EX-5.1 2 file002.htm OPINION OF GRAUBARD MILLER


                                                                     EXHIBIT 5.1

                                 GRAUBARD MILLER
                              The Chrysler Building
                              405 Lexington Avenue
                               New York, NY 10174

                                December 2, 2005

CPI Aerostructures, Inc.
60 Heartland Blvd.
Edgewood, New York 11717

                  Re:      Registration Statement on Form S-8

Ladies and Gentlemen:

         Reference is made to the Registration Statement on Form S-8
("Registration Statement") filed by CPI Aerostructures, Inc. ("Company"), a New
York corporation, under the Securities Act of 1933, as amended ("Act"), with
respect to an aggregate of 400,000 shares of common stock, par value $.001 per
share ("Common Stock"), to be offered by the Company under the Company's
Performance Equity Plan 2000 ("2000 Plan").

         We have examined such documents and considered such legal matters as we
have deemed necessary and relevant as the basis for the opinion set forth below.
With respect to such examination, we have assumed the genuineness of all
signatures, the authenticity of all documents submitted to us as originals, the
conformity to original documents of all documents submitted to us as reproduced
or certified copies, and the authenticity of the originals of those latter
documents. As to questions of fact material to this opinion, we have, to the
extent deemed appropriate, relied upon certain representations of certain
officers and employees of the Company. We have also assumed that in granting
future awards under the 2000 Plan, the Board of Directors of the Company or the
appropriate committee thereunder will exercise its discretion in establishing
the terms of such awards within the permissible limits of the law of the State
of New York and the certificate of incorporation and by-laws of the Company.

         Based upon the foregoing, it is our opinion that the Common Stock to be
issued by the Company under the 2000 Plan, when sold in accordance with the
terms of the 2000 Plan and the individual instruments or agreements governing
their issuance, will be legally issued, fully paid and nonassessable, although
they may be subject to contractual restrictions established by the 2000 Plan or
the individual instrument or agreement.

         In giving this opinion, we have assumed that all certificates for the
Company's shares of Common Stock, prior to their issuance, will be duly executed
on behalf of the Company by the Company's transfer agent and registered by the
Company's registrar, if necessary, and will conform, except as to denominations,
to specimens which we have examined.

         We hereby consent to the use of this opinion as an exhibit to the
Registration Statement, to the use of our name as your counsel and to all
references made to us in the Registration Statement. In giving this consent, we
do not hereby admit that we are in the category of persons whose consent is
required under Section 7 of the Act, or the rules and regulations promulgated
thereunder.

                                    Very truly yours,
                                    /s/ Graubard Miller
                                    GRAUBARD MILLER