By GREGORY ZELLER //
A fresh $48 million deal will keep a longtime Long Island defense contractor flying Boeing’s friendly skies for the foreseeable future.
Edgewood-based CPI Aerostructures on Thursday announced it has inked an indefinite delivery/indefinite quantity contract with a “maximum ceiling value” of $48 million with Chicago-based aerospace giant Boeing.
Building on a decade-plus of support for Boeing’s workhorse A-10 Thunderbolt II fighter planes, the new IDIQ deal will see CPI Aero manufacturing “major structural subassemblies” for the A-10’s wing sections.
To get the ball rolling on the new contract, Boeing has submitted an initial purchase order valued at roughly $6 million, with the delivery of four assembly shipsets scheduled for late 2020, according to CPI Aero.
The Illinois manufacturing titan has also “stated its intention” to order between 23 and 40 additional production shipsets before May, CPI Aero added, with deliveries set to commence in 2021.
The new supply deal is related to a new $1 billion Boeing/U.S. Air Force contract announced in August, with the manufacturer slated to produce up to 112 new wing sets and spare kits for Cold War-era A-10 aircraft.
The $48 million IDIQ contract extends CPI Aero’s relationship not only with Boeing but with the A-10, a vehicle the Edgewood maker has become quite familiar with, according to President and CEO Douglas McCrosson, who noted his company’s “decade-long experience in manufacturing wing structures for the A-10.”
“This award … cements our role as a key supply-chain partner to Boeing on this aircraft to 2030 and beyond,” McCrosson said Thursday. “We are very honored to continue our work on one of the most combat-proven aircraft in the world today, one that plays a vital role in our national defense.”
The veteran Long Island defense contractor is actually knee-deep in a number of aircraft patrolling the nation’s front lines. In addition to its work on the A-10, CPI Aero has won deals in recent years as a critical supplier for Lockheed Martin Co.’s F-35 Lightning II, Bell Helicopter’s AH-1Z Viper attack ship and the Raytheon Co., which provides door and duct assembles for Boeing’s EA-18G Growler, a fighter/bomber loaded for electronics warfare.