# CPI Aerostructures

CPI Aerostructures is an Asset Manager based in Edgewood, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Edgewood, United States
- **Region:** North America
- **Address:** Edgewood, NY, United States
- **Founded:** 1980
- **Assets under management:** Undisclosed
- **Website:** www.cpiaero.com

## Regulatory record

- **Reports private funds:** No

## About

Founded in 1980 and headquartered in Edgewood, New York, CPI Aerostructures operates as a specialty manufacturer rather than a financial sponsor, yet its capital allocation decisions drive industrial outcomes in national security supply chains. The firm's identity is rooted in sheet metal fabrication, machining, and assembly of complex aerostructures, with its common stock traded on the NYSE American under the ticker CVU. CEO Douglas McCrosson has led the company through contract cycles tied to Department of Defense budget priorities and commercial aviation build rates. CPI Aerostructures directs capital into manufacturing tooling, skilled labor, and program execution for fixed-price defense contracts spanning fighter jets, rotorcraft, and transport aircraft. Its revenue base is concentrated in military programs — notably wing components for the UH-60 Black Hawk helicopter, structural assemblies for the A-10 Thunderbolt II re-winging program, and nacelle components for Gulfstream and HondaJet platforms. Commercial aerospace exposure includes airframe components for Embraer and Boeing subcontracts. The company's deployment model involves multi-year supply agreements rather than portfolio-company equity, with facilities in Edgewood functioning as a single-site industrial asset base. As of its most recent public filings, CPI Aerostructures generated approximately $83 million in annual revenue with a backlog of roughly $490 million in unawarded government and commercial contracts (per SEC filings, 2024). The firm employs a workforce in the hundreds at its Long Island facility and does not maintain additional offices. Adjacent to its core manufacturing operations, CPI has a subsidiary focused on in-flight refueling pod structures and has historically pursued MRO (maintenance, repair, and overhaul) service lines. A dated operational event: August 2024 — CPI announced a new $6.3 million contract for wing components supporting an unnamed US military program (per the firm, August 2024). What separates CPI Aerostructures from its defense-supplier peers is its status as a publicly listed small-cap entity wholly concentrated in aerostructures manufacturing — a niche that subjects the firm to both equity-market scrutiny and Pentagon procurement compliance without the diversification or capital buffers of a conglomerate. This creates a binary operating profile: high program-concentration risk balanced by deeply embedded sole-source or limited-source positions on decades-old military platforms that are costly to re-compete.

## Sectors

- Aerospace & Defense
- Industrial Tech

## People

- Douglas McCrosson — President and CEO

## Questions

### What does CPI Aerostructures manufacture?

CPI Aerostructures produces structural assemblies and components for military and commercial aircraft. Its core products include wing leading edges, engine nacelles, flight control surfaces, and helicopter cabin structures. Major current programs include wing components for the UH-60 Black Hawk, structural kits for the A-10 Thunderbolt II re-winging program, and nacelle parts for Gulfstream G650 business jets (per SEC filings).

### How does CPI Aerostructures' financial profile look?

As of its most recent 10-K filing for fiscal year 2024, CPI reported annual revenue of approximately $83 million with a gross margin around 18-20%. The company carries moderate debt on its balance sheet and holds an authorized contract backlog of roughly $490 million, including both funded orders and unfunded government options. Free cash flow has historically been volatile due to working-capital intensity on fixed-price defense contracts (per SEC filings, 2024).

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Last updated: 2026-06-03T20:00:00.000Z

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