<SEC-DOCUMENT>0001387131-20-002891.txt : 20200316
<SEC-HEADER>0001387131-20-002891.hdr.sgml : 20200316
<ACCEPTANCE-DATETIME>20200316162644
ACCESSION NUMBER:		0001387131-20-002891
CONFORMED SUBMISSION TYPE:	NT 10-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20191231
FILED AS OF DATE:		20200316
DATE AS OF CHANGE:		20200316
EFFECTIVENESS DATE:		20200316

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CPI AEROSTRUCTURES INC
		CENTRAL INDEX KEY:			0000889348
		STANDARD INDUSTRIAL CLASSIFICATION:	AIRCRAFT PART & AUXILIARY EQUIPMENT, NEC [3728]
		IRS NUMBER:				112520310
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		NT 10-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11398
		FILM NUMBER:		20717505

	BUSINESS ADDRESS:	
		STREET 1:		200A EXECUTIVE DR
		CITY:			EDGEWOOD
		STATE:			NY
		ZIP:			11717
		BUSINESS PHONE:		5165865200

	MAIL ADDRESS:	
		STREET 1:		91 HEARTLAND BLVD
		CITY:			EDGEWOOD
		STATE:			NY
		ZIP:			11717
</SEC-HEADER>
<DOCUMENT>
<TYPE>NT 10-K
<SEQUENCE>1
<FILENAME>cvu-nt10k_123119.htm
<DESCRIPTION>NOTICE OF INABILITY TO TIMELY FILE
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0; text-align: center"><B></B></P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 12pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 2.7in 0 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0; text-align: center"><B><B>FORM 12b-25</B></B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0; text-align: center"><B><B></B></B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0; text-align: center"><B><B></B><BR>
NOTIFICATION OF LATE FILING</B></P>


<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 2.7in 0 0; text-align: center"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 16.5pt Times New Roman, Times, Serif; margin: 0 2.7in 0 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>


<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 63pt; text-align: justify; text-indent: -63pt"><FONT STYLE="font-size: 10pt"><I>(Check
One)</I>:&#9;</FONT>&#9746; <FONT STYLE="font-size: 10pt">&nbsp;Form 10-K &#9744;&nbsp;&nbsp;Form 20-F &#9744; &nbsp;&nbsp;Form 11-K &#9744;&nbsp;&nbsp;
Form 10-Q &#9744;&nbsp;&nbsp; Form 10-D &#9744;  &nbsp;&nbsp;Form N-SAR &#9744;&nbsp; Form N-CSR</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 63pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 63pt; text-align: justify">For Period Ended: <U>December 31,
2019</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 63pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 63pt; text-align: justify">&#9744; <FONT STYLE="font-size: 10pt">Transition
Report on Form 10-K</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 63pt; text-align: justify">&#9744; <FONT STYLE="font-size: 10pt">Transition
Report on Form 20-F</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 63pt; text-align: justify">&#9744; <FONT STYLE="font-size: 10pt">Transition
Report on Form 11-K</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 63pt; text-align: justify">&#9744; <FONT STYLE="font-size: 10pt">Transition
Report on Form 10-Q</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 63pt; text-align: justify">&#9744; <FONT STYLE="font-size: 10pt">Transition
Report on Form N-SAR</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 63pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 63pt; text-align: justify">For the Transition Period Ended:&nbsp;&nbsp;________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; border: black 1pt solid; padding-right: 6.95pt; padding-left: 6.95pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><I>Read Instructions (on back page) Before Preparing
        Form. Please Print or Type</I>.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0.95pt; text-align: center"><B>Nothing in this form shall be construed
        to imply that the Commission has verified any information contained herein.</B></P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">If the notification relates to a portion of
the filing checked above, identify the Item(s) to which the notification relates: <U>N/A</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>PART I &#8211; REGISTRANT INFORMATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><U>CPI Aerostructures, Inc.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Full Name of Registrant</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><U>N/A</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Former Name if Applicable</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><U>91 Heartland Blvd</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Address of Principal Executive Office <I>(Street and Number)</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><U>New York, New York 11717</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">City, State and Zip Code</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>PART II &#8211; RULES 12b-25 (b) AND (c)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">If the subject report could not be filed without
unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check
box if appropriate)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 4%; padding-right: 6pt; padding-left: 6pt; font: 12pt Times New Roman, Times, Serif; layout-grid-mode: line">&nbsp;&#9746;</TD>
    <TD STYLE="vertical-align: top; width: 96%; border-left: Black 1pt solid; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 23.8pt; text-indent: -23.8pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
        reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 23.8pt; text-indent: -23.8pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
        subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form-CSR, or portion
        thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report
        or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the
        fifth calendar day following the prescribed due date; and</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 23.8pt; text-indent: -23.8pt">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
        accountant&#8217;s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 23.8pt; text-indent: -23.8pt">&nbsp;</P></TD></TR>
</TABLE>
<p>&nbsp;</P>

<P></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P>&nbsp;</p>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>PART III &#8211; NARRATIVE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">State below in reasonable detail the reasons
why the Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N<FONT STYLE="font-family: WP TypographicSymbols">B</FONT>SAR, N-CSR, or the transition
report or portion thereof, could not be filed within the prescribed time period. (Attach extra sheets if needed)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">As disclosed in the Current Report on Form 8-K filed by
the Company with the Securities and Exchange Commission (&ldquo;SEC&rdquo;) on February 14, 2020, (the &ldquo;Form 8-K&rdquo;),
the audit committee of the board of directors of the Company, determined, based on the recommendation of management and in consultation
with CohnReznick LLP (&ldquo;CohnReznick&rdquo;), the Company&rsquo;s independent registered public accounting firm, that the Company&rsquo;s
financial statements which were included in its annual report on Form 10-K for the year ended December 31, 2018, quarterly reports
on Forms 10-Q for the quarters ended March 31, 2018, June 30, 2018, and September 30, 2018 and quarterly reports on Forms 10-Q
for the quarters ended March 31, 2019, June 30, 2019, and September 30, 2019 (&ldquo;Non-Reliance Periods&rdquo;) should no longer
be relied upon due to an error in such financial statements relating to the Company&rsquo;s recognition of revenue from contracts
with customers under ASC Topic 606. Similarly, CohnReznick&rsquo;s reports on the effectiveness of internal control over financial
reporting for the year ended December 31, 2018, management&rsquo;s reports on the effectiveness of internal control over financial
reporting, press releases, and investor communications describing the Company&rsquo;s financial statements for such periods should
no longer be relied upon.&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">The Company intends to include in its Annual Report on
Form 10-K for the year ended December 31, 2019 (&ldquo;2019 Form 10-K&rdquo;), restated financial statements and other disclosures
for the Non-Reliance Periods as soon as reasonably practical. As a result of the pending restatements of such financial statements,
and the fact that the audited financial statements for the year ended December 31, 2019 cannot be finalized until the restated
financial statements for the Non-Reliance Periods are completed, the Company was unable to complete its financial statements and
file its 2019 Form 10-K by the prescribed due date for such filing (March 16, 2020) without unreasonable effort or expense.</p>



<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>PART IV &#8211; OTHER INFORMATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 6pt; padding-left: 6pt; layout-grid-mode: line"><FONT STYLE="font-size: 10pt">(1)</FONT></TD>
    <TD COLSPAN="3" STYLE="padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Name and telephone number of person to contact in regard to this
        notification</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%; padding-right: 6pt; padding-left: 6pt; font: 12pt Times New Roman, Times, Serif; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="width: 52%; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><U>Thomas Powers</U></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Name)</P></TD>
    <TD STYLE="width: 21%; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><U>(516)</U></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Area Code)</P></TD>
    <TD STYLE="width: 23%; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><U>586-5200</U></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Telephone Number)</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 6pt; padding-left: 6pt; layout-grid-mode: line">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 6pt; padding-left: 6pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; font: 12pt Times New Roman, Times, Serif; padding-right: 6pt; padding-left: 6pt; layout-grid-mode: line"><FONT STYLE="font-size: 10pt">(2)</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; font: 12pt Times New Roman, Times, Serif; padding-right: 6pt; padding-left: 6pt; layout-grid-mode: line; text-align: justify"><FONT STYLE="font-size: 10pt">Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed?&nbsp;&nbsp;If answer is no, identify report(s).</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 12pt Times New Roman, Times, Serif; padding-right: 6pt; padding-left: 6pt; layout-grid-mode: line">&#9746;<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;Yes&nbsp;&nbsp;&#9744;&nbsp;&nbsp;No</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 6pt; padding-left: 6pt; layout-grid-mode: line">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 6pt; padding-left: 6pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; font: 12pt Times New Roman, Times, Serif; padding-right: 6pt; padding-left: 6pt; layout-grid-mode: line"><FONT STYLE="font-size: 10pt">(3)</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; font: 12pt Times New Roman, Times, Serif; padding-right: 6pt; padding-left: 6pt; layout-grid-mode: line; text-align: justify"><FONT STYLE="font-size: 10pt">Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 12pt Times New Roman, Times, Serif; padding-right: 6pt; padding-left: 6pt; layout-grid-mode: line">&#9746;<font style="font-size: 10pt">&nbsp;&nbsp;Yes&nbsp;&nbsp;&#9744;&nbsp;&nbsp;No</font></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 6pt; padding-left: 6pt; layout-grid-mode: line">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 6pt; padding-left: 6pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 6pt; padding-left: 6pt; layout-grid-mode: line">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">If so, attach an explanation of the anticipated
        change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot
        be made.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p>

<table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 4%; padding-right: 6pt; padding-left: 6pt; font: 12pt Times New Roman, Times, Serif; layout-grid-mode: line"></td>
    <td style="width: 96%; padding-right: 6pt; padding-left: 6pt">
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 34.5pt 0 35.65pt; text-align: justify">Until completion of the restatement
        as described above, the Company will not be in a position to provide a reasonable estimate of its results of operations for any
        of the affected periods. The Company will provide full financial results and a description of the resulting changes to such financial
        periods in its 2019 Form 10-K.</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 34.5pt 0 35.65pt; text-align: justify"></p>
        <p style="font: 12pt Times New Roman, Times, Serif; margin: 0 34.5pt 0 35.65pt; text-align: justify; text-indent: 0.5in"></p></td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Forward-looking Statements:</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&ldquo;Safe Harbor&rdquo; Statement under the
Private Securities Litigation Reform Act of 1995: All statements other than statements of historical fact included in this Form
12b-25 are forward-looking statements. When used in this Form 12b-25, words such as &ldquo;anticipate,&rdquo; &ldquo;believe,&rdquo;
&ldquo;estimate,&rdquo; &ldquo;expect,&rdquo; &ldquo;intend,&rdquo; and similar expressions, as they relate to the Company or its
management, identify forward-looking statements. Such forward-looking statements are based on the beliefs of the Company&rsquo;s
management, as well as assumptions made by and information currently available to the Company&rsquo;s management. Actual results
could differ materially from those contemplated by the forward-looking statements as a result of certain factors, including but
not limited to, the Company&rsquo;s ability to complete the financial statements required to be included in its Annual Report on
Form 10-K for the year ended December 31, 2019, or the restatement of the affected prior period financial statements; the timing
and results of the Company&rsquo;s review of the effectiveness of internal control over financial reporting and related disclosure
controls and procedures; whether a restatement of financial results will be required for other periods or for other accounting
issues; risks relating to the substantial costs and diversion of management&rsquo;s and other personnel&rsquo;s attention and resources
deployed to address the restatement and internal control matters; the timing of the review by, and the conclusions of, the Company&rsquo;s
independent auditor with respect to the previously issued or prior fiscal years&rsquo; financial statements; the risk that the
filing of the restatement of the affected financial statements will take longer than anticipated; adverse effects on the Company&rsquo;s
business related to the disclosures made in this Form 12b-25 or the reactions of customers or suppliers; any adverse developments
in existing legal proceedings or the initiation of new legal proceedings; and volatility of the Company&rsquo;s stock price. Additional
risks are included in the Company&rsquo;s Annual Report on Form 10-K for the year ended December 31, 2018. Because the risks, assumptions,
and uncertainties referred to above could cause actual results or outcomes to differ materially from those expressed in any forward-looking
statements, readers are cautioned not to place undue reliance on any such forward-looking statements, each of which speaks only
as of the date made. The Company has no obligation to update any forward-looking statement to reflect events or circumstances after
the date hereof.</p>



<p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<P STYLE="margin: 0">&nbsp;</P>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><U>CPI AEROSTRUCTURES, INC.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Name of Registrant as Specified in Charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0; margin-top: 6pt; margin-bottom: 6pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
     <TD STYLE="width: 6%; font: 10pt Times New Roman, Times, Serif">Date:&nbsp;&nbsp;</TD>
     <TD STYLE="width: 15%; border-bottom: #000000 1px solid; font: 10pt Times New Roman, Times, Serif">March 16, 2020</TD>
     <TD STYLE="width: 15%; padding-bottom: 1px; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
     <TD STYLE="width: 6%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
     <TD STYLE="width: 6%; font: 10pt Times New Roman, Times, Serif">By:</TD>
     <TD STYLE="width: 26%; border-bottom: #000000 1px solid; font: 10pt Times New Roman, Times, Serif">/s/ Thomas Powers</TD>
     <TD STYLE="width: 26%; padding-bottom: 1px; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
     <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
     <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
     <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
     <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
     <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">Thomas Powers, Acting Chief Financial Officer</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0; margin-top: 6pt; margin-bottom: 6pt">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">INSTRUCTION: The form may be signed by an executive
officer of the registrant or by any other duly authorized representative. The name and title of the person signing the form shall
be typed or printed beneath the signature. If the statement is signed on behalf of the registrant by an authorized representative
(other than an executive officer), evidence of the representative&#8217;s authority to sign on behalf of the registrant shall be
filed with the form.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; border: black 1pt solid; padding-right: 6.95pt; padding-left: 6.95pt">
        <P STYLE="font: 17pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>ATTENTION</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0.95pt; text-align: center"><B>Intentional misstatements or omissions
        of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001).</B></P></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>



<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 3 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
