CPI Aero Announces New Long Term Supply Agreement to Manufacture Assemblies for Embraer; Potential Value $40M

CPI Aerostructures, Inc.

announced today that Embraer S.A.

, headquartered in São José dos Campos, Brazil, has awarded a long term supply agreement to CPI Aero to manufacture engine inlet assemblies for the Embraer Phenom 300 business jets. CPI Aero estimates that this contract has a potential value in excess of $40 million over the life of the Phenom's production program. The first assemblies produced by CPI Aero are expected to be delivered in the first quarter of 2013.