CPI Aerostructures shares surge 12.83% intraday after securing $6M follow-on order from Raytheon for airborne pod design, with contract ceiling up to $12M, leveraging its core manufacturing expertise in defense supply chain.

CPI Aerostructures surged 12.83% intraday trading, with the company announcing a $6 million follow-up order from Raytheon for airborne pod design, tool development, parts procurement, and integration testing, with the order ceiling reaching $12 million. The company, as a prime contractor and first-tier subcontractor to the Department of Defense, possesses core competencies in airborne pod manufacturing, reinforcing its position in the military supply chain.