CPI Aerostructures awarded seven year contract by Cessna
CPI Aerostructures, announced recently that it has been awarded a contract by Cessna Aircraft to supply structural assemblies, predominately wing spars, for Cessna’s flagship aircraft, the newly-relaunched Cessna Citation X. CPI Aero estimates the value of the contract, over a seven year period, to be approximately $41 million. The intial delivery order is for approximately $5 million.
CPI Aero will be manufacturing eleven different structural assemblies, including nine spar assemblies. CPI Aero will begin work immediately and will commence deliveries in the first half of 2013.
Originally introduced into service in 1996 as the Citation X, the new Citation X was first announced at the National Business Aviation Association convention in 2010. The new Citation X prototype made its first flight in January 2012 with FAA type certification anticipated in mid-2013 with first aircraft deliveries to customers planned for the second half of 2013.
Edward J. Fred, CPI Aero’s CEO & president said: “We are very proud that Cessna, the world’s leading manufacturer of General Aviation aircraft, has selected CPI Aero to provide critical assemblies for its new Citation X program. We have been a supplier to Textron through its Bell Helicopter subsidiary; however, this is our first contract from Cessna and we are excited to build upon our successes at Bell. Cessna becomes the third new commercial aerospace customer announced in the past eighteen months and justifies our strategy to target opportunities on long-lived civilian aircraft programs.”