U.S. Aerospace, Inc. Announces Michael C. Cabral as President
September 17 2010 - 7:30AM
Business Wire
U.S. Aerospace, Inc. (OTCBB: USAE), a U.S. aerospace and defense
contractor, today announced that Michael C. Cabral has been
appointed its President.
Cabral, 49, has more than 30 years experience in the aerospace
industry, founded and has served as President of the Company’s
wholly-owned subsidiary, Precision Aerostructures, Inc., since
2006. He has served in various executive, manufacturing and quality
engineering capacities with McDonnell Douglas, The Boeing Company
(NYSE: BA), Hughes Helicopter Division, Honeywell International,
Inc. (NYSE: HON), Allied Signal Division, and Goodrich Corporation
(NYSE: GR), Rohr Industries Division, as well as serving with some
of the country’s leading aerospace engineering and manufacturing
subcontractors.
Cabral has designed, engineered and supplied precision aircraft
assemblies, structural aircraft components, and precision machined
details for Lockheed Martin Corporation (NYSE: LMT), L-3
Communications Holdings, Inc. (NYSE: LLL), the Middle River
Aircraft Systems subsidiary of General Electric Company (NYSE: GE),
and many other aerospace companies, defense contractors, and
aircraft manufacturers around the world.
"We look forward to working with Mike in this expanded role,"
said Randy Humphreys, a member of the board of directors. "His
industry experience will add value as we continue to increase our
production to meet anticipated growth."
In April 2010, U.S. Aerospace, Inc. announced it was realigning
its senior management as part of its strategic plan to diversify
the company around principles of globalization and the efficiencies
that can be offered to U.S. aerospace consumers – both military and
commercial – by taking advantage of the engineering capability,
manufacturing capacity, and lower cost of production offered by
U.S. Aerospace, Inc. overseas strategic partners.
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), L-3 Communications Holdings, Inc. (NYSE:
LLL), the Middle River Aircraft Systems subsidiary of General
Electric Company (NYSE: GE), 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.
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