A team of Idaho Air National Guard maintainers reinstall the leading edges on the wing of an A-10.

06:25 GMT, August 31, 2010 EDGEWOOD, N.Y. | CPI Aerostructures, Inc. ("CPI Aero") (NYSE Amex:CVU) today announced that it has received a new purchase order valued at $17 million from the Boeing Defense, Space & Security unit of The Boeing Company ("Boeing") for 49 ship sets of assemblies for the A-10 aircraft. This represents a follow-on order for CPI Aero’s previously announced long-term requirements contract to support Boeing's A-10 Wing Replacement Program (WRP). The A-10 WRP contract between Boeing and CPI Aero is worth up to approximately $81 million for the production of a variety of structural assemblies for up to 242 enhanced wings. To date, CPI Aero has received $33 million of orders for the A-10 WRP program.

Edward J. Fred, CPI Aero's CEO and President, stated, "We are proud of our performance on this program and are excited about this follow-on order. As we continue to demonstrate our assembly capabilities to the Boeing A-10 Wing Replacement Team, we hope to be considered for additional opportunities for assemblies and systems integration on this platform."

Mr. Fred continued, “With this purchase order release, total year-to-date contract awards are approximately $50.5 million, compared to a total of $12.1 million of new contract awards during the same period last year.”