Defense Supplier CPI Aero To Restate Losses With $2.5M More In Red Ink

Credit: CPI Aerostructures
CPI Aerostructures, a Tier 1 supplier to defense aircraft OEMs and Tier 2 subcontractors, said Nov. 17 it will report $2.5 million more in net losses for 2019-20 after a long-running review of prior financial filings. The Upstate New York supplier now estimates that net losses for the two years will...

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