CPI Aerostructures, Inc. (CVU) Announces Preliminary Fourth Quarter and Year-End 2009 Results
CPI Aerostructures, Inc., a company engaged in the contract production of structural aircraft parts for leading prime defense contractors, the U.S. Air Force and other branches of the armed forces, recently announced preliminary results for the fourth quarter and year ended December 31, 2009. During the fourth quarter of 2009, CPI Aerostructures recorded the highest quarterly revenue in the company’s history of approximately $12.7 million with a net income of roughly $1.5 million. CPI Aero’s 2009 full-year revenue increased to approximately $43.9 million, the highest annual revenue the company has ever achieved, resulting in 2009 net income of approximately $3.9…