 EDGEWOOD, N.Y., April 15, 2021 GLOBE NEWSWIRE -- CPI Aerostructures, Inc. CPI Aero NYSE American: CVU announced that the United States Government exercised an option to extend the term of a Firm Fixed PriceIndefinite Delivery Indefinite Quantity FFPIDIQ prime contract the Company has with the Defense Logistics Agency for one year ending April 2022. The Government estimates the value of the contract extension to be valued at up to a maximum 1.7 million. Over the past six years, CPI Aero has received more than 14 million in orders under this contract for structural wing components used by the U.S. Government for global F-16 aircraft maintenance, repair and overhaul operations. 