# CPI Aerostructures receives $34.4M contract from Lockheed Martin for F-16 assemblies

CPI Aerostructures was awarded a multi-year contract by Lockheed Martin to manufacture Rudder Island and Drag Chute Canister assemblies for the F-16 Block 70/72. The contract has a value not to exceed $34.4 million, with an initial funded order of $10.4 million.

- Type: Contract
- Announced: 2023-08-28
- Where: Edgewood, New York, United States
- Value: $34.4M
- Status: announced
- Products: Rudder Island and Drag Chute Canister assemblies for F-16 aircraft
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [CPI Aerostructures](https://endata.com/companies/21504.md)
- [Lockheed Martin](https://endata.com/companies/6612.md) (customer)
- [CPI Aerostructures](https://endata.com/companies/21504.md) (supplier)

## Sources

- [cpiaero.com](https://www.cpiaero.com/news-2023-2nd-multiyear-contractaug-2023), 2023-08-28: "CPI Aero delivered its first RI/DCC assembly for the F-16 Block 70/72 in June 2021."
- [globenewswire.com](https://www.globenewswire.com/news-release/2023/08/28/2732541/0/en/CPI-Aero-Receives-Second-Multi-Year-Contract-and-Funded-Order-for-F-16-Aircraft-Structures.html), 2023-08-28: "CPI Aero delivered its first RI/DCC assembly for the F-16 Block 70/72 in June 2021."
- [globenewswire.com](https://www.globenewswire.com/news-release/2023/08/28/2732541/0/en/cpi-aero-receives-second-multi-year-contract-and-funded-order-for-f-16-aircraft-structures.html), 2023-08-28: "This second follow-on multi-year contract demonstrates Lockheed Martin’s confidence in CPI to deliver critical aerostructure assemblies in support of the F-16."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.