Formal Signing Ceremony for Strategic Cooperation Agreement
Senior Executives Begin Implementing Plan for Joint Business
LOS ANGELES--(BUSINESS WIRE)-- U.S. Aerospace, Inc. (OTCBB:USAE.ob - News), 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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