CPI Aero Awarded $1 Million Contract by Northrop Grumman to Support Export Sales of ALMDS to Japan

by Benzinga Staff
May 17, 2012 8:45 AM | 1 min read | Make a Comment

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.

CPI Aerostructures (NYSE: CVU) today announced that it was awarded a $1 million contract by Northrop Grumman Aerospace Systems to manufacture pod structural housings for the Airborne Laser Mine Detection System. In February 2012, NGAS announced its first direct commercial sale of four ALMDS to the Japan Maritime Self-Defense Force to help protect its coastline and the daily maritime traffic coming in and out of Japan's ports. The pod structures produced by CPI Aero will be used to support this export sale to Japan. CPI Aero will commence work immediately on this new contract and make deliveries to NGAS from mid-2013 through early 2014.

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.

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