Item 2. Properties
Item 2. PROPERTIES
CPI Aero’s executive
offices and production facilities are situated in an approximately 171,000 square foot building located at 91 Heartland Blvd.,
Edgewood, New York 11717. We use approximately 131,000 square feet of this building for manufacturing space and 40,000 square feet
for offices and laboratories for engineering and design work. CPI Aero occupies this facility under a lease that expires on April
30, 2023. On November 10, 2021, the Company executed the second amendment to the lease agreement for its manufacturing and office
space, which extends the lease agreement’s expiration date to April 30, 2026.
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