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CPI Aero gets another $12.5M for jammer pod

Aug. 30, 2018 8:58 AM ETRaytheon Company (RTN) StockCVU, RTXBy: Yoel Minkoff, SA News Editor
  • Raytheon (NYSE:RTN) has awarded CPI Aerostructures (NYSEMKT:CVU) modified purchase orders totaling $12.5M related to the Engineering and Manufacturing Development phase of Next Generation Jammer Mid-Band.
  • Previously, Raytheon awarded CPI Aero a $4M contract for pod structural housings in July 2016 and a $2.7M contract in September 2016 to manufacture Air Management System door and duct assemblies that are installed within the pod housing.
  • The contract modifications announced today are for work scope changes associated with these earlier contracts, including additional systems integration efforts that will be performed during CPI Aero's build-up of the pod assembly.

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