CPI Aerostructures Delivers First Pod Structure Of Latest Production Contract For Next Generation Jammer Mid-Band Program To Raytheon, Under A Previously Announced Contract Award With A Maximum Value Of $32.6M
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CPI Aerostructures (NYSE: CVU) has delivered the first pod structure of the Low Rate Initial Production 3 (LRIP 3) for the Next Generation Jammer Mid-Band (NGJ-MB) program to Raytheon (RTX Corporation). The contract has a maximum value of $32.6 million, with deliveries expected through mid-2025.
July 08, 2024 | 12:15 pm
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POSITIVE IMPACT
CPI Aerostructures has delivered the first pod structure for the NGJ-MB program to Raytheon under a $32.6 million contract. This marks a significant milestone and is expected to positively impact revenues through mid-2025.
The delivery of the first pod structure under a significant contract is a positive development for CPI Aerostructures, indicating progress and future revenue streams through mid-2025.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Raytheon (RTX Corporation) has received the first pod structure for the NGJ-MB program from CPI Aerostructures. This delivery is part of a $32.6 million contract, supporting Raytheon's defense capabilities.
Receiving the first pod structure for the NGJ-MB program supports Raytheon's defense capabilities and aligns with their ongoing projects, potentially enhancing their market position.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70