CPI Aerostructures shares surge 10.85% intraday after securing $6 million airborne pod orders from Raytheon.

CPI Aerostructures surged 10.85% during intraday trading following the announcement of $6 million in funded follow-on orders for airborne pods from Raytheon. The contracts, which include tooling, complex parts, and full pod assembly, are part of a potential $12 million ceiling, signaling sustained demand for the company’s defense-related products. The news, reported by Reuters and other outlets, reinforced investor confidence in CPI Aero’s role in supporting Raytheon’s advanced systems, aligning with the stock’s sharp intraday gains.