AVIC International Holding Corporation Sends Delegation To U.S. Aerospace, Inc.
07 Outubro 2010 - 9:32AM
Business Wire
U.S. Aerospace, Inc. (OTCBB:USAE), a U.S. aerospace and defense
contractor, today announced that senior executives from Supply
Chain Management & Procurement of AVIC International Holding
Corporation of China met in Southern California with the Company’s
senior management team for the official signing ceremony of the
parties’ Strategic Cooperation Agreement. The parties also began
the process of implementing plans for the parties to jointly
develop business opportunities.
“AVIC is one of the world’s leading aircraft companies, and we
are very pleased to add their enormous manufacturing capabilities
to our own,” said CEO Jim Worsham. “We look forward to expanding
our joint capacity to service U.S. based aerospace projects. Our
cooperation with AVIC extends and deepens our strategic
international relationships by providing a strong financial partner
and a more comprehensive portfolio of solutions and services, all
to the benefit of our customers in the U.S. and worldwide.”
Photographs of the contract signing ceremony are posted on the
Company website at http://www.USAerospace.com.
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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