AVIC International Holding Corporation Invites U.S. Aerospace, Inc. To Airshow China 2010

U.S. Aerospace, Inc. (OTCBB: USAE), a U.S. aerospace and defense contractor, today announced that Supply Chain Management & Procurement of AVIC International Holding Corporation has invited the Company to attend the Eighth China International Aviation and Aerospace Exhibition, known as Airshow China 2010, held in Zhuhai City of Guangdong Province from Nov. 16 to Nov. 21, 2010.

Jim Worsham, CEO of U.S. Aerospace, Inc. commented: “We look forward to attending Airshow China 2010 and further strengthening our relationship with AVIC International Holding Corporation, as we discuss future orders and continue to develop the working relationship between our organizations.”

U.S. Aerospace, Inc., entered into a Strategic Cooperation Agreement with Supply Chain Management & Procurement of AVIC International Holding Corporation (AVIC) of China. The agreement sets forth a framework for collaborating in the manufacture, importing and exporting of aircraft components and equipment. The agreement provides for the parties to bid on at least US $100 million in potential orders in the first year.

About Airshow China 2010

The China International Aviation and Aerospace Exhibition is the only international aerospace trade show in China that is endorsed by the central Chinese government. It features the display of real-size products, trade talks, technological exchanges and a flying display. Since 1996, the show has been successfully held in Zhuhai in every even-numbered year for seven sessions.

About AVIC International Holding Corporation

AVIC International Holding Corporation, based in Beijing, China, is a comprehensive multinational platform that owns 6 listed companies and 60 international offices with businesses in world aviation, commercial aircraft sales and service, international cooperation and subcontract production, global tendering and bidding, and many other areas. AVIC brings to bear the powerful manufacturing capabilities of the China aviation industry and over 30 years of aircraft manufacturing and sales experience. AVIC’s accumulated import and export trade volume exceeds US $40 billion.

About U.S. Aerospace, Inc.

U.S. Aerospace, Inc. is a publicly-traded aerospace and defense contractor based in Southern California. The Company is an emerging world-class supplier on projects for the Lockheed Martin Corporation (NYSE: LMT - News), L-3 Communications Holdings, Inc. (NYSE: LLL - News), the Middle River Aircraft Systems subsidiary of General Electric Company (NYSE: GE - News), and other aerospace companies, commercial aircraft manufacturers and prime defense contractors. The Company supplies aircraft assemblies, structural components and highly-engineered, precision-machined details for commercial and military aircraft. The Company has offices and production facilities in Rancho Cucamonga, California.

For further information please visit the Company’s website at http://www.USAerospace.com.

Forward Looking Statements

Except for statements of historical fact, the matters discussed above are forward looking and made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect numerous assumptions and involve a variety of risks and uncertainties, many of which are beyond the Company's control, may cause actual results to differ materially from stated expectations. These risk factors include, among others, dependence on its key suppliers and international partners, limited capital resources, intense competition, government regulation, complications and risks related to bidding on government contracts, and difficulty in aerospace product and parts manufacturing; as well as additional risks factors discussed in the reports filed by the Company with the Securities and Exchange Commission, which are available on its website at http://www.sec.gov. Except as required by law, the Company undertakes no obligation to update any information.

US Aerospace (CE) (USOTC:USAE)
過去株価チャート
から 11 2024 まで 12 2024