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CPI Aero Awarded Contract Worth Up To $20 Million from Raytheon Intelligence & Space for B-52 Radar

February 16, 2022

Edgewood, NY – CPI Aerostructures, Inc. (“CPI Aero”) (NYSE American: CVU) today announced that it has been awarded a long-term, indefinite delivery indefinite quantity contract from Raytheon Intelligence & Space (“RI&S”), a Raytheon Technologies business, worth up to a potential $20 million to provide rack assemblies for RI&S’ B-52 AESA radar.

In 2019, Boeing awarded RI&S a contract for the radar in support of the U.S. Air Force’s B-52 Radar Modernization Program. RI&S previously announced low-rate initial production (LRIP) will begin in 2024, as the USAF looks to maintain the fleet of B-52 bombers in frontline service through to 2050 and beyond.

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