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Lockheed Orders CPI Aero Components for F-16 Production

Lockheed Orders CPI Aero Components for F-16 Production - top government contractors - best government contracting event
Lockheed Orders CPI Aero Components for F-16 Production - top government contractors - best government contracting event

CPI Aerostructures has secured a $1.2M follow-on order to supply structural assemblies Lockheed Martin will incorporate into Block 70/72 configuration of the F-16 aircraft platform.

The new order brings the total value of a multiyear contract for the production of rudder island and drag chute canisters to $8.7M, CPI Aero said Monday.

Lockheed awarded the contract in February last year.

Douglas McCrosson, president and CEO of CPI Aero, said the company serves as the sole supplier of RI/DDC components for the F-16 and appreciates Lockheed's accelerated payments during the coronavirus pandemic.

Deliveries under the additional order are slated to occur by late next year.

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Written by Nichols Martin

a staff writer at Executive Mosaic, produces articles on the federal government's technology and business interests. The coverage of these articles include government contracting, cybersecurity, information technology, health care and national security.

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