Welding Metallurgy

Welding Metallurgy Inc., a subsidiary of CPI Aerostructures, has been awarded $1.23 million in new orders from Northrop Grumman for aerial refueling probe assemblies for the E-2D Advanced Hawkeye aircraft.

CPI Aerostructures received a multi-year contract from Lockheed Martin to manufacture rudder island and drag chute canister assemblies for the tail section of the F-16V aircraft. Deliveries are expected to begin in Q4 2019 and the contract runs until 2024.

CPI Aerostructures Inc. acquired Welding Metallurgy Inc. (WMI) from Air Industries Group Inc. WMI provides welded products and assemblies to defense and aerospace markets, and its operations will be integrated into CPI's Edgewood, New York headquarters by Q1 2019.

CPI Aerostructures announced a definitive agreement to acquire Welding Metallurgy Inc. from Air Industries Group for $9 million in cash, with up to $1 million additional contingent on long-term supply agreements.