CPI AEROSTRUCTURES INC — Director's Dealing 2007

Apr 4, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CPI AEROSTRUCTURES INC (CVU)
CIK: 0000889348
Period of Report: 2007-04-02

Reporting Person: Bazaar Harvey J (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-04-02	Option to purchase common shares	$6.91	A	10000	Acquired	2012-03-31	Common shares (10000)	Direct
2007-04-02	Option to purchase common shares	$6.91	A	15000	Acquired	2012-03-31	Common shares (15000)	Direct

Footnotes

F1: This Statement confirms that the undersigned has authorized and designated Vincent Palazzolo or Edward J. Fred to execute and file on the undersigned's behalf all Forms 3, 4 and 5 (including any amendments thereto) that the undersigned may be required to file with the United States Securities and Exchange Commission as a result of the undersigned's ownership of or transactions in securities of CPI Aerostructures, Inc. The authority of Vincent Palazzolo and Edward J. Fred under this Statement shall continue until the undersigned is no longer required to file Forms 3, 4 or 5 with regard to the undersigned's ownership of or transactions in securities of CPI Aerostructures, Inc. unless earlier revoked in writing. The undersigned acknowledges that Vincent Palazzolo and Edward J. Fred are not assuming any of the undersigned's responsibilities to comply with Section 16 of the Securities Exchange Act of 1934.

F2: /s/ Harvey J. Bazaar Harvey J. Bazaar Dated: April 2, 2007