International Aerospace Lands $5.4 Million Government Contract
International Aerospace Enterprises Inc. (IARO), which competes with companies like Ducommun Inc. (DCO) and BE Aerospace Inc. (BEAV), announced that it received a $5.4 million contract for military aircraft spare parts that more than doubles its first year sales projections.
International Aerospace Enterprises, Inc. [[IARO.OB]] today announced that the Company has received a contract of $5.4 million USD for military aircraft spare parts. The contract calls for the delivery of parts prior to the end of this fiscal year.
John Peck, IAE’s Chief Executive Officer stated, “The addition of this contract in conjunction with IAE’s previous contracts total $10,250,000 USD in sales for the first 9 1/2 months of operations which more than doubles the Company’s projected $5 million USD in sales for its first year of operations.
Mr. Saffet Uslu, IAE’s President, stated, “I believe the Company still could receive additional contracts for military aircraft spare parts before the close of our 2009 fiscal year.”
Mr. Peck and Mr. Uslu each emphasized how important achieving these new sales levels is for the Company and its future operations. For example, the Company is currently in negotiations to establish a $50,000,000 USD line of credit to be used for future acquisitions of military aircraft spare parts inventories.
IAE’s shareholders can follow the progress of these negotiations as it is reported in upcoming news releases or posted on the Company’s website: www.IAE247.com.
About International Aerospace Enterprises, Inc.
International Aerospace Enterprises, Inc. (OTCBB:IARO) is an innovative and aggressive provider of discounted military aircraft spare parts for U.S. Ally partners throughout the world. The company offers inexpensive and shipment ready aircraft spare parts for both military and commercial aircraft users that meet all industry standards for quality manufacturing.
Note: Certain Statements in this news release may contain forward-looking information within the meaning of rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Act of 1934 and are subject to the safe harbor created by those rules. We use words such as ‘anticipate,’ ‘believe,’ ‘expect,’ ‘future,’ ‘intend,’ ‘plan,’ and similar expressions to identify forward-looking statements. These statements including those related to being in a large and growing market, exhibiting rapid growth characteristics, and having a growing strategy, are forward looking statements. These forward looking statements are only predictions and are subject to certain risks, uncertainties and assumptions. Some of the risks, uncertainties and assumptions that could cause actual results to differ materially from estimates or assumptions in this press release include the risk that we will not be able to grow our revenues and market share, the risk that our prices do not remain competitive and the risk that we will not achieve profitability. Additional risks are identified and described in the Company’s public filings with the Securities and Exchange Commission, including our most recent Report on Form 10-KSB and Reports on Form 10-QSB and Form 8-K. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company’s past performance is not necessarily indicative of its future performance. The Company does not undertake, and the Company specifically disclaims, any obligation to update any forward-looking statement to reflect occurrences, developments, events, or circumstances after the date of such statement.
View International Aerospace Enterprises Annual Report
CONTACT: Daniel Minton, Managing Director, 406-862-5400, daniel@accelerize.com