CPI Aero shares surge 13.94% premarket after securing $6M follow-on airborne pod orders from Raytheon.

CPI Aerostructures surged 13.94% in premarket trading following the announcement of $6 million in funded follow-on orders for airborne pods from Raytheon’s Advanced Products & Solutions division. The orders, part of CPI’s Aerosystems Segment, cover design, tooling, procurement of complex parts, and full assembly and testing of pod structures, with a potential $12 million not-to-exceed ceiling. CEO Dorith Hakim emphasized the contract reinforces CPI Aero’s core competency in airborne pod manufacturing and underscores customer trust in its precision engineering and supply chain expertise. As a prime defense contractor and Tier 1 aerospace subcontractor, the deal aligns with CPI’s strategic focus on defense and advanced tactical systems, bolstering near-term revenue visibility and operational capacity.