definition environments.

Geographic exposure

The filing excerpts do not specify revenue by geography. Operations are U.S.-based with government contracts subject to U.S. Government procurement rules and FAA regulation.

Competitors

Spirit AeroSystems

Source: SEC 10-K, filed 2026-03-31

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