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CPI Aerostructures total backlog increase by $28.4M

Company said "Our total backlog at March 31 increased by $28.4M to approximately $420.3M as compared to approximately $391.9 at December 31, 2012. This increase was attributable to a $42.3M increase in backlog on commercial programs, offset by a $13.9M decrease in backlog for military programs. Funded backlog increased to $81.9M, at March 31 from $52.3M at December 31, 2012, which was predominately the result of a $31.8M increase in funded backlog on commercial programs."