91 heartland boulevard edgewood, ny 11717 leading edge ... · government to manufacture 257 h‐60...

4
1 91 Heartland Boulevard Edgewood, NY 11717 Tel: 631-586-5200 Email: [email protected] Web: www.cpiaero.com Facebook: www.facebook.com/CPIAero Twitter: www.twitter.com/CPIAero NYSE American: CVU Leading Edge BUSINESS News Quality + Best Value + Program ExecuƟon = CPI’s Formula for Success Sharing Our Latest News December 2017 Issue 2 CPI Aero has earned a reputaƟon for quality craŌsmanship, fair prices and operaƟonal excellence that leads to a superior buying experience for our military and commercial customers. Customer saƟsfacƟon, in turn, results in new opportuniƟes from current customers for new applicaƟons or contract extensions on work we are already performing. We proudly announced several such contract awards in the laƩer half of 2017 that fall into this category. In July and September Sikorsky AircraŌ, a Lockheed MarƟn company, awarded CPI Aero with two veyear followon contracts for the UH60M Black Hawk helicopter. These contracts were awarded to CPI following Sikorsky’s “MulƟ‐Year IX” contract signed in June with the US government to manufacture 257 H60 Black Hawk helicopters, with opƟons for an addiƟonal 103 aircraŌ. CPI Aero will conƟnue to manufacture fuel panel assemblies for this aircraŌ, as well as gunner window assemblies. CPI Aero has been manufacturing these products for Sikorsky since 2010. Then in November, CPI Aero announced that Lockheed MarƟn had again selected the company to manufacture addiƟonal assemblies for the F35 Lightning II aircraŌ. CPI Aero will now manufacture drive shaŌ assemblies for the aircraŌ’s canopy actuaƟon system, more than doubling CPI Aero’s content on the F35. In May 2017, CPI made its rst delivery of F35 door lock assemblies under a contract the company received in 2015. “We are proud that current customers such as LMCO conƟnue to select CPI Aero for mulƟple contracts as a supplier on some of their most signicant programs,“ said Nazz Palmerini, CPI Aero’s Vice President, Programs. “We strive to provide the best customer service in pricing, performance, and delivery and believe that our customers recognize and reward us in return for this commitment.“ Message from Douglas McCrosson, President and CEO The Importance of Looking Back While Planning Ahead Here in the northeast the cold air and shortened days are some of the obvious indicaƟons of winter’s approach and the end of the year. At this Ɵme, I nd myself reecƟng on this year’s accomplishments while we nalize plans and goals for the upcoming year. As I look back at 2017, I am proud of the accomplishments CPI Aero has made, and I am eager to build on them in 2018. Contracts won throughout this year conƟnue to reect our business strategy to focus more of our sales eorts within the defense market, a market we know very well and in which we have historically achieved success. In addiƟon to contracts for some of the mostadvanced military aircraŌ programs, such as the F35 Lightning II and UH60 Black Hawk, we also saw conƟnued growth in our pod structure business with our contract with UTC Aerospace on their TacSAR reconnaissance system. Internally, capital investments and improvements made within our facility conƟnue to enhance producƟvity and eciency. A newly rebuilt metal polishing area and a new Bonding Room were both added to the manufacturing oor this past year. In 2018, we expect to build upon the momentum we have in the defense sector, while conƟnuing to execute on the important programs we have across both the defense and commercial aerospace markets. We have a series of “rst deliveries” for 2018 and we’re excited to move these programs toward full producƟon. For 2018 we also are oering new benets to deliver the highest quality of work life for our valued employees. StarƟng in January, CPI Aero will move to a 9/80 work calendar which will align our business days with many of our customers while also providing our employees with every other Friday o. This new schedule as well as other iniƟaƟves we will be rolling out in the new year reect a company goal to maintain the quality of service we provide to our customers while improving the work/home balance for our employees . So as one year comes to an end and another is about to begin, I’d like to extend a hearƞelt thank you to our customers and suppliers for the conƟnued collaboraƟon and cooperaƟon that fuels our mutual success. And on behalf of everyone here at CPI Aero, I would like to wish each and every one of you a joyous holiday season and a prosperous new year!

Upload: ngomien

Post on 03-Apr-2018

216 views

Category:

Documents


1 download

TRANSCRIPT

‐ 1 ‐ 

 

91 Heartland Boulevard Edgewood, NY 11717

Tel: 631-586-5200 Email: [email protected] Web: www.cpiaero.com Facebook: www.facebook.com/CPIAero Twitter: www.twitter.com/CPIAero

NYSE American: CVU

Leading Edge

BUSINESS News

Quality + Best Value + Program Execu on = CPI’s Formula for Success 

Sharing Our Latest News  

December 2017 Issue 2 

CPI Aero has earned a reputa on for quality cra smanship, fair prices and opera onal excellence that leads to a superior buying experience for our military and commercial customers. Customer sa sfac on, in turn, results in new opportuni es from current customers for new applica ons or contract extensions on work we are already performing.  We proudly announced several such contract awards in the la er half of 2017 that fall into this category. 

In July and September Sikorsky Aircra , a Lockheed Mar n company, awarded CPI Aero with two five‐year follow‐on contracts for the UH‐60M Black Hawk helicopter. These contracts were awarded to CPI following Sikorsky’s “Mul ‐Year IX” contract signed in June with the US government to manufacture 257 H‐60 Black Hawk helicopters, with op ons for an addi onal 103 aircra . CPI Aero will con nue to manufacture fuel panel assemblies for this aircra , as well as gunner window assemblies. CPI Aero has been manufacturing these products for Sikorsky since 2010. 

Then in November, CPI Aero announced that Lockheed Mar n had again selected the company to manufacture addi onal assemblies for the  F‐35 Lightning II aircra . CPI Aero will now manufacture drive sha  assemblies for the aircra ’s canopy actua on system, more than doubling CPI Aero’s content on the F‐35. In May 2017, CPI made its first delivery of F‐35 door lock assemblies under a contract the company received in 2015. 

“We are proud that current customers such as LMCO con nue to select CPI Aero for mul ple contracts as a supplier on some of their most significant programs,“ said Nazz Palmerini, CPI Aero’s Vice President, Programs. “We strive to provide the best customer service in pricing, performance, and delivery and believe that our customers recognize and reward us in return for this commitment.“ 

Message from Douglas McCrosson, President and CEO

The Importance of Looking Back While Planning Ahead

Here in the northeast the cold air and shortened days are some of the obvious indica ons of winter’s approach and the end of the year. At this  me, I find myself reflec ng on this year’s accomplishments while 

we finalize plans and goals for the upcoming year.   

As I look back at 2017, I am proud of the accomplishments CPI Aero has made, and I am eager to build on them in 2018. Contracts won throughout this year con nue to reflect our business strategy to focus more of our sales efforts within the defense market, a market we know very well and in which we have historically achieved success. In addi on to contracts for some of the most‐advanced military 

aircra  programs, such as the F‐35 Lightning II and UH‐60 Black Hawk, we also saw con nued growth in our pod structure business with our contract with UTC Aerospace on their TacSAR reconnaissance system. Internally, capital investments and improvements made within our facility con nue to enhance produc vity and efficiency. A newly re‐built metal polishing area and a new Bonding Room were both added to the manufacturing floor this past year. 

In 2018, we expect to build upon the momentum we have in the defense sector, while con nuing to execute on the important programs we have across both the defense and commercial aerospace markets.  We have a series of “first deliveries” for 2018 and we’re excited to move these programs toward full produc on. 

For 2018 we also are offering new benefits to deliver the highest quality of work life for our valued employees. Star ng in January, CPI Aero will move to a 9/80 work calendar which will align our business days with many of our customers while also providing our employees with every other Friday off. This new schedule as well as other ini a ves we will be rolling out in the new year reflect a company goal to maintain the quality of service we provide to our customers while improving the work/home balance for our employees . 

So as one year comes to an end and another is about to begin, I’d like to extend a hear elt thank you to our customers and suppliers for the con nued collabora on and coopera on that fuels our mutual success. And on behalf of everyone here at CPI Aero, I would like to wish each and every one of you a joyous holiday season and a prosperous new year! 

‐ 2 ‐ 

 

CORPORATE News

CPI Aero Selected by LMCO for Addi onal F‐35 Assemblies

In November, CPI Aero was awarded a mul ‐year 

contract from Lockheed Mar n (LMCO) to 

manufacture mul ple canopy actua on drive sha  

assemblies on the F‐35 Lightning aircra . CPI will be 

responsible for manufacturing and delivering four 

different drive sha  assemblies used within the 

actua on system that opens and closes the cockpit 

canopy of all three variants of the F‐35 aircra . This is 

the second contract awarded to CPI Aero for this 

aircra . In May CPI Aero made its first deliveries of  

F‐35 door lock  assemblies to LMCO, a contract that 

was awarded to CPI in 2015. 

CPI Aero Manufacturing Receives Advanced Composites Training

CPI Aero strives to con nuously seek out opportuni es for providing 

valuable, real‐world applicable training for its employees. Recently 18 

CPI Aero technicians received advanced, hands‐on technical training in 

composites manufacturing ac vi es at the Composites Prototyping 

Center (CPC), an R&D/Technology incubator for all things composites 

located in Plainview, NY. The training was funded via Empire State 

Development and comprised 60‐hours of training over 10 days. Upon 

comple on, CPI’s technicians received an accredited na onally 

recognized cer ficate in composites capability. Technicians will be able 

to apply their training immediately on current programs, such as our 

HondaJet engine inlet program and the Next Genera on Jammer, 

Increment 1 pod program with Raytheon. 

Avia on Week Network Names CPI Aero a Program Excellence Finalist

CPI Aero’s MH‐60 Seahawk Stabilator overhaul and repair program the company performs 

for Sikorsky Aircra , a Lockheed Mar n company, was recognized as one of the two finalists 

in Avia on Week’s Program Excellence Awards this year. The only US‐based small business 

finalist out of all categories, CPI was selected as a finalist in the Supplier Sustainment 

category. We were cited for our carefully thought‐out program planning and execu on, 

consis ng of receiving assembled product, assessing the damage and crea ng a unique 

manufacturing plan for each stabilator repair. Pictured at le , Jessica Hill (Program 

Manager) along with Nazz Palmerini (VP, Programs) and Doug McCrosson (President & CEO) 

accepted  the finalist award from Carole Heddon (Execu ve Editorial Director, Avia on 

Week Execu ve Intelligence) at the awards banquet held in November. Nazz Palmerini, Jessica Hill, Carole Heddon, and Doug McCrosson 

Effec ve January 1, 2018,  CPI Aero will be transi oning to a 

9/80 work schedule consis ng of 80 working hours over a 9 

day period, with one day off every 2‐week period . On 

January 1st CPI business hours will change as described, 

and our offices will be closed every other Friday beginning 

January 12th.  

Although CPI will be implemen ng a new business hour 

schedule, the company remains commi ed to suppor ng 

all of our customer needs. The revision in the work 

schedule will not change the level of  support we provide.  

At any  me if there are special requirements, shipments, 

etc. that fall on Fridays that CPI offices are closed, CPI will 

make the necessary accommoda ons for the situa on as 

needed. Please coordinate with your Program Manager 

and/or CPI contact for any special circumstances that arise.  

A New Year Marks New Business Hours for CPI Aero in 2018

‐ 3 ‐ 

 

MANUFACTURING News

Environmentally Controlled Bonding Room

CPI  Aero  takes  pride  in  the  collabora ve  rela onship  it establishes and maintains with its customers. Recently, during the  early  phases  of  some  of  CPI’s  newer  programs, conversa ons  between  CPI  engineering  and  our  customers revealed  that  instead of using  fasteners as originally planned, certain  assemblies  would  be  manufactured  using  bonding processes. Due to the cri cal nature of these assemblies, it was decided that CPI would be responsible for performing the new bonding processes. To  support  this  internally CPI constructed an environmentally controlled area for bonding purposes. 

Two small ovens (approximately 27 cubic feet each) are installed next to the Bonding Room and will be used for curing film adhesive for programs such as the HondaJet engine inlet.

The room is an enclosed space with full environmental control and has

the ability to be upgraded and expanded to achieve clean room

status, if required.

Inside the Bonding Room a freezer will 

store film adhesives as well as other 

composite products that require it.  

A cu ng table is available for suppor ng, 

rolling out and cu ng film adhesive or 

prepreg, as well as for use as "bagging 

sta ons" where fab‐as‐needed and pre‐

made‐by‐design vacuum bags can be set 

up on inlet or pod components. 

Local vacuum pumps and all bagging 

tools and materials will be deployed at 

the bagging sta ons inside the room.  

CPI will perform metal‐to‐metal bonding, which also  requires ovens for curing the film adhesive, in support of the HondaJet engine inlets we currently manufacture. In addi on, we will be performing  several  bonded  seals  for  our  Next  Genera on Jammer,  Increment  1  pod  program  with  Raytheon,  which require  heat  blankets  to  cure  the  sealant.  In  both  cases  CPI Aero will be working with film adhesives, vacuum bagging and elevated  curing  temperatures  over  me/temp  measured cycles. 

‐ 4 ‐ 

 

We Appreciate

Our Outstanding Employees

CPI Aero on Social Media 

h ps://www.facebook.com/cpiaero 

h ps://www.twi er.com/cpiaero 

Company page: CPI Aerostructures 

Meet our most recent Employee of the Month winners at CPI Aero 

EMPLOYEE News

Best wishes

for a Wonderful holiday season

And a Happy New Year!

Our offices will be closed during the holidays: 

Monday, December 25, 2017—Monday, January 1, 2018 

Bryan

Victoria

Scott

Mike