U.S. Aerospace, Inc. to Bid on Military Transport Aircraft for New Zealand
July 27 2010 - 8:00AM
Business Wire
U.S. Aerospace, Inc. (OTCBB: USAE), a U.S. aerospace and defense
contractor, today announced that it has submitted to the Defence
Minister of New Zealand notice of the Company’s intent to bid to
supply maritime surveillance and military transport aircraft. The
requirements under this proposal will be outlined in the country’s
defence review document, a White Paper due to be released in
September 2010.
“U.S. Aerospace, Inc. is pleased to present New Zealand with a
cost efficient aircraft solution to support its surveillance and
transport programs,” said U.S. Aerospace, Inc. director Michael L.
Goldberg. “We believe that our aircraft would be the most practical
solution to performing transport and maritime surveillance work in
the South Pacific, including assistance with disaster relief and
humanitarian aid.”
About U.S. Aerospace, Inc.
U.S. Aerospace, Inc. is a publicly traded aerospace and defense
contractor based in Southern California. U.S. Aerospace is an
emerging world-class supplier on projects for the U.S. Department
of Defense, U.S. Air Force, 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. It is also a leading manufacturer and
remanufacturer of specialized aircraft machining tools, including
vertical boring mills and large Vertical Turning Centers used to
manufacture the largest jet engines, airplane landing gear, and
other precision components. U.S. Aerospace has offices and
production facilities in Santa Fe Springs and 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, that may cause actual results to
differ materially from stated expectations. These risk factors
include, among others, dependence on its key supplier, 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.
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