U.S. Aerospace, Inc (USAE)

[harryp97]

thanks for the info and gl

[ProfitScout]

There have been some articles that say USAE's protest will be ruled on by the GAO by Oct. 6th and others that give a November time frame. Either way, USAE plans to pursue its bid on the KC-X tanker project for the U.S. Air Force.

[harryp97]

U.S. Aerospace [USAE 0.08 0.0025 (+3.23%) ] is waiting for a decision which could come shortly from the GAO on whether the Air Force's denial of the company's tanker bid was unfair (the Air Force claims it was submitted five minutes past the deadline).

is there any specific decision date ??

[ProfitScout]

More USAE coverage from Reuters out now...

U.S. Aerospace names Worsham CEO-industry sources

Thu Sep 23, 2010 10:35am EDT

*Worsham is aerospace industry veteran

*Former CEO left as part of divestiture

WASHINGTON, Sept 23 (Reuters) - U.S. Aerospace Inc (USAE.OB), a Southern California-based aerospace contractor, has tapped industry veteran Jim Worsham as chief executive, industry sources said on Thursday.

Worsham, who previously held aerospace jobs with General Electric Co (GE.N) and the Douglas Aircraft unit of Boeing Co's (BA.N) McDonnell Douglas, has headed up aviation marketing and business development for the Southern California Logistics Airport for the last 10 years.

U.S. Aerospace announced earlier this month that its former chief executive, David Duquette, resigned that post as part of the divestiture of the company's machine-tool business [ID:nN15147827].

U.S. Aerospace attracted attention in July when it said it would partner with Antonov, the state-owned Ukrainian plane builder, to compete against Boeing and Airbus parent EADS (EAD.PA) for a multibillion-dollar contract to build a new generation of aerial refueling tankers for the U.S. military [ID:nN02192170].

In August, U.S. Aerospace filed a protest with the U.S. Government Accountability Office after its tanker proposal was rejected as late. (Reporting by Andrea Shalal-Esa, editing by Gerald E. McCormick)

http://www.reuters.com/article/idCNN2313723720100923

[Ikimota]

Another solid move.

[ProfitScout]

US Aerospace Names Worsham as CEO
Published: Thursday, 23 Sep 2010 | 9:38 AM ET

By: Jane Wells Correspondent

CNBC has learned that U.S. Aerospace, the small Los Angeles company which partnered with Ukrainian aircraft company Antonov to offer tankers to the U.S. Air Force, has named former Douglas Aircraft Company President Jim Worsham as CEO.

The company, launched earlier this year by a group of investors which took over defense subcontractor New Century, has been actively trying to beef up its C-suite. It's goal is to become a prime contractor in the defense and aerospace business by partnering with foreign manufacturers.

Worsham most recently worked as head of marketing and business development for the Southern California Logistics Airport. In addition to running Douglas Aircraft in the ‘80s, Worsham also spent over 30 years in General Electric’s [GE 16.275 -0.225 (-1.36%) ] aircraft engine division.

U.S. Aerospace [USAE 0.08 0.0025 (+3.23%) ] is waiting for a decision which could come shortly from the GAO on whether the Air Force's denial of the company's tanker bid was unfair (the Air Force claims it was submitted five minutes past the deadline).

Jane Wells CNBC Reporter

The company may hope to highlight Worsham’s past experience with programs like the KC-10A tanker.

Worsham also initiated aircraft leasing in China, and today, U.S. Aerospace will be welcoming officials from China’s AVIC International Holding to California. AVIC is an aircraft company that U.S. Aerospace has partnered with to bid for military helicopters in New Zealand.

© 2010 CNBC.com

Topics:CEOs and CFOs | Transportation
Companies:General Electric

http://www.cnbc.com/id/39323443?__source=yahoo%7Cheadline%7Cquote%7Ctext%7C&par=yahoo

[bustermove]

I'm adding,to my small
This is a one way ticket down in my opinion,enjoy the red tape and make it your new friend.Go baggies

[Ikimota]

I'm gonna keep adding. Anything under a dime could prove to be a real steal.

[zimara81]

This is another that I like. Low float especially for a penny. Company has contracts and "real" media attention, no bullshit website, msnbc has interviewed the board chairman. This stock has potential. It will be in the .50 range just on speculation.

[zimara81]

This is another that I like. Low float especially for a penny. Company has contracts and "real" media attention, no bullshit website, msnbc has interviewed the board chairman. This stock has potential. It will be in the .50 range just on speculation.

[scriznik]

USAE float = 32 million per a recent post.

[Ikimota]

I'm seeing a low number of shares out there compared to others in the penny land. I think the float is 24million or so.

[scriznik]

True enough, though there is already a lot meeting my eyes here.

[Ikimota]

If people with deeper pockets than mine keep expressing an interest in investing in this company, I'm guessing there is more there than meets the eye. I'll follow the money.

[scriznik]

Nice adds. USAE seems dramatically undervalued at the current pps.

[Ikimota]

I added some more today and will continue to do so at the low prices. There are many things going on here besides the Airforce contract.

[ProfitScout]

The section in today's news about AVIC potentially buying USAE stock is very interesting...

In addition, the parties have agreed to negotiate in good faith to invest together in the United States, including the purchase of manufacturing facilities, and for AVIC to invest in the Company, including the potential purchase of USAE stock.

[ProfitScout]

The very large size of the new aircraft manufacturing business in today's news is pretty impressive. When they start announcing any new contracts from this partnership (and/or the one with Antonov) we should see pretty impressive rewards for USAE stockholders too.

[ProfitScout]

U.S. Aerospace, Inc. and AVIC International Holding Corporation Enter into Strategic Cooperation Agreement

Parties Anticipate Bidding on at Least $100 Million in Potential Orders in First Year

LOS ANGELES, Sep 20, 2010 (BUSINESS WIRE) -- U.S. Aerospace, Inc. (OTCBB: USAE), a U.S. aerospace and defense contractor, today announced that the Company has entered into a Strategic Cooperation Agreement with Supply Chain Management & Procurement of AVIC International Holding Corporation (AVIC) of China. The agreement sets forth a framework for collaborating in the manufacture, importing and exporting of aircraft components and equipment. It is anticipated that the parties will bid on at least US $100 million in potential orders in the first year.

Under the agreement, the Company will provide AVIC with potential projects on which the parties can jointly bid, or specifications for aircraft parts and components to be manufactured by AVIC for the Company or its customers. AVIC will supply all personnel, materials, facilities and other resources necessary to perform the work. Minimal annual delivery values are set through 2015.

In addition, the parties have agreed to negotiate in good faith to invest together in the United States, including the purchase of manufacturing facilities, and for AVIC to invest in the Company, including the potential purchase of USAE stock.

"Building long-term relationships with leading international aircraft manufacturers like AVIC greatly enhances our production and pricing capabilities," commented Michael C. Cabral, President of U.S. Aerospace, Inc. "Partnering with AVIC advances our ability to bid for, secure and perform work we have previously turned away or did not pursue. Increased globalization and international cooperation will benefit both companies and all of their stakeholders."

About AVIC International Holding Corporation

AVIC International Holding Corporation, based in Beijing, China, is a comprehensive multinational platform that owns 6 listed companies and 60 international offices with businesses in world aviation, commercial aircraft sales and service, international cooperation and subcontract production, global tendering and bidding, and many other areas. AVIC brings to bear the powerful manufacturing capabilities of the China aviation industry and over 30 years of aircraft manufacturing and sales experience. AVIC's accumulated import and export trade volume exceeds US $40 billion.

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 - 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. 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.

SOURCE: U.S. Aerospace, Inc.


CONTACT:
For U.S. Aerospace, Inc. Media and Investor Relations Richard Watkins, 386-409-0200
Copyright Business Wire 2010

-0-

KEYWORD: United States
North America
California
INDUSTRY KEYWORD: Manufacturing
Aerospace
Other Manufacturing
Defense
Contracts
Other Defense
SUBJECT CODE: Contract/Agreement

[Ikimota]

Thanks.

[ProfitScout]

Check the iBox of this board. All the progressive developments USAE has been putting into place for the past months are pasted there. They are clearly building a substantial new Aerospace manufacturing company in USAE now with partnerships to some of the most important names in the industry. The CNBC interviews we saw this week show that the company is starting to get noticed now.

Note: If you don't see the iBox aera find the tab that says "Show iBox" near the top of the page. Click it and so it changes to "Hide iBox" and then you will have access to all the USAE info in there.

[Ikimota]

That is what I had concluded and wanted to see how others felt. I doubled my position today. There are not many penny stocks that I will hold long. This looks like it might be one of the few that I do as things are being put into place for a good return. I like the transparency of things. They don't seem to be playing games.

[ProfitScout]

That actually means they regard USAE stock as being worth more than .13 going forward. Also, see the April PR below (from before the company name was changed from New Century (NCNC) to U.S. Aerospace (USAE). All of these board members have their options priced at .13/share too. Everyone expects this stock will be worth well north of that mark.
--------------------------------------------------------

New Century Companies, Inc. Adds Six New Members to Board of Directors

Significantly Expands Aerospace Industry, Finance and Business Expertise

LOS ANGELES, Apr 08, 2010 (BUSINESS WIRE) -- Aerospace company New Century Companies, Inc. (OTCBB: NCNC) announced today the appointment of six new members to its Board of Directors, significantly expanding the depth and breadth of the Board's business, financial and sales capabilities throughout the aerospace industry.

"I am incredibly impressed with the background and experience of my colleagues," commented new Chairman of the Board, Jerrold S. Pressman, "We are honored to assist the Company in continuing its growth strategy as it becomes a world class aerospace manufacturer." The new directors are:

-- Jerrold S. Pressman, founded Master Protection Corporation, now a division of Tyco International Ltd. (NYSE: TYC). Principal advisor to True Position Technologies, Inc., manufacturing precision machined parts and assemblies for aircraft, aerospace, and commercial industries. Chairman of EPD Investment Co., LLC. Served Federal Government for 10 years as Co-Chairman of Board of Visitors, via appointments from two U.S. Presidents, and represented FEMA with the U.S. Congress and state emergency management agencies.

-- Michael J. Goldberg, director and CEO of IDO Security Inc. (OTCBB: IDOI), designs and develops homeland security devices for airport screening. Former director of aerospace company Kreisler Manufacturing Corporation (NASDAQ: KRSL), manufacturing precision machined components and high-quality engineered assemblies for military and commercial aircraft engines. Consultant for OAO Corporation, now the Technology Services unit of Lockheed Martin Corporation (NYSE: LMT).

-- James D. Henderson, former Chief of the Los Angeles Strike Force on Organized Crime and Racketeering for the United States Department of Justice. Twenty years in private practice in U.S. Securities Exchange Act compliance, SEC investigations, and enforcement of Federal statutes and regulations.

-- Michael C. Cabral, founded Precision Aerostructures, Inc., and has designed and engineered precision aircraft components for Lockheed Martin Corporation (NYSE: LMT), L-3 Communications Holdings, Inc. (NYSE: LLL), and General Electric Company (NYSE: GE). Previously worked for McDonnell Douglas, The Boeing Company (NYSE: BA), Honeywell International, Inc. (NYSE: HON), and Goodrich Corporation (NYSE: GR).

-- Randall D. Humphreys, Chairman and Managing Director of Glenwood Capital, LLC, providing operational and turnaround management consulting, and principal investing in private and public companies. Director and strategic advisor to multiple public and private companies.

-- Kenneth J. Koock, retired Vice-Chairman of investment bank M.H. Meyerson & Co., Inc. Involved with raising hundreds of millions in equity funding through IPOs, follow-on public financings and private placements. Chairman of Angstrom Technologies, Inc., specializing in security and detection systems, and director of numerous public companies.

The new directors join the Company's current Chief Executive Officer David Duquette on the board:

-- David Duquette has manufactured machine tools for aircraft engine components, landing gear, and aerostructure parts for General Dynamics Corporation (NYSE: GD), Northrop Grumman Corporation (NYSE: NOC), and McDonnell Douglas Corporation. Founded US Machine Tools, sold to Bendix Corporation, now a division of Honeywell International, Inc. (NYSE: HON). Began at Pratt & Whitney Aircraft Division of United Aircraft Corporation, now United Technologies Corporation (NYSE: UTX).

Full biographies of each of the members of the Board of Directors are available on the Company's website at http://www.NewCenturyInc.com.

About New Century

New Century Companies, Inc. is a publicly traded aerospace company based in Southern California. New Century is an emerging world class supplier of aircraft assemblies, structural components, and highly engineered, precision machined details for the United States Department of Defense, United States Air Force, Lockheed Martin Corporation (NYSE: LMT), The Boeing Company (NYSE: BA), L-3 Communications Holdings, Inc. (NYSE: LLL), the Middle River Aircraft Systems subsidiary of General Electric Company (NYSE: GE), and other aerospace companies, aircraft manufacturers and defense contractors. The Company 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. New Century has offices and production facilities in Santa Fe Springs and Rancho Cucamonga, California.

For more information, please visit the Company's website at www.NewCentCos.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, limited operating history, intense competition, and difficulty in developing and manufacturing products and technologies; 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.

SOURCE: New Century Companies, Inc.

[Ikimota]

I would think the stock should hover around 13 cents a share or more based upon the fact the debt holders of 1/2Million can convert notes into common stock at $0.13 per share. Any thoughts?

http://www.usaerospace.com/us-aerospace-inc-obtains-50000000-additional-funding-and-extends-remaining-debt-one-full-year

[ProfitScout]

U.S. Aerospace, Inc. Announces Michael C. Cabral as President

Sep. 17, 2010 (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.

For U.S. Aerospace, Inc.

Media and Investor Relations:

Richard Watkins, 386-409-0200



Source: Business Wire (September 17, 2010 - 8:30 AM EDT)

News by QuoteMedia

[zimara81]

This will rebound. Back to .10

[ProfitScout]

Everyone make sure to watch the extended version of the CNBC video which was provided to us yesterday. This version is twice as long as the original which aired on CNBC TV and contains a lot more information on all that is developing with USAE now.
-----------------------------------------------------------

To view the “extended version” of the CNBC Exclusive Interview, please visit http://www.cnbc.com/id/39175113

[choctaw]

Profit, thanks. glta

[ProfitScout]

Reuters UPDATE: U.S. Aerospace sells machine-tool unit

* Sale to free resources to focus on aerospace

* Company expects gain tied to divestiture

ATLANTA, Sept 15 (Reuters) - U.S. Aerospace Inc (USAE.OB), a Southern California-based contractor that filed a protest after its bid for a U.S. multibillion-dollar contract to build aerial tankers was rejected, said on Wednesday that it had sold a non-aerospace unit.

In a statement, U.S. Aerospace said the New Century Remanufacturing Inc unit, a machine-tool manufacturing business, was divested. The company said it expected to book a gain of more than $1 million on the sale in the current quarter.

A company spokesman said the unit was sold back to its original owners, who include David Duquette, who has resigned his post as U.S. Aerospace chief executive officer and as a company board member. Duquette will remain with New Century Remanufacturing, the company said.

U.S. Aerospace attracted attention in July when it disclosed plans to enter the hotly contested competition to build a new generation of aerial refueling tankers for the U.S. Air Force.

In August, the company filed a protest with the Government Accountability Office after its proposal was rejected as late [ID:nN05255375]. The GAO is due to render a decision on the matter.

Boeing Co (BA.N) and Airbus parent EADS (EAD.PA) submitted bids in the politically charged tanker contest.

U.S. Aerospace said the divestiture of the unprofitable machine tool operations would allow management to focus on expanding the aerospace business. (Reporting by Karen Jacobs; Editing by Lisa Von Ahn)

[Churak]

then how come it is currently looking like crap?

[MoneyMan]

They repeated that USAE investors brought in $500m dollars with the new board and retooling of company.

We have some SERIOUS deep pockets behind this one.

[ProfitScout]

CNBC Publishes Extended Version of U.S. Aerospace, Inc Exclusive Interview

LOS ANGELES--(BUSINESS WIRE)--U.S. Aerospace, Inc. (OTCBB: USAE - News), a U.S. aerospace and defense contractor, announced that CNBC has published an extended version of its Exclusive Interview with Mr. Michael Goldberg, a member of the Board of Directors, which was conducted by Mrs. Jane Wells on CNBC at 11:50am EDT September 14, 2010.

To view the “extended version” of the CNBC Exclusive Interview, please visit http://www.cnbc.com/id/39175113

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 - 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. 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.


Contact:
For U.S. Aerospace, Inc.Media and Investor Relations
Richard Watkins, 1-386-409-0200

[HDOGTX]

Nice info in that 8k!

[ProfitScout]

U.S. Aerospace, Inc. Divests Unprofitable Non-Aerospace Business Unit

David Duquette Resigns as Director and CEO

LOS ANGELES, Sep 15, 2010 (BUSINESS WIRE) -- U.S. Aerospace, Inc. (OTCBB: USAE), a U.S. aerospace and defense contractor, announced that it has divested the Company's machine tool manufacturing business unit, New Century Remanufacturing, Inc. (NCR). David Duquette and Josef Czikmantori will remain with NCR, and have resigned all positions with the Company.

"The divesture of this unprofitable business unit is the next step in the transformation of U.S. Aerospace, Inc. into a modern aerospace defense firm, whose growth will be fueled by exploiting our own advanced engineering abilities as well as the manufacturing capabilities and cost advantages of our international partners," commented Randall D. Humphreys, Director and member of the Company's Audit Committee. "Subject to contingencies we anticipate booking an estimated gain of over $1 million this quarter as a result of the sale, and more importantly will eliminate any drain on our financial resources and senior management's focus on growing our aerospace business."

Duquette has resigned as CEO of U.S. Aerospace, Inc. and as a member on the Board of Directors. Czikmantori has resigned as Secretary of the Company; he had previously resigned from the Board. "We thank Messrs. Duquette and Czikmantori for their service, and wish them the best of luck with NCR," said Humphreys.

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 - 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. 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.

SOURCE: U.S. Aerospace, Inc.



CONTACT:
For U.S. Aerospace, Inc. Media and Investor Relations Richard Fixaris, 1-386-409-0200
Copyright Business Wire 2010
-0-

[mt77]

USAE on the right track, from small comapny to big one in the news. Going after Big govermnent contract give credibilities to the company. They know they are competing with bigger one but have advantage of saving money. Also, they play the game right. Any defense contracts comes with it the sub-contractors. By law y whoever wins it will give parts of the contract to small companies. They are with big boys but even if they do not win, deals behind doors will give them a peice of the contracts. That is how business work, you knock big doors and big one willing to deal if you make a deal. Eventually USAE going big with other contracts overseas. also, but they are in positions to attract big investors (us and oversees) to invest and move this ship to prosper...This stock holding well The float is small might attract a buyout or merger, keep watching this soon might go over .5 and up from there. Any news that defence accept the bid will make this run crazy and if they win all or part of the deal, then we are talking big runs, Remmeber the are bidding all over the world, all my opinion

[putare]

More news going to book a $1,000,000 gain and get rid of dead weight.

[ProfitScout]

Longer term, USAE should advance significantly higher. There is much more developing here than what was covered in the 5 minute CNBC interview today. All of the USAE news has been pasted into the iBox of this board so take a look there. Also review the recent Shareholder's Letter (below).

U.S. Aerospace, Inc. Chairman of the Board, Jerrold S. Pressman Issues Letter
LINK: http://finance.yahoo.com/news/US-Aerospace-Inc-Chairman-of-bw-680863842.html?x=0&.v=1

[zimara81]

Per the graph, this stock will top .15 which is the top of the range and then trickle down to .09. Buy the open around .105 hopefully and play it for a few pennies.

[ProfitScout]

U.S. Aerospace, Inc. Featured on CNBC Exclusive Interview

LOS ANGELES, Sep 14, 2010 (BUSINESS WIRE) -- U.S. Aerospace, Inc. (OTCBB: USAE), a U.S. aerospace and defense contractor, announced that Mr. Michael Goldberg, a member of the Board of Directors was interviewed by Mrs. Jane Wells in a CNBC Exclusive segment at 11:50am eastern.

To view the interview in its entirety, please visit the Company's homepage at www.usaerosapce.com or www.cnbc.com. For direct access to the video interview please also click http://www.cnbc.com/id/15840232/?video=1591246920&play=1.

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.

SOURCE: U.S. Aerospace, Inc.


CONTACT:
For U.S. Aerospace, Inc. Media and Investor Relations
Richard Fixaris, 1-386-409-0200

Copyright Business Wire 2010
-0-

[ProfitScout]

I see the company has now put today's CNBC video interview onto the main page of their own website: http://www.usaerospace.com

It would be nice to have a press release on this too.

[Bull Trader]

could be. was a great trade from .10 to .14 and the company is going to be in the news A LOT - they have their hearing on their bid in October... CNBC stated they will be "following the story"

[ProfitScout]

Very nice recap of the CNBC interview. Thanks for posting it. Also remember anyone can re-watch the video at this link:
http://www.cnbc.com/id/15840232?video=1591246920&play=1

[di4]

CNBC: Michael Goldberg a director on the board of US Aerospace

LA company partnered with Antonov, a Ukrainian plane builder to make this bid on what could be the biggest defense contract ever.

More than 15 to 20 million $ per plane cheaper + savings on maintenance of planes

GAE agrees to rule on US Aerospace protest who says they were told that the bid was delivered 5 minutes late. They were 45 minutes early and waiting for a rep to come down to take the bid. They have sign in records to prove this.

Company is hoping to bid on New Zealand Transport Aircraft as well.

Company is looking for strategic mergers and growing own business.

Tanker contract brings 20,000 direct jobs and 30,000 indirect jobs to US.

Antonov plane has as many US parts as boeing plane and the EADS plane.

Antonov builds superior planes and it will give warfighters the best plane and most bang for the buck.

GAO agreed to rule on protest as early as October 6.

CNBC plans to follow the story.

[stocksurgeon]

Taking a starter!

[ProfitScout]

The CNBC website has now posted the full interview with USAE's Michael L. Goldberg and Jane Wells...
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The Call: Day Trading, Up to the Minute Market News and Coverage on TV - CNBC

Airtime: Tues. Sept. 14 2010 | 11:56 AM ET

The air force hopes to pick a winner in its $35 billion tanker competition, with Michael Goldberg, U.S. Aerospace boardmember, and CNBC's Jane Wells.
Direct Link:
http://www.cnbc.com/id/15840232?video=1591246920&play=1

[GOLDMAN007]

good long term play IMO

[Bull Trader]

ya i heard that!!! check filings.... they said it happened during the restructure. HMMMMMM!!!

[ProfitScout]

Very good interview by Mr. Goldberg with Jane Wells just now. I will see if I can find a video link on the CNBC site later and post it here for anyone who did not see the segment live. This attention is certainly giving USAE a great swell of trading volume today.

[MoneyMan]

Where is the info on new board bringing $500m to the table?

[Bull Trader]

yup!!!! What a great interview! CNBC stated they will be "following the story" !!!!!