CPI Aero Receives $1.5 Million of Orders from Vought Aircraft Industries to Support Vought's C-5 Top Contract

Business Wire, March 31, 2008

Year-to-date Contract Awards Total $10.6 Million

EDGEWOOD, N.Y. -- CPI Aerostructures, Inc. ("CPI Aero([R])") (AMEX: CVU) today announced it has received purchase orders from Vought Aircraft Industries, Inc. ("Vought") totaling $1.5 million to supply parts for the C-5A Galaxy aircraft, including metal-bonded wing panels and door assemblies. These orders support Vought's C-5 TOP contract with the U.S. Air Force. Deliveries are scheduled to commence in late 2008.

Edward J. Fred, CPI Aero's President & CEO stated, "With this award, we end the first quarter of 2008 with a total of $10.6 million in new contract awards, compared to $1.1 million for the same period last year. $9.7 million of this year's total represents subcontract awards for both military and commercial aircraft from major aerospace companies, compared to $282,000 of subcontract awards for the same period last year. This increase in subcontract awards is a result of our continued efforts to diversify our customer base and increase the proportion of work performed in our capacity as a subcontractor to major prime contractors and is a testament to the quality and timeliness of the assemblies we continue to provide to all of our customers."

About Vought Aircraft Industries, Inc.

Vought Aircraft Industries, Inc. (www.voughtaircraft.com) is one of the world's largest independent suppliers of aerostructures. Headquartered in Dallas, the company designs and manufactures major airframe structures such as wings, fuselage subassemblies, empennages, nacelles and other components for prime manufacturers of aircraft. Vought has annual sales of approximately $1.6 billion and about 6,000 employees in nine U.S. locations.

About CPI Aero([R])

CPI Aero([R]) is engaged in the contract production of structural aircraft parts for the U.S. Air Force, other branches of the armed forces and leading prime defense contractors. In conjunction with its assembly operations, CPI Aero([R]) provides engineering, technical and program management services. Among the key programs that CPI Aero([R]) supplies are the C-5A Galaxy cargo jet, the T-38 Talon jet trainer, the A-10 Thunderbolt attack jet, the E-3 Sentry AWACS jet, UH-60 Black Hawk helicopter, the Sikorsky S-92 helicopter, and the MH-60S mine countermeasure helicopter.

The above statements include forward looking statements that involve risks and uncertainties, which are described from time to time in CPI Aero's SEC reports, including CPI Aero's Form 10-K for the year ended December 31, 2007.

CPI Aero([R]) is a registered trademark of CPI Aerostructures, Inc.