CPI Aerostructures' stock price rises due to a $9 million order from Lockheed Martin

LootboxPhobia · 2026-02-25T01:02:29+00:00

CPI Aerostructures Inc stock price rose 5.8% after securing a $9 million order from Lockheed Martin for F-16 fighter jet component manufacturing. The order was signed under a long-term agreement, with deliveries continuing through 2028.

LootboxPhobia

2026-02-25 01:02:29

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Investing.com – CPI Aerostructures Inc (NYSE American:CVU) stock rose 5.8% on Tuesday after the company announced an additional $9 million order from Lockheed Martin’s aerospace division.

These orders are placed under a previously announced long-term agreement to manufacture rudder island/retarder parachute container components for the F-16 Block 70/72 fighter jets. Delivery of the new orders will continue through 2028.

This recent order adds extra funding to the irregular delivery, variable quantity contract established in 2023, which is the second follow-up multi-year contract. CPI Aero delivered its first RI/DCC components for the F-16 Block 70/72 in June 2021.

The F-16 Fighting Falcon is in service in over 29 countries. CPI Aero manufactures structural components for Lockheed Martin’s F-16 production line.

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