<SEC-DOCUMENT>0001999371-24-004310.txt : 20240402
<SEC-HEADER>0001999371-24-004310.hdr.sgml : 20240402
<ACCEPTANCE-DATETIME>20240401173111
ACCESSION NUMBER:		0001999371-24-004310
CONFORMED SUBMISSION TYPE:	NT 10-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20231231
FILED AS OF DATE:		20240402
DATE AS OF CHANGE:		20240401
EFFECTIVENESS DATE:		20240402

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CPI AEROSTRUCTURES INC
		CENTRAL INDEX KEY:			0000889348
		STANDARD INDUSTRIAL CLASSIFICATION:	AIRCRAFT PART & AUXILIARY EQUIPMENT, NEC [3728]
		ORGANIZATION NAME:           	04 Manufacturing
		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:		24811251

	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_123123.htm
<DESCRIPTION>NOTIFICATION OF LATE FILING
<TEXT>
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<!-- Field: Rule-Page --><div style="margin: 0; width: 100%"><div style="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->

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    <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; width: 15%; border: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">SEC
    FILE NUMBER</font></p>
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">001-11398</font></p></td></tr>
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    <td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td></tr>

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    <td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; border: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">CUSIP
    NUMBER</font></p>
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">125919308</font></p></td></tr>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 2.7in 0 1in; text-align: center; text-indent: 0.5in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>UNITED
STATES</b></font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 2.7in 0 1in; text-align: center; text-indent: 0.5in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>SECURITIES
AND EXCHANGE COMMISSION</b></font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 2.7in 0 1in; text-align: center; text-indent: 0.5in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Washington,
D.C. 20549</b></font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 2.7in 0 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>&nbsp;</b></font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 2.7in 0 1in; text-align: center; text-indent: 0.5in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>FORM
12b-25</b></font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 2.7in 0 1in; text-align: center; text-indent: 0.5in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0 2.7in 0 1in; text-align: center; text-indent: 0.5in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">NOTIFICATION
OF LATE FILING</font></p>

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

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

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 63pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
Period Ended: <u>December 31, 2023</u></font></p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 63pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;&nbsp;&nbsp;Transition Report on Form 10-K</font></p>

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

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 63pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;&nbsp;&nbsp;Transition Report on Form 10-Q</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 63pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;&nbsp;&nbsp;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"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 63pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
the Transition Period Ended: <u>&#9;</u></font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
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    <td style="font: 10pt Times New Roman, Times, Serif; padding: 6pt 0.1in; width: 100%; border: black 1pt solid; text-indent: 0"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Read
    Instructions (on back page) Before Preparing Form. Please Print or Type</i>.</font></p>
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0.95pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Nothing
    in this form shall be construed to imply that the Commission has verified any information contained herein.</b></font></p></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">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></font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>PART
I &#8211; REGISTRANT INFORMATION</b></font></p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><u>CPI
Aerostructures, Inc.</u></font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Full
Name of Registrant</font></p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><u>N/A</u></font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Former
Name if Applicable</font></p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><u>91
Heartland Blvd</u></font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Address
of Principal Executive Office <i>(Street and Number)</i></font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>&nbsp;</i></font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><u>New
York, New York 11717</u></font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">City,
State and Zip Code</font></p>

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

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

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">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)</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="font: 10pt Times New Roman, Times, Serif">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding: 2pt 0.1in; layout-grid-mode: line; width: 3%; vertical-align: middle"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; border-left: Black 1pt solid; padding: 2pt 0.1in; text-align: left; width: 9%; vertical-align: top"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; padding: 2pt 0.1in; text-align: left; vertical-align: top; width: 88%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding: 2pt 0.1in; layout-grid-mode: line; vertical-align: middle"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9746;&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; border-left: Black 1pt solid; padding: 2pt 0.1in; text-align: left; vertical-align: top"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; padding: 2pt 0.1in; text-align: left; vertical-align: top"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">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</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding: 2pt 0.1in; layout-grid-mode: line; vertical-align: middle"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; border-left: Black 1pt solid; padding: 2pt 0.1in; text-align: left; vertical-align: top"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; padding: 2pt 0.1in; text-align: left; vertical-align: top"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    accountant&#8217;s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.</font></td></tr>
  </table>

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

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>&nbsp;</b></font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify"><b>PART III &ndash; NARRATIVE</b></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-CEN, 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; text-align: justify">CPI Aerostructures, Inc. (the &ldquo;Company&rdquo;) is unable, without unreasonable
effort or expense, to file its Annual Report on Form 10-K for the fiscal year ended December 31, 2023 (&ldquo;Form 10-K&rdquo;) by the
prescribed due date as the Company requires additional time to finalize the calculation of a correction within Note 11 &ldquo;Income Taxes&rdquo;
to its deferred tax asset and deferred tax liability balances at December 31, 2022, which the Company has determined were each previously
overstated by between $2.0 to $3.0 million. At this time, the Company believes that there is no material impact to the previously reported
net deferred tax asset on its December 31, 2022 Balance Sheet, and believes that there is no material impact to the Company&rsquo;s previously
reported Net Income, Earnings Per Share or Cash Flow for the twelve months ended December 31, 2022. The Company is in the process of mitigating
the material weakness in internal controls that led to the aforementioned error. It is anticipated the Form 10-K will be filed with the
U.S. Securities and Exchange Commission within the prescribed deadline.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>PART
IV &#8211; OTHER INFORMATION</b></font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 10pt Times New Roman, Times, Serif; padding-right: 6pt; padding-left: 6pt; layout-grid-mode: line"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</font></td>
    <td colspan="3" style="font: 10pt Times New Roman, Times, Serif; padding-right: 6pt; padding-left: 6pt"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name
    and telephone number of person to contact in regard to this notification</font></p>
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 10pt Times New Roman, Times, Serif; width: 5%; padding-right: 6pt; padding-left: 6pt; layout-grid-mode: line"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; width: 32%; padding-right: 6pt; padding-left: 6pt"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><u>Andrew
    Davis</u></font></p>
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Name)</font></p></td>
    <td style="font: 10pt Times New Roman, Times, Serif; width: 32%; padding-right: 6pt; padding-left: 6pt"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><u>(516)</u></font></p>
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Area
    Code)</font></p></td>
    <td style="font: 10pt Times New Roman, Times, Serif; width: 31%; padding-right: 6pt; padding-left: 6pt"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><u>586-5200</u></font></p>
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Telephone
    Number)</font></p></td></tr>
</table>

<p style="margin: 0">&nbsp;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="font: 10pt Times New Roman, Times, Serif">
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 6pt; padding-left: 6pt; layout-grid-mode: line; width: 5%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(2)</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 6pt; padding-left: 6pt; layout-grid-mode: line; text-align: justify; width: 80%"><font style="font-family: Times New Roman, Times, Serif; 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="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; text-align: center; vertical-align: bottom; padding-right: 6pt; padding-left: 6pt; layout-grid-mode: line; width: 15%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9746;&nbsp;&nbsp;Yes&nbsp;&nbsp;&#9744;&nbsp;&nbsp;No</font></td></tr>
<tr style="font: 10pt Times New Roman, Times, Serif">
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 6pt; padding-left: 6pt; layout-grid-mode: line">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 6pt; padding-left: 6pt; layout-grid-mode: line; text-align: justify">&nbsp;</td>
    <td style="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; text-align: center; vertical-align: bottom; padding-right: 6pt; padding-left: 6pt; layout-grid-mode: line">&nbsp;</td></tr>

<tr style="font: 10pt Times New Roman, Times, Serif">
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 6pt; padding-left: 6pt; layout-grid-mode: line"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(3)</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 6pt; padding-left: 6pt; layout-grid-mode: line; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; 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="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; text-align: center; vertical-align: bottom; padding-right: 6pt; padding-left: 6pt; layout-grid-mode: line"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;&nbsp;&nbsp;Yes&nbsp;&nbsp;&#9746;&nbsp;&nbsp;No</font></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">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.&nbsp;</font></p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><u>CPI
AEROSTRUCTURES, INC.</u></b></font></p>

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

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

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></font></p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: top; text-align: left">
  <td style="width: 5%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Date:</font></td>
  <td style="border-bottom: Black 1pt solid; width: 30%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">April 1, 2024</font></td>
  <td style="width: 10%">&nbsp;</td>
  <td style="width: 5%">By:</td>
  <td style="border-bottom: Black 1pt solid; width: 30%">/s/ Andrew L. Davis</td>
    <td style="width: 20%">&nbsp;</td></tr>
<tr style="vertical-align: top; text-align: left">
  <td colspan="3">&nbsp;</td>
  <td>&nbsp;</td>
  <td>Andrew L. Davis</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top; text-align: left">
  <td colspan="3">&nbsp;</td>
  <td>&nbsp;</td>
  <td>Chief Financial Officer</td>
    <td>&nbsp;</td></tr>
</table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></font></p>

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

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 4.25in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 4.25in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">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.</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 10pt Times New Roman, Times, Serif; padding: 6pt 0.1in; width: 100%; border: black 1pt solid; text-indent: 0"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><a name="QuickMark"></a>ATTENTION</b></font></p>
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0.95pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Intentional
    misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001).</b></font></p></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></font></p>



<p style="margin: 0">&#160;</p>

<p style="margin: 0">&nbsp;</p>

<p style="margin: 0"></p>

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