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   Technology StocksCPI Aerostructures (CVU)- Take a Look (was CPI)


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From: Paul Lee11/16/2015 11:06:33 AM
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Will Northrop Grumman Corporation E-2D Advanced Hawkeye Nullify $80 Billion Bomber Halt News?
Published by Sam Hason on November 14, 2015 at 7:33 am EST







Northrop stock has been under pressure since its $80 billion order was halted due to Boeing and Lockheed protest








According to a Reuters report, Northrop Grumman Corporation's ( NYSE:NOC) forecasted E-2D Advanced Hawkeye airborne early warning aircraft will receive orders from North Africa, the Gulf and Asia in the near term. The company recently lost a UAE order, to SAAB AB, worth $1.27 billion, for surveillance systems up-gradation on bombardier planes. Northrop claims to have an order for four E-2D aircraft already placed by Japan.

$80 billion order under scrutiny On November 12, the company's $80 billion order of long-range strike bombers awarded on October 27 by the US Air Force was halted. The contract was protested by Lockheed Martin Corporation (NYSE:LMT) and Boeing Co (NYSE:BA) saying the selection process was fundamentally flawed.

100 aircraft were to be developed and manufactured under the deal. The government was expecting the first fleet to be incorporated in 2025. The need for radar evading aircraft arose due to the Pentagon’s effort to ready US military systems against potential aggression from China and Russia.



On November 6, Boeing and Lockheed filed an official protest against the deal, saying there were flaws in the Pentagon’s evaluation process, those that could derail the Defense Department’s extensive efforts to making weapons less expensive.

The US Government Accountability Office stated that the ruling on the protest will take place on February 16, 2016.

JP2068 Computer Network Defense contract received There was also positive news for the company, coming from its subsidiary, the “Northrop Grumman M5 Network Security,” which received a contract for the JP2068 Phase 2B.2 from the Australian Department of Defense.

This subsidiary is involved in providing cyber-security services to government organizations, military, and large-scale corporations. M5 also maintains a flourishing product development practice, which focuses on the Secure Communications System, and an array of cyber-secure products and capabilities.

The award for the JP2068 will enable effective management at the defense department’s, with monitoring, as well as the security of communication networks and information systems through its multi-phased project.

Northrop Grumman Australia chief executive Ian Irving said, "This contract marks the formalization of a partnership between Defense and Northrop Grumman Australia as a trusted cyber systems integrator with the ability to deliver enhanced cyber security to Defense."







Business Finance News believes despite Northrop's past, the company developed better aircraft. Naturally, before having allocated the second largest weapons program, the Department of Defense must carefully considered multiple factors due to sensitivity. The award also opened the Pentagon’s doors for Northrop, which should be seen as a positive sign in an environment where military spending has slowed. It is yet to be seen whether the company will adhere to the development agenda.

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From: Paul Lee12/7/2016 9:43:32 AM
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Big pick in Kiplinger for 2017

kiplinger.com

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From: Paul Lee11/6/2017 8:39:34 AM
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CPI Aero Awarded $15.8 Million Multi-Year Contract by Lockheed Martin for F-35 Canopy Drive Shaft Assemblies

GlobeNewswire•November 6, 2017

Comment

EDGEWOOD, N.Y., Nov. 06, 2017 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®”) (NYSE American:CVU) today announced that it has been awarded a $15.8 million multi-year contract by Lockheed Martin Company ( LMT) to manufacture canopy actuation drive shaft assemblies for the F-35 Lightning II, the world’s most advanced multirole fighter.

Under this new contract with Lockheed Martin’s Aeronautics division based in Fort Worth, TX, CPI Aero will provide four different drive shaft assemblies used within the actuation system that opens and closes the cockpit canopy of all three variants of the aircraft: the F-35A conventional takeoff and landing (CTOL) variant, the F-35B short takeoff/vertical landing (STOVL) variant, and the F-35C carrier variant (CV). Deliveries are expected to begin during the third quarter of 2018 and continue through December 31, 2022.

This is CPI Aero’s second contract with Lockheed Martin for structural assemblies on the F-35. In May 2017, CPI Aero made its first delivery of lock assemblies for the arresting gear door of the F-35A CTOL variant under a multi-year contract awarded in 2015 estimated at up to $10.6 million.

The F-35 Lightning II is a family of single-seat, single-engine, all-weather stealth multirole fighters designed to perform ground attack, aerial reconnaissance, and air defense missions. The US Department of Defense plans to acquire over 2,400 F-35’s by 2034 and eleven other countries also have plans to acquire the aircraft.

Douglas McCrosson, President and CEO of CPI Aero, stated, “This is an important win for CPI Aero as it increases CPI Aero content on the F-35, our nation’s largest military aircraft program, and further strengthens our ties to Lockheed, the largest defense prime contractor in the world. Coming on the heels of our first F-35 assembly delivery, I am confident that Lockheed Martin views us as having attributes that define successful defense contracting: quality, performance and affordability.”

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From: Chartgod7/16/2021 8:02:31 AM
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CVU for anyone?

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To: Chartgod who wrote (212)7/16/2021 12:30:04 PM
From: Chartgod
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