CPI Aerostructures Secures $9M F-16 Rudder Island Drag Chute Canister Orders
CPI Aerostructures won additional $9 million in orders from Lockheed Martin to produce Rudder Island Drag Chute Canister assemblies for F-16 Block 70/72 jets. Deliveries under the multi-year IDIQ contract will extend through 2028, boosting backlog visibility and revenue stability.
1. Order Award Details
CPI Aero received additional orders totalling $9 million from Lockheed Martin Aeronautics under the existing Long Term Agreement to manufacture Rudder Island Drag Chute Canister assemblies for F-16 Block 70/72 fighter jets.
2. Contract Background
These new orders are placed against the Indefinite Delivery, Indefinite Quantity contract first awarded in June 2021, with a follow-on multi-year award granted in 2023, reflecting sustained demand for CPI Aero’s aerostructures.
3. Delivery Schedule
Deliveries of the RI/DCC assemblies will continue through 2028 under the terms of the multi-year agreement, providing clear production timelines and enhancing the company’s near-term revenue visibility.
4. Strategic Implications
The award reinforces CPI Aero’s position as a key supplier on the F-16 program, strengthens its defense backlog and supports long-term revenue stability through engineering, manufacturing and supply chain commitments.