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Newsday (Melville, NY)
MAR-06
CPI Aero's quarterly revenue takes a dive.
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CPI Aero's quarterly revenue takes a dive.
Publication: Newsday (Melville, NY) Publication Date: 31-MAR-06 |
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COPYRIGHT 2006 Newsday
Byline: James Bernstein
Mar. 31--Shares of once high-flying CPI Aero Inc., one of the country's leading providers of spare parts for military airplanes, fell more than 16 percent yesterday after the company announced a loss in the fourth quarter and said that revenue declined sharply, too. Edward Fred, CPI's chief executive, blamed a "significant slowdown" in Pentagon contract awards, telling investors in a conference call that although the Edgewood-based company remains optimistic about...
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