Recent Updates — CVU
CPI Aerostructures reported second quarter and six-month financial results for the period ended June 30, 2026. Revenue increased to $17.6 million from $15.2 million in the prior year quarter, with gross profit rising to $3.9 million from $0.7 million. Net income turned positive at $0.7 million compared to a net loss of $1.3 million previously, yielding earnings per share of $0.05 versus $(0.10). For the first half of 2026, revenue reached $34.9 million against $30.6 million, and net income was $1.9 million compared to a loss of $2.6 million. The company cited improved product mix and operational execution as drivers for margin expansion. CPI Aerostructures operates in the aerospace and defense industry, providing engineering, assembly, and MRO services for military and civil aircraft.
On June 8, 2026, the Compensation and Human Resources Committee increased the annual base salary of CEO and President Dorith Hakim from $405,000 to $425,000, effective May 1, 2026. Additionally, the annual base salary of CFO and Secretary Robert Mannix was increased from $300,000 to $325,000, effective July 1, 2026. The company operates in the aerospace industry and manufactures aircraft structures.