Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Akanksha Bakshi

CPI Aero Secures $4M Contract From Collins For Airborne Pod System

Collins (Organization) CPI NYSE CVU Collins Aerospace CPI Aerostructures Inc
  • CPI Aerostructures Inc (NYSE:CVU) has secured a $4 million purchase order from Collins Aerospace, a unit of Raytheon Technologies Corp (NYSE:RTX), to manufacture the Tactical Synthetic Aperture Radar (TacSAR) intelligence, surveillance, and reconnaissance (ISR) system.
  • TacSAR is a long-range synthetic aperture radar system designed for overland and maritime reconnaissance and surveillance.
  • Under this new contract, CPI will complete non-recurring engineering (NRE) and tool development and build one prototype pod that Collins will use to complete the required test and evaluation of the TacSAR system.
  • Price Action: CVU shares are trading higher by 3.75% at $2.77 and RTX lower by 0.50% at $100.24 on the last check Thursday.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Identity of Dave Grohl's love child's mother revealed after months of secrecy
The Foo Fighters frontman, 56, revealed in September that he had fathered a baby with another woman
Evening Standard
Evening Standard
Simpsons star ‘vindicated’ after major policy change
New York Yankees players will no longer be told to ‘get rid of those sideburns’
The Independent UK
The Independent UK
Where to watch The Simpsons: stream old episodes of the classic animation and watch new ones on TV
All 36 seasons and counting
WhatToWatch
WhatToWatch
Voices: Luigi Mangione’s popular appeal highlights our fetishisation of ‘dangerous’ men
COMMENT: By framing criminals as sex objects, we’re not only vindicating them but their behaviour, writes Olivia Petter. What message does it send to other young men who might go on to become offenders?
The Independent UK
The Independent UK
Blake Lively blasts The Hollywood Reporter's 'sexist and offensive' cover about Justin Baldoni legal battle
The cover depicting Lively and Baldoni was branded ‘disturbing’ by outraged critics
Evening Standard
Evening Standard
YouTube was born from a failed dating site – 20 years on, the world’s biggest video platform faces new challenges
When three former PayPal employees, Steve Chen, Chad Hurley and Jawed Karim, registered the domain www.youtube.com 20 years ago, they wanted to create an online dating site based around videos of users. In 2016, Chen told the SXSW conference: “We thought dating would be the obvious choice.”
The Conversation
The Conversation
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play