| Business Summary | | CPI
Aerostructures,
Inc.
conducts
its
business
through
two
companies,
CPI
Aerostructures
Inc.
(CPI)
and
Kolar
Inc.
(Kolar).
CPI
is
engaged
in
contract
production
of
structural
aircraft
parts
and
sub-assemblies
for
the
commercial
and
military
sectors
of
the
aircraft
industry.
In
connection
with
its
commercial
assembly
operations,
CPI
provides
engineering,
technical
and
program
management
services
to
its
customers.
CPI
also
owns
Kolar,
which
manufactures
precision
machine
parts
and
sub-assemblies
for
the
electronics
industry,
including
computer
and
microwave
device
manufacturers,
as
well
as
the
materials
handling,
aerospace
and
banking
industries.
CPI's
products
are
sub-assemblies
(a
series
of
parts
fitted
together
to
form
a
complex
aerodynamic
structure).
Kolar's
principal
products
include
detail
parts
and
major
sub-assemblies
for
high-speed
machines
that
route
printed
circuit
boards
through
a
series
of
operations,
while
inserting
and
bonding
components
to
the
board. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CVU
is
engaged
in
contract
production
of
structural
aircraft
and
machine
parts
and
sub-assemblies
for
the
commercial,
military,
and
electronics
industries.
For
the
six
months
ended
6/30/01,
revenues
fell
28%
to
$10.3
million.
Net
loss
totaled
$723
thousand,
vs.
an
income
of
$563
thousand.
Revenues
reflect
lower
demand
for
Kolar
board
handlers.
Net
loss
also
reflects
a
less
profitable
sales
mix
and
$152
thousand
in
write-off
of
acquisition
charges
of
unconsummated
transactions. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Arthur August, 66 Chairman
of Directors, Pres, CEO | $390K | Edward Fred, 42 CFO,
Exec. VP, Sec., Director | 209K | Timothy Stone, 40 Pres
of Kolar | 103K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|