CPI Aerostructures, Inc. (“CPI Aero®”) (NYSE MKT: CVU) today announced that it was ranked #64 in the list of America’s 100 Best Small Companies by Forbes Magazine. The entire list appears in the October 22, 2012 issue of Forbes Magazine. The list can be also accessed online at: http://www.forbes.com/best-small-companies/list/.
Forbes highlights public companies with less than $1 billion in annual revenues. Rankings are based on return on equity, revenues and earnings growth over the past year and over five years. Additionally, Forbes factored in stock performance versus each company’s peer group during the last 12 months.
Edward J. Fred, CPI Aero’s CEO & President stated, “We are very proud to be recognized by Forbes as one of America’s 100 Best Small Companies. This recognition is a testament to the hard work and dedication of our excellent team of employees and we share this achievement with them."
About CPI AeroCPI Aero is 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. CPI Aero also acts as a subcontractor to prime aircraft manufacturers in the production of commercial aircraft parts. In conjunction with its assembly operations, CPI Aero provides engineering, technical and program management services. Among the key programs that CPI Aero supplies are the E-2D Advanced Hawkeye surveillance aircraft, the A-10 Thunderbolt attack jet, the Gulfstream G650, the UH-60 BLACK HAWK helicopter, the S-92® helicopter, the MH-60S mine countermeasure helicopter, AH-1Z ZULU attack helicopter, the HondaJet-Advanced Light Jet, the MH-53 and CH-53 variant helicopters, the C-5A Galaxy cargo jet, and the E-3 Sentry AWACS jet. CPI Aero is included in the Russell 2000® Index. The above statements include forward looking statements that involve risks and uncertainties, which are described from time to time in CPI Aero’s SEC reports, including CPI Aero’s Form 10-K for the year ended December 31, 2011 and Forms 10-Q for the quarters ended March 31, 2012 and June 30, 2012.