Communist Party of India

CPI Aero Receives $8.7 Million Purchase Order From U.S. Air Force for T-38 Aircraft Modification Kits

Retrieved on: 
Tuesday, February 16, 2021
CPI Aerostructures, Communist Party of India, Aerostructure, Jet trainer, Left-wing politics, Political ideologies, Politics of India

The new purchase order brings the total funded value of the contract to $24.0 million and extends the currently funded period of performance into 2024.

Key Points: 
  • The new purchase order brings the total funded value of the contract to $24.0 million and extends the currently funded period of performance into 2024.
  • The Northrop T-38 has been the principal supersonic jet trainer used by the Air Force for more than 50 years.
  • CPI also is a prime contractor to the U.S. Department of Defense, primarily the Air Force.
  • CPI Aero is a registered trademark of CPI Aerostructures, Inc.
    CPI Aero is a registered trademark of CPI Aerostructures, Inc. For more information, visit www.cpiaero.com , and follow us on Twitter @CPIAERO .

CPI Card Group® Reaches Milestone of Delivering 25+ Million Contactless Second Wave® Cards

Retrieved on: 
Tuesday, February 9, 2021
Professional services, Security, Technology, Finance, Software, Banking, Communist Party of India, Plastic, Political parties

The Company estimates that for every one million Second Wave cards produced, over one ton of plastic will be diverted from entering the worlds oceans, waterways and shorelines.

Key Points: 
  • The Company estimates that for every one million Second Wave cards produced, over one ton of plastic will be diverted from entering the worlds oceans, waterways and shorelines.
  • Having produced and delivered over 25 million Second Wave cards through 2020, CPI has now diverted at least an estimated 25 tons of plastic from entering the ocean.
  • The success of Second Wave enables CPI to support the communities from which the recovered ocean-bound plastic used in Second Wave cards is sourced.
  • CPI allocates a portion of the proceeds from every Second Wave card it sells to projects that benefit these communities.

New ZetaFrame™ Cabinet from Chatsworth Products Combines Innovative Features to Deploy Infrastructure, Faster and Efficiently

Retrieved on: 
Monday, February 8, 2021
Price indices, Chatsworth, Consumer price index, Communist Party of India, Left-wing politics, Politics of India, Politics by country

The new ZetaFrame Cabinet from CPI provides an unprecedented level of configurability and customization.

Key Points: 
  • The new ZetaFrame Cabinet from CPI provides an unprecedented level of configurability and customization.
  • ZetaFrame Cabinet maintains the same footprint as existing CPI cabinets, including GF-Series GlobalFrame Gen 2 Cabinet System, F-Series TeraFrame Gen 3 Cabinet and F-Series TeraFame HD Cabinet, but delivers a significant increase in capacity and efficiency.
  • Chatsworth Products (CPI) is a global manufacturer of products and solutions that protect your ever-growing investment in information and communications technology for IT and industrial automation applications.
  • Chatsworth Products, Clik-Nut, CPI, CPI Passive Cooling, CUBE-iT, eConnect, Evolution, GlobalFrame, MegaFrame, Motive, QuadraRack, RMR, Saf-T-Grip, SeismicFrame, SlimFrame, Secure Array, TeraFrame and Velocity are federally registered trademarks of Chatsworth Products.

CPI Aerostructures Reports Third Quarter 2020 Results

Retrieved on: 
Thursday, December 31, 2020
CPI Aerostructures, Communist Party of India, Left-wing politics, Political ideologies, Politics of India

Third quarter revenue surged 30% over the second quarter as we began to ramp up production on newer defense programs.

Key Points: 
  • Third quarter revenue surged 30% over the second quarter as we began to ramp up production on newer defense programs.
  • Based on our solid third quarter results, we are increasingly confident in our expectations for accelerated revenue and margin improvement for the second half of 2020 compared to the first half and for revenue growth and higher operating income for 2020 compared to 2019.
  • The above statements include forward looking statements that involve risks and uncertainties, which are described from time to time in CPI Aero's SEC reports, including CPI Aero's Form 10-K for the year ended December 31, 2019 and Forms 10-Q for the three-month periods ended March 31, 2020, June 30, 2020,and September 30, 2020.
  • CPI Aero is a registered trademark of CPI Aerostructures, Inc. For more information, visit www.cpiaero.com, and follow us on Twitter @CPIAERO .

CPI Aerostructures Schedules Third Quarter 2020 Earnings Release and Conference Call

Retrieved on: 
Wednesday, December 30, 2020
CPI Aerostructures, Price indices, Communist Party of India, New York Stock Exchange, Consumer price index, Political parties, New York City

(CPI Aero) (NYSE American: CVU) announced it will issue its financial results for its fiscal third quarter ended September 30, 2020 before the market open tomorrow, Thursday, December 31, 2020.

Key Points: 
  • (CPI Aero) (NYSE American: CVU) announced it will issue its financial results for its fiscal third quarter ended September 30, 2020 before the market open tomorrow, Thursday, December 31, 2020.
  • Management will host a conference call and webcast to discuss the companys financial results at 8:30am ET on Monday, January 4, 2021.
  • The live webcast of the conference call and accompanying slide presentation can be accessed via the Investors section of the CPI Aero website .
  • CPI Aero is a registered trademark of CPI Aerostructures, Inc. For more information, visit www.cpiaero.com, and follow us on Twitter @CPIAERO .

CPI Aerostructures and Air Industries Group Agree to Settle Working Capital Dispute

Retrieved on: 
Monday, December 28, 2020
CPI Aerostructures, Communist Party of India, Escrow, Political parties

(CPI Aero) (NYSE American: CVU) announced it has reached an agreement (Settlement Agreement) to resolve its post-closing working capital adjustment dispute with Air Industries Group (Air Industries) (NYSE American: AIRI) in exchange for payment of the $1,381,000 remaining in escrow to CPI Aero.

Key Points: 
  • (CPI Aero) (NYSE American: CVU) announced it has reached an agreement (Settlement Agreement) to resolve its post-closing working capital adjustment dispute with Air Industries Group (Air Industries) (NYSE American: AIRI) in exchange for payment of the $1,381,000 remaining in escrow to CPI Aero.
  • In December 2018, CPI Aero completed the acquisition of Welding Metallurgy, Inc. from Air Industries for a purchase price of $7.9 million subject to a potential post-closing working capital adjustment.
  • In October 2019, Air Industries and CPI Aero jointly authorized the release to CPI Aero of approximately $619,000 from escrow representing the value of certain undisputed post-closing working capital adjustment items.
  • CPI Aero is a registered trademark of CPI Aerostructures, Inc. For more information, visit www.cpiaero.com, and follow us on Twitter @CPIAERO .

Air Industries Group and CPI Aerostructures, Inc. Settle Working Capital Dispute

Retrieved on: 
Monday, December 28, 2020
Defense, Air, Aerospace, Transport, Manufacturing, Other Defense, Contracts, CPI Aerostructures, Communist Party of India, Aerostructure, AERO, Precision Castparts Corp., Companies, Economy of the United States, Political parties

Air Industries Group (NYSE AMEX: AIRI):

Key Points: 
  • Air Industries Group (NYSE AMEX: AIRI):
    Air Industries Group (Air Industries) announced it has reached an agreement (Settlement Agreement) to resolve its post-closing working capital adjustment dispute with CPI Aerostructures, Inc.
  • In a motion filed by CPI Aero against Air Industries in the Supreme Court of the State of New York arising out of the working capital dispute, CPI Aero sought, among other things, a judgment against Air Industries in the amount of approximately $4.1 million.
  • The parties agreed to resolve the dispute by payment of the $1,381,000 remaining in escrow to CPI Aero.
  • Air Industries Group (AIRI) is an integrated manufacturer of precision equipment assemblies and components for leading aerospace and defense prime contractors.

CPI Aerostructures to Collaborate With Wilder Systems on Robotic Manufacturing Research Project for U.S. Army

Retrieved on: 
Tuesday, December 15, 2020
CPI Aerostructures, Communist Party of India, Windows Aero, WILDER, System software, Political parties, Computing

In collaborating with Wilder Systems, CPI Aero is procuring and providing eight unique material coupon stacks representative of current aircraft structure.

Key Points: 
  • In collaborating with Wilder Systems, CPI Aero is procuring and providing eight unique material coupon stacks representative of current aircraft structure.
  • If the project moves to Phase 2, Wilder and CPI Aero will install an Agile Manufacturing Robot into a work cell at CPI Aero for demonstration in a production environment.
  • Cooperative research and development with CPI Aero provides Wilder Systems the unique opportunity to demonstrate our robotic system's effectiveness in both conventional and mixed material drilling applications, stated Will Wilder, CEO/Principal of Wilder Systems.
  • CPI Aero is a registered trademark of CPI Aerostructures, Inc. For more information, visit www.cpiaero.com, and follow us on Twitter @CPIAERO .

CPI Aerostructures Reports Second Quarter 2020 Results

Retrieved on: 
Thursday, November 12, 2020
CPI Aerostructures, Communist Party of India, Left-wing politics, Political ideologies, Politics of India

Revenue of $36.6 million compared to $42.1 million;

Key Points: 
  • Revenue of $36.6 million compared to $42.1 million;
    Gross profit of $3.3 million compared to $4.7 million;
    Net loss of $3.4 million compared to $1.8 million;
    Loss per share of $0.29 compared to $0.15;
    EDGEWOOD, N.Y., Nov. 12, 2020 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (CPI Aero) (NYSE American: CVU) today announced financial results for the three- and six-month periods ended June 30, 2020.
  • Through continued execution of our funded defense backlog, we delivered solid results for the second quarter, said Douglas McCrosson, president and CEO of CPI Aero.
  • As expected, gross margin percentage rebounded from the first quarter and we continue to expect that full-year 2020 gross margin percentage will be higher than 2019.
  • CPI Aero is a registered trademark of CPI Aerostructures, Inc. For more information, visit www.cpiaero.com, and follow us on Twitter @CPIAERO .

CPI Aerostructures Schedules Second Quarter 2020 Earnings Release and Conference Call

Retrieved on: 
Friday, November 6, 2020
CPI Aerostructures, Price indices, Communist Party of India, New York Stock Exchange, Consumer price index, Political parties, New York City

(CPI Aero) (NYSE American: CVU) announced it will issue its financial results for its fiscal second quarter ended June 30, 2020 before the market open on Thursday, November 12, 2020.

Key Points: 
  • (CPI Aero) (NYSE American: CVU) announced it will issue its financial results for its fiscal second quarter ended June 30, 2020 before the market open on Thursday, November 12, 2020.
  • Management will host a conference call and webcast to discuss the companys financial results that morning at 8:30 am Eastern Time.
  • The live webcast of the conference call and accompanying slide presentation can be accessed via the Investors section of the CPI Aero website .
  • CPI Aero is a registered trademark of CPI Aerostructures, Inc. For more information, visit www.cpiaero.com, and follow us on Twitter @CPIAERO .