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Nov. 8, 2011, 11:31 AMCPI Aerostructures (CVU +16.2%) jumps after its Q3 beats estimates across the board. Revenues increased 28% Y/Y, primarily due to contract work done for Boeing (BA -0.5%) on the A-10 attack jet and on the E-2D surveillance airplane for Northrop Grumman (NOC -1%). The company raises its FY12 revenue guidance, now expecting revenues of $95M to $98M, above the Street estimate of $95M. | Comment!
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CPI Aerostructures Inc is engaged in the contract production of structural aircraft parts principally for the U.S. Air Force and other branches of the U.S. armed forces, either as a contractor or as a subcontractor to other defense contractor.
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