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HEY CAPITAL GAINS!! WAKE UP!!
Anything new going on
Throw us a bone here!
LOL
GD
Hey Scout, what's up
Still own some of this, great story
Looking forward to hearing more from the company
GD
Thanks for the new story link and your comments, ICGGRASSBII. One thing however, these stories about the Presidental hellicopter contract are based on the USAE/AVIC partnership (not the Antonov one). USAE does still have its agreement with Antonov and we may also see further projects develop on that side going forward. Remember, originally USAE partnered with Antonov to bid on the Air Force KC-X Tanker Aircraft contract. Thanks again for your info and keep posting what you find to this board. We appreciate it.
New York Senator Charles Schumer bashes USAE and California doesn't even flinch. http://www.schumer.senate.gov/mobile/record.cfm?id=330983&
I'm the newb. I've been following the Antonov/USAE story. My hometown is Victorville, CA. I can't beleive the California politicians aren't fighting back to get these contracts. We need the jobs. Mr. Worsham is well known here and if he is still as sharp as he used to be. He is a force to be reckoned with. Lately we have been sending letters to the politicians asking for their support to gain these contracts. New York is bashing which means we may be gaining ground. I bought shares to support this company and I hope we manage to bring some jobs to the Ol' George AFB(SCLA). If millions of people in the US can fly on Boeings Chinese assembled 700 series than why can't the president fly on Chinese assembled helicopters? I personally do not want to work until I am 100 years old and if we keep spending the way we are that's what will happen.
Of course if I received benefits like the politicians working until I was 100 probably wouldn't be so bad. Worsham has political contacts. It's time he garnered their support. All 53+2 of them.
True indeed...I personally can't wait for the next piece of news from AVIC or US Aerospace!
When USAE and AVIC teamed up in September we saw they intended to pursue at least $100 Million in new aerospace business (see below). All the news lately suggests that figure may go even higher.
---------------------------------------------------------------
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
Yeah I am hoping some of the tertiary countries will make a play on a few of these birds...then we're going to the promised land!
http://www.fool.com/investing/general/2010/07/08/boeing-bushwhacked-pentagon-laughs.aspx?source=isesitlnk0000001
I agree on the Janes. Saw this article in hardcopy myself and was floored to realize I was reading about my penny stock. Janes is the Holy Grail of military technologies!
Realize this whether the U.S. accepts even one of these bids....Other countries will pounce on their prices....
USAE is going to blow up like the god father!
http://www.scmp.com/portal/site/SCMP/menuitem.2c913216495213d5df646910cba0a0a0/?vgnextoid=b2b763266a6fd210VgnVCM100000360a0a0aRCRD&vgnextfmt=teaser&ss=China&s=News
You have to pay to see it!!!
South China Morning Post:
China Bid To Sell US 'Copters Just Spin?
CPP20110208715027 Hong Kong South China Morning Post Online in English 0800 GMT 08 Feb 11
[Report by Irene Jay Liu: "China Bid To SellUS'Copters Just Spin?"; headline as provided by source]
China wants to bid for the contract to build the next US presidential helicopter, and build a brand for its defence industry in the process.
State-run aviation giant the Aviation Industry Corporation of China (AVIC), is teaming up with a small, struggling American defence contractor to prepare bids for two US military contracts, including one to replace the ageing presidential helicopter fleet Marine One, a person familiar with the deal said.
No final decision has been made yet, and AVIC and its partner, US Aerospace, still have to iron out their co-operation agreements before they can go ahead with the plan.
Even if they decide to proceed with the bidding, Chinese observers say they are highly unlikely to win the contracts. They suspect the move is more about burnishing the image of China's defence industry in the international arms market.
State media outlets have already begun touting its significance as a symbol of China's emergence as a global player in the high-end military arms industry.
In an interview in the state-run Global Times , Chen Hu, editor-in-chief of the Beijing-based World Military Affairs magazine, said AVIC's potential bid was an indication of Chinese military industrial enterprises' "great strides in technology and production capacity".
And, speaking in terms that will no doubt feed directly into America's fears about military outsourcing, Chen said: "AVIC will benefit from the co-operation if they win the bid, since the company has to update its original technologies to produce helicopters that meet US civil aviation technology standards."
In an interview on China National Radio, Xia Qunlin, vice-president of Avicopter, AVIC's helicopter manufacturer, declined to confirm or deny the report of a possible bid. But Xia said his company's successful test flight of the AC313 - the helicopter that would be offered for the Marine One contract - meant China had fully mastered large helicopter technology and could compete on the international market.
"Only very few countries in the world can produce 13-tonne helicopters. The Russian one has a smaller payload than ours. The French one is also smaller than ours - at only 11 tonnes. We are confident that our helicopters can compete with the world's best. We are proud of that."
If AVIC won the bid, it would be the first Chinese arms sales to the US. The idea of China being ready to bid for US military contracts itself is highly symbolic and is a clear indication of the Chinese defence industry's surging ambition and confidence.
Likely competitors for the Marine One contract include the Agusta Westland AW101 and the Sikorsky S-92 medium-lift helicopters.
Analyst Antony Wong Dong, president of the International Military Association in Macau, said that while China is technically qualified to bid on US military contracts because all its military weapons followed the US army's standard, politics in the US would scuttle any chance of a successful bid.
"It's impossible for the US army to accept China-made aircraft, even though the prices are much lower," Wong said.
"But AVIC still takes part in the game because it realises that its participation will provide free propaganda to polish its image in the international arms market, and tell its potential clients that China's aircraft industry technologies are able to compete with US and European competitors."
AVIC is also preparing a bid for the US Air Force's T-X programme, which is expected to see the purchase of around 400 advanced jet trainers to be used to train pilots to fly the US F-22 and F-35 stealth fighters. For that proposal, AVIC would offer the Hongdu L-15 Falcon advanced jet trainer, which made its international debut at the Dubai Air Show in November 2009.
In preparing the bids, AVIC - which in 2009 made the list of Forbes' Global 500 largest companies - is partnering with unprofitable military contractor US Aerospace (USAE), according to a person familiar with the negotiations between the two firms . Trade publication Jane's Defence Weekly , quoting USAE lawyer John Kirkland, first reported the planned bids.
Kirkland, who d6who declined to comment for this story, made waves in March last year when he announced to the media that Russia's United Aircraft Corporation, in partnership with an unnamed American company, was planning to submit a proposal for the US Air Force's US$50 billion KC-X aerial refuelling tanker modernisation programme. UAC quickly denied the reports and the bid never materialised.
While both sides are working together to prepare bids, the two companies have not yet reached a formal agreement to submit proposals to the US government.
USAE, which filed to deregister its stock on January 28, reported a US$11.5 million net loss for the quarter ending September 30, on revenue of US$660,144. The company was in default on several debts during the same period, according to the company's latest SEC filings.
Over the past year, the company has undergone what it calls an "extraordinary transformation", replacing its board of directors and top management, shedding unprofitable businesses and focusing on a strategy of using foreign subcontractors for American military and commercial aerospace contracts.
In a letter to shareholders in July, its chairman, Jerrold Pressman, wrote: "Enabling the expanded utilisation of foreign subcontractors will provide the US government with the unique ability to utilise the defence budget in a new geostrategic role that fosters economic co-operation among those who are and would strive to be our allies."
Since then, the firm has been on a quixotic quest to win big-ticket US military contracts in partnership with foreign defence companies.
In July, USAE announced that it had signed a strategic partnership with Ukraine's state-owned Antonov Company, maker of the world's largest aircraft, to bid for the KC-X tanker programme, the same contract that Kirkland had claimed the Russians had been pursuing.
But their lofty ambitions quickly suffered a setback, when the air force rejected the company's proposal on the grounds that it was not received in time.
On August 2, USAE filed a protest with the US Government Accountability Office (GAO), accusing air force staff of arbitrarily marking the proposal as having been received too late, giving the USAE courier incorrect directions and suggesting that air force officials intentionally delayed the messenger due to political issues with USAE's partnership with Antonov. In October, the GAO concluded its investigation, dismissing the company's protest.
On August 18, just two weeks after the failed bid with the Ukrainians, USAE announced a strategic partnership with the supply chain management and procurement division of AVIC International, a division with US$7 billion in assets, 30,000 employees and US$5 billion in annual revenue, according to USAE's filing to the SEC. Under the agreement, AVIC agreed to supply all personnel, materials, facilities and other resources to produce aircraft components and equipment.
In a press release, USAE said the parties "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".
USAE senior adviser Charles Arnold declined to comment on the specifics of any plans, but said his company was "working with AVIC to get this transition over" and that he hoped to be able to discuss matters more openly in the next few months. "We're very excited about our relationship that we have established with AVIC and we think this is the future of aerospace," he said.
Additional reporting by Minnie Chan
I trust Janes on Defense Industry Matters more than anybody!
http://www.janes.com/news/defence/jdi/jdi110124_1_n.shtml
China! Big news from China coming. I understand USAE has had people meeting with large Chinese mfrs. I hear the new CEO is very tight lipped.
I think we will not have to worry about news coming out on this one....and believe me....External news is way better than news from the Company. The best thing that can happen to a penny is when people other than us Penny Hounds jump on board! Look at GWAY the last two days!
No problem but do keep your very informative postings on USAE coming, please. Thanks.
No thanks...My last two Mod situations turned into stagnant stocks....so I'm going to steer clear...
Capital Gains, you are doing a great job finding and posting USAE info here. Would you like to be an Assistant Moderator of this board?
USAE and AVIC in bed is so real it's scaring Congressmen....
Granted the Congressman is more concerned that Contractors in his state already got rejected!
http://www.newschannel34.com/content/developingnews/story/Hinchey-China-Should-Not-be-Allowed-to-Bid-on/whGpnq-Pu0yoTAbI98DsKA.cspx
http://www.wbng.com/news/local/Hinchey-Pushes-For-Made-In-America-Marine-One-115582969.html
US Aerospace getting some serious Pub!
Hinchey: China Should Not be Allowed to Bid on Presidential Helicopter
Updated: 2/08 3:24 pm
From Mike Morosi:
Congressman Maurice Hinchey (D-NY) today urged the Department of Defense to reject a potential bid for the presidential helicopter program from China's state-run China Aviation Industry Corporation (AVIC). The Wall Street Journal recently reported that AVIC may offer its AC-313 helicopter for use in the next Marine One fleet. In a letter to Defense Secretary Robert Gates, Hinchey argued that accepting such a bid would be a slap in the face to American workers and would risk putting sensitive intelligence information into the wrong hands.
"The President of the United States of America should not be flying around in a helicopter that is made in China. It was a $4 billion mistake to cancel the presidential helicopter program in the first place, but putting a state-run Chinese company in the running for the new project would be a slap in the face to American workers," said Hinchey. "If the Chinese actually won the contract, our most sensitive national security information, the technology and systems we use to transport our president could be put directly into the hands of a foreign power. I cannot imagine a worse mistake. I've urged Secretary Gates to consider these implications, and I hope that upon looking into the matter he will make the right decision."
Hinchey vehemently opposed scrapping the entire presidential helicopter program. Instead, he successfully put forward and gained House approval for an alternative approach, which would have provided the White House with a full fleet of helicopters within the original budget requirements of the VH-71 program, while eliminating the second, more costly version of the helicopter. Instead, $4 billion spent on the original program has been wasted and the Department is now working toward awarding a new program that the Navy estimates will cost $10-17 billion.
Hinchey's letter to Gates follows.
February 8, 2011
The Honorable Robert M. Gates
Secretary of Defense
1000 Defense Pentagon
Washington, DC 20301-1000
Dear Secretary Gates:
I am writing to strongly urge you to reject any bid by a state-owned Chinese firm for the upcoming presidential helicopter program. Not doing so could result in sensitive national security technology falling into the wrong hands and would be seen by American workers as a slap in the face.
As you may recall, I strongly argued against your decision to cancel the entire presidential helicopter program. The House voted to fund an alternative approach that would have provided the White House with a full fleet of helicopters within the original budget requirements of the program, while scrapping the second, more costly version of the helicopter. Instead, $4 billion spent on the original program has been wasted and the Department is now working toward awarding a new program that the Navy estimates will cost $10-17 billion.
The Wall Street Journal recently reported that state-run China Aviation Industry Corporation (AVIC) may offer its AC-313 helicopter for use in the next Marine One fleet. Helicopter transportation for the President of the United States is one of the nation's most sensitive national security requirements and the prospect that the Department of Defense may be considering a Chinese aviation solution raises serious concerns. In addition, it is unclear how the Department would comply with the Buy American Act (41 U.S.C. §§ 10a through 10d) and take into account the substantial government subsidies associated with a Chinese-built helicopter. I respectfully request that the Department promptly provide the Congress with answers to the following:
· Is the Department in receipt of information regarding the AC-313 from AVIC or U.S. Aerospace and is the AC-313 being considered in the ongoing Analysis of Alternatives for the VXX program?
· What is the likelihood that a Chinese-built helicopter would comply with the Buy American Act requirement that the cost of foreign components not exceed 50% of the cost of all components?
· What is the Department's position on contracting with a company from a country that is not party to the Agreement on Government Procurement (GPA) of the World Trade Organization?
· What systems does the Department have in place to ensure that sensitive U.S. technology would not fall into the hands of the Chinese military through collaboration on this program?
Please consider the impact on national security and American jobs before utilizing a state-owned Chinese solution for the presidential helicopter program. Thank you for your time and attention to this critical issue.
Respectfully,
Maurice D. Hinchey
Yes, these news stories are excellent but to reach more investor eyes directly the company really should have its own press release. I hope to see something issued from USAE soon.
Who's the dumbass undercutting the ask?
I personally would rather see it from legitimate and world news sources...
More buying coming into USAE today as as result of these news stories. When we see something directly from the company on the new AVIC projects I expect the stock price will climb more significantly.
General Electric (GE) AND AVIC and U.S. Aerospace and GE
Hmmmmmm....This bad boy is about to blow!
http://www.washingtonpost.com/wp-dyn/content/article/2011/01/24/AR2011012405699.html
http://www.bizjournals.com/dayton/news/2011/02/07/ge-aviation-partner-in-china-seeks-deals.html
Forbes Magazine!!!
7 Feb 2011
http://blogs.forbes.com/gordonchang/2011/02/07/chinas-copter-for-obama/
China’s ‘Copter for Obama
By GORDON G. CHANG
Aviation Industry Corp. of China wants to build the new Marine One, the president’s helicopter. The military contractor, better known as AVIC, also hopes to compete for other American defense contracts, especially the one for the replacement of the Air Force’s T-38 trainer, made by Northrop.
“We want China to supply aircraft to the U.S. because we think it makes economic sense,” said John Kirkland, the lawyer for AVIC’s partner for the Marine One project, to The Wall Street Journal. China will certainly be the low-cost manufacturer when all the bids are in.
In 2009, President Obama cancelled a Navy contract, awarded in 2005 to Lockheed Martin, to build the new Marine One fleet. Then, scrapping the over-budget project was hailed as the right decision, and now cost has become an even bigger factor as the Pentagon will have to get along with shrinking appropriations. A cheap airframe, in short, is a good thing.
And that’s all China will be supplying. AVIC will be trying to sell the Navy its AC-313 helicopter, which is powered by engines from Pratt & Whitney, a unit of United Technologies. Moreover, AVIC will be exporting what is essentially a civilian craft. Military equipment—avionics, communications, and other sensitive gear—will be fitted in the United States by others.
The AC-313 should be a strong contender. It is a new airframe—it first flew last year—and it certainly is large enough for the job, able to accommodate 27 passengers and a crew of 2. Moreover, Boeing delivered a 767 to Beijing to ferry around former leader Jiang Zemin. Hu Jintao arrived in Washington on a 747 last month. If we can sell planes for Chinese presidents, why can’t the Chinese sell helos for ours?
Yet nobody thinks AVIC will win the Marine One contract. “It’s impossible,” said Wong Dong, president of the International Military Association, to Hong Kong’s South China Morning Post. Even Kirkland, the lawyer, admits China’s bid sounds “ludicrous.”
So why shouldn’t China build the president’s fleet of helicopters? First, we need to listen to Jerrold Pressman, the chairman of U.S. Aerospace, AVIC’s California-based bid partner. “Enabling the expanded utilization of foreign subcontractors will provide the U.S. government with the unique ability to utilize the defense budget in a new geostrategic role that fosters economic cooperation among those who are and would strive to be our allies,” he stated in a July 26, 2010 letter to shareholders. China is not our ally and is not striving to become one. In fact, last February its senior military officers talked in public about waging war on the U.S.
But let’s, for the sake of argument, put aside the fact that Chinese flag officers and senior colonels are relishing the opportunity to kill Americans. There is another matter of concern: Beijing heavily subsidizes AVIC, a state-run enterprise. The issue of foreign subsidies helped derail the bid of EADS North America, a subsidiary of European Aeronautic Defense & Space Co., in its dogfight with Boeing for an especially lucrative Air Force tanker contract. Having established that precedent, it would be difficult to treat the Chinese better than the Europeans.
Of course, one can argue that we should not complain when foreigners help American taxpayers, especially when the foreigners in question generally share our notions of international commerce. China, however, does not. It is systematically violating its international trade obligations and is, in every sense, a predatory competitor.
We see this in the rare-earth sector, where the Chinese underbid competitors around the world. When Beijing drove virtually everyone else out of business—it controls some 97% of global production at the moment—it enforced stringent export quotas to force manufacturers to move to China, a clear violation of its World Trade Organization obligations. Then last year it imposed export bans—also patently illegal under WTO rules—on Japan in September and on the European Union and the United States in October. Beijing, unfortunately, sees every economic advantage as a geopolitical tool to club others. We have, therefore, a real interest in preserving the American manufacturing base, especially in defense and defense-related industries.
It appears that AVIC, the maker of China’s new J-20 stealth fighter, knows it will never win the Marine One bid and is making the effort solely for marketing purposes. “AVIC still takes part in the game because it realizes that its participation will provide free propaganda to polish its image in the international arms market, and tell its potential clients that China’s aircraft industry technologies are able to compete with US and European competitors,” says Wong of the International Military Association.
So even if AVIC provides the AC-313 airframes for free—or even pays us to take them—we should turn the state-owned company down. This is, after all, a matter of keeping manufacturing at home—and of national security.
Follow me on Twitter @GordonGChang
When AVIC decides to make USAE, a wholly owned subsidiary to crack into the U.S. Market this will make a move like GWAY did today!
Aviation Industries of China (AVIC)
China Aviation Industry Corporation [CAIC]
No.67 Jiaodaokou NakaJie,
Beijing China 100712
Tel: 8610-64032115
Fax: 8610-64013648
On 01 July 1999, in an effort to become more competitive, China established ten new state-owned aviation corporations, including splitting AVIC (Aviation Industry of China), which had 560,000 employees, into AVIC I and II. AVIC I and II are both cooperators and competitors. AVIC I AND II are equal economic entities authorized by the state to make investments, operating as a state holding company under the direct supervision of the Central Government. The scope of business for AVIC I and AVIC II look similar, but have a different emphasis. Generally speaking, AVIC I focuses on large- and medium-sized aircraft while AVIC II gives priority to feeder aircraft and helicopters.
China’s aeronautics and astronautics industry was established in the 1950s. At Xi’an, Shanghai, Shenyang and Chengdu, respectively, there are four large airplane manufacturing bases, capable of producing civilian and military aircraft.
On April 17, 1951, the Central Military Commission and Government Administration Council promulgated a "Resolution on Building an Aviation Industry." Subsequently China's aviation industry has developed from repair and maintenance work to modelling on existing types to building of planes of its own design. Chinese industry has designed and built upwards of 60 types of fighter planes, bombers, helicopters, transports and trainers, totalling over 10,000 planes.
In its earlier incarnations as the Third Ministry of Machine-Building and the Ministry of Aviation Industry, AVIC paid relatively little attention to combat needs or maintenance requirements. In the familiar Soviet-style pattern of the "Tyranny of the Producers," equipment was produced according to existing Ministry capabilities, rather than improving combat capabilities through increasing system sophistication. The Ministry of Aviation produced thousands of combat aircraft, most of which were obsolescent, if not obsolete, rather than attempt to develop better designs.
Aviation Industries of China (AVIC), also known as the China Aviation Industry Corporation [CAIC], was a large national industrial corporation under the direct leadership of the State Council. It owned an extensive network of development, production and related business operations, which encompasses 111 enterprises, 36 research institutes, 6 universities and colleges with a total staff of 560,000. It was responsible for developing and manufacturing military aircraft, civil aircraft, missiles, aeroengine and airborne equipment, and also had research capabilities in aerodynamics, structures, flight testing, materials, manufacturing technology, computational methods and automatic control. It established market presence in industrial equipment, instrument,gas turbine, automobile and motor cycles. AVIC established ties with over 70 countries and has exported its aircraft, engine and airborne equipment to more than 10 countries and produced parts and components of aircraft and engine for over 20 manufacturers.
In the past there were serious problemsm with the quality of Chinese military aircraft. Chinese aircraft manufacturers' quality control tended to be uneven. Entire Chinese aircraft types were recalled to their factories in 1975, and in the 1980s Chinese combat aircraft were reported to have serious maintenance problems.
However, in the wake of joint ventures with the United States and Europe in the area of civilian aircraft (particularly the MD-80 and MD-90 at Shanghai Aircraft Industries Corp. (SAIC)) the general level of Chinese aircraft workmanship has apparently risen. Because Western commercial standards are more stringent than previous Chinese specifications, the overall level of Chinese quality control has improved. Chinese combat aircraft are now reported to have a much smoother surfaces than before, suggesting a flow of personnel and expertise from civilian to military production lines.
AVIC I mainly engages in the development, manufacturing, sales, and after-sales services of military and civil aircraft, engines, airborne equipment, weaponry systems. They also produce non-aviation products. Military products include fighters, fighter-bombers, bombers, transports, trainers and reconnaissance aircraft. Fighters in mass production are F7, F8 and their derivatives. Bombers include the H5 and H6 series. Trainers include the FT6, FT7, and HJ5. Civil aircraft include the Y7 and its derivatives, which are short to medium range transport aircraft. Non-aviation products include more than 3000 different types of products in 8 major categories including industrial gas turbines, automobiles, motorcycles, refrigerating machinery and environmental protection equipment. AVIC I services include aircraft leasing and general aviation services, geotechnical engineering, construction contracting and real estate.
AVIC I has 53 large- and medium-sized industrial enterprises, 31 research institutes, 19 specialized companies and institutions respectively engaged in foreign trade, material supply, scientific research and product development. Nearly 240 thousand people are employed in industrial enterprises while 45,000 more employees work in research institutes. Total assets are RMB 34.9 billion.
Examples of AVIC I enterprises include Chengdu Aircraft Company, Xian Aircraft Company, Nanchang Aircraft Company, Shenyang Aircraft Company and their National Trade Bureau. Parts for Boeing jetliners and other non-Chinese aircraft are made at these facilities. Y-7 and military aircraft are also under the responsibility of AVIC I. AVIC I & II each hold 50% of CATIC (China National Aero-Technology Import & Export Corporation) shares.
Non-Combatant Commercial Aircraft
Passenger Airline
* Harbin Aircraft Manufacturing Corp. Y-12(I)
* Harbin Aircraft Manufacturing Corp. Y-12 (II)
* Harbin Aircraft Manufacturing Corp. Y-12 (IV)
* Shaanxi Aircraft Company Y-8B
* Shaanxi Aircraft Company Y-8C
* Xian Aircraft Company Y7-100
* Xian Aircraft Company Y7-100C
* Xian Aircraft Compnay Y7-200
* Xian Aircraft Company Y7-200B
* A. S. Yakovlev Design Bureau YAK-42 Clobber
* Tupolev TU-154M Careless
Agriculture
* Nanching Aircraft Manufacturing Company N-5A
* Harbin Aircraft Manufacturing Corp. Y-11B (I)
* WSK-PZL Mielec M-18 Dromader
Helicopter
* Harbin Aircraft Co. Z-9/Z-9A (Eurocopter AS 365N2)
Special Purpose
* Shaanxi Aircraft Company Y-8F (livestock carrier)
* Shaanxi Aircraft Company Y-8H (aerial survey)
* Xian Aircraft Company Y-7 (cargo)
AVIC-I Companies
Aircraft
* Changhe Aircraft Industries Group, Ltd
* Changzhou Aircraft Manufacture Company Ltd.
* Chengdu Aircraft Industrial Corporation
* China National Guizhou Aviation Industry Group
* Guizhou Aviation Industries Corporation (GAIC)
* Longyan Aircraft Manufacturing Factory of GAIC
* Shanghai Aviation Industry (Group) Company
* Shanghai Aircraft Manufacturing Factory
* Shenyang Aircraft Industry (Group) Corporation
* Shuangyang Aircraft Manufacturing Factory of GAIC
* Xi’an Aircraft Industrial (Group) Company
* Yunma Aircraft Manufacturing Factory
Engine
* Changzhou Lan Xiang Machinery Works
* Chengdu Engine (Group) Company
* Guizhou Liyang Aero-engine Corporation of GAIC
* Honglin Machinery Corporation of GAIC
* Liyang Aero Engine Corporation of GAIC
* Shanghai Aero-Engine Corporation
* Shenyang Liming Aero Engine Group Corporation
* Xi’an Aero-engine (Group) Ltd.
Components
* Anda Forging Plant of GAIC
* Anji Foundry of GAIC
* Beijing Keeven Aviation Instrument Co., Ltd.
* Beijing Shu Gang Electrical Machinery Factory
* Beijing Qingyun Aviation Instrument Company
* Changfeng Machinery Plant
* China Aviation Standard Parts Manufacturing Corporation of GAIC
* Chengdu Aero-Instrument Corporation
* Fengyang Hydraulic General Factory of GAIC
* Guiyang Aviation Hydraulic Component Factory of GAIC
* Guiyang Electrical Machinery Plant of GAIC
* Guiyang Huafeng Electrical Appliance Factory of GAIC
* Guiyang Qianjiang Machinery Factory of GAIC
* Guizhou Hongyang Machinery (Group) Corporation of GAIC
* Guizhou Leach-Tianyi Aviation
* Hanjiang Machinery Plant
* Hefei Wanan Machinery Factory
* Honghu Machinery Factory of GAIC
* Honglin Machinery Factory of GAIC
* Hongyuan Aviation Forging & Casting Industry Company
* Hongwei Machinery Factory
* Huanyu Machinery Factory of GAIC
* Huayang Electrical Factory of GAIC
* Huaxing Aircraft Wheel Corporation
* Jianghan Aviation Life-Support Industry Corporation
* Jianghuai Aviation Instrument Factory
* Jincheng Group Corporation, Ltd
* Luoyang Aviation Electrical Factory
* Luoyang Nanfeng Aviation Precision Electro-Machinery Company
* Luoyang Xinghua Electric Appliance Manufacturing Corporation
* Pingshui Machinery Factory of GAIC
* Pingyuan Machine Factory of GAIC
* Shanghai Aero-Electrical Appliance Factory
* Shanghai Avionics Corporation
* Shaanxi Qinling Aeroelectric Company
* Shenyang Xinhua Electric Appliance Factory
* Southwest Tooling General Factory of GAIC
* Taihang Instruments Factory
* Tianyi Electro-Technical Factory of GAIC
* Wanjiang Elecro-Mechanical Factory of GAIC
* Weihong Machinery Factory of GAIC
* Xi’an Aeronautical Machinery Corporation
* Xi’an Yuandong Company
* Xin’an Machinery Factory of GAIC
* Xinhang Aeronautical Machinery Corporation of GAIC
* Yonghong Machinery Factory of GAIC
I'm pretty sure they didn't put 500 Million into the company so that it can stay at 2 cents.....With <40 Million O/S
We are getting some buying in USAE now due to the stories in the news you found. I think the stock would do a lot better if we got some direct PR from the company on their new projects with AVIC. Maybe we will see something soon.
It would be nice if we could build the bid a little higher.
Another good USAE news story find. Thanks again, Capital Gains.
Here is the text paste:
Mandarin One? Chinese firm in talks to supply Obama's new helicopter
By Daily Mail Reporter
Last updated at 8:12 PM on 4th February 2011
The President's Marine One helicopter could soon be made by China Aviation Industry Corp.
After Air Force One, it is one of the world's best known aircraft.
For more than 30 years America's presidents have been ferried to and from the White House by the iconic Marine One helicopter, made by Sikorsky in Connecticut.
But maybe not for much longer. A rival chopper is being proposed, and to rub salt into the wound it's made by the United States' new global rival, China.
The manufacturer of China’s new stealth fighter aircraft is working with a small Californian firm to bid together for U.S. defence contracts – including supplying the U.S. president’s helicopter.
It comes at a time of growing American concern about the Far East country's expanding armed forces.
China Aviation Industry Corp (AVIC) is joining forces with U.S. Aerospace Inc after its prototype of China's first stealth fighter, the J-20, made its maiden flight last month.
AVIC is looking at offering China's largest domestically-produced helicopter, the AC-313, to replace the ageing Marine One used by the president, according to reports.
The current Marine One fleet consists of 11 large Sikorsky helicopters introduced in 1976 and eight smaller Sikorsky models, which came into service in 1989.
Sikorsky is an American company based in Stratford, Connecticut.
More...Obama divides U.S. more than any second-year president in more than half a century
The U.S. Navy awarded a contract for a replacement helicopter fleet six years ago, to be delivered before 2014 by an American team lead by Lockheed Martin Corporation.
But the cost ballooned four years on, and President Obama cancelled the contract, asking the Navy to find a cheaper alternative.
Chinese connection: President Obama's new helicopter could be produced by the Far East company, which is teaming up with U.S. Aerospace Inc.
‘It may sound ludicrous but that doesn't mean it's not going to happen,’ John Kirkland, a lawyer for U.S. Aerospace, told the Wall Street Journal.
MARINE ONE: A HISTORY
Marine One was launched as a quicker alternative to Air Force One by President Eisenhower.
He saw a need for faster transport after a trip back to the White House from Rhode Island in 1957 would have required a ferry, car and flight.
The current Marine One fleet of 19 Sikorsky helicopters were launched between 1976 and 1989.
‘We want China to supply aircraft to the U.S. because we think it makes economic sense.’
AVIC may also put forward the L-15 training jet to replace the US Air Force's Northrop T-38 aircraft.
Michelle and Barack Obama hosted Chinese president Hu Jintao at an elaborate state dinner in Washington last week, as America attempts to build a stronger relationship between the two countries.
Previous attempts by China to break into U.S. strategic sectors have fallen through after significant political opposition and this is likely to happen again if any involvement in defence is put forward.
Military strength: China's largest domestically-produced helicopter, the AC-313, could soon be taking President Obama around on his state duties.
The Pentagon is worried about any possibility of China obtaining U.S. military secrets.
It has been suggested the Chinese stealth jet may have been made with technology from a U.S. aircraft shot down by Serbian forces in 1999 during the war in Kosovo, but China has denied this.
The new J-20 aircraft shocked observers last month and highlighted the development of China's military capability.
It was unveiled during a visit to China by U.S. Defence Secretary Robert Gates, and it is seen as a future rival to the US Air Force's F-22 Raptor – the world’s only fully-operational next generation stealth fighter jet.
Read more: http://www.dailymail.co.uk/news/article-1353762/Obama-soon-flying-Chinese-helicopter.html#ixzz1DI4vPosm
Q: How many penny stocks were on Fox News, the Wall Street Journal and the Daily UK this week....
A: One and USAE is the Winner...
http://www.dailymail.co.uk/news/article-1353762/Obama-soon-flying-Chinese-helicopter.html
Here is a link to the most recent USAE financial filing:
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=7610770-10452-139161&type=sect&TabIndex=2&companyid=4966&ppu=%252fdefault.aspx%253fcik%253d318716
Basic weighted average common shares outstanding: 28,367,095
Thanks Capital Gains, I see our U.S. Aerospace is directly mentioned in the story today. Here is the text paste...
China Maneuvers for U.S. Defense Contracts
Published February 04, 2011
The Wall Street Journal
BEIJING—The maker of China's new stealth fighter jet has teamed up with a tiny, unprofitable California company to try to launch bids for U.S. defense contracts, possibly including one to supply Chinese helicopters to replace the aging Marine One fleet used by the president, according to people involved in the partnership.
Any Chinese bids for this or another contract under discussion would be certain to meet intense political resistance and would appear to have very little chance of success given mounting U.S. concern about China's military power and long-term strategic goals, and the often-prohibitive opposition in the past to Chinese attempts to enter other strategic U.S. sectors, such as energy and telecommunications.
However, the fact that state-run China Aviation Industry Corp., known as AVIC, is even considering bids for these contracts, which industry insiders expect to be awarded in the next two to three years, reflects the rapid development and lofty ambitions of China's aerospace industry.
AVIC has been in talks for more than a year with California-based U.S. Aerospace Inc. about offering the AC-313—China's largest domestically produced helicopter—as the next generation of Marine One, the people involved in the partnership say.
They say the two companies have also been discussing putting forward AVIC's new L-15 trainer jet as a candidate to replace the U.S. Air Force's fleet of Northrop T-38s, which entered service 50 years ago and on which American fighter pilots learn skills such as how to fly at supersonic speeds.
That contract is expected to be one of the most lucrative military aviation contracts this decade, with the U.S. likely to buy about 400 and other allied countries about 600 more as the jet will become the standard for training pilots to fly the U.S. F-22 and F-35 stealth fighters.
AVIC already supplies civilian aircraft components to U.S. companies, but U.S. officials and lawmakers have expressed concern about U.S. technology being diverted to AVIC's military arm through such cooperation.
Ladies and Gentlemen...Start your engines!
http://www.foxnews.com/politics/2011/02/04/china-launches-bids-defense-contracts/
The company has given the reasons below for their action to file the Form 15 last wek. USAE stock will continue to trade as always and the success of the company will still depend on securing new aerospace contracts which they are working on.
------------------------------------------------------------
The Board of Directors considered many factors in making this decision, including the following:
The non-confidential nature of being a public company, and resulting limitations on the Company's ability to conduct business;
The cost associated with preparing and filing periodic reports and other filings with the SEC; and
The demands placed on management to comply with SEC reporting obligations, which detract them from the time available for overseeing the Company's operation and growth.
U.S. Aerospace, Inc. Announces Voluntary Filing of Form 15 to Suspend SEC Reporting Obligations
What does this mean? I just dont get this company. Where is the information? What happened to the New Zealand bid. Where are they at with the legal action regarding the U.S. bid?
Please tell me what the above announcment means.
USAE's new CEO, Jim Worsham is clearly not someone who would be running a scam company ...
Industry Veteran Jim Worsham New CEO of U.S. Aerospace, Inc.
President of Douglas Aircraft Company for 7 Years
Senior Executive of GE Jet Engines for 30 Years
October 4, 2010
LOS ANGELES--(BUSINESS WIRE)-- U.S. Aerospace, Inc. (OTCBB: USAE.ob), a U.S. aerospace and defense contractor, today announced that aerospace industry veteran Jim Worsham has agreed to serve as the Company’s Chief Executive Officer. Worsham developed and has served as head of Aviation Marketing and Business Development for the Southern California Logistics Airport (SCLA) for the last 10 years. From 1982 to 1989, he served as President of Douglas Aircraft Company for McDonnell Douglas Corporation, now The Boeing Company (NYSE:BA). In over 30 years with General Electric Co. (NYSE:GE), Worsham rose from jet engine aero thermo designer, to Vice President Military Engines, Vice President Commercial Engines, and Vice President Market Development.
“We are honored to have someone of Jim’s stature in the aerospace community agree to join us as CEO,” said Chairman of the Board, Jerrold S. Pressman. "His outstanding background and experience in the aviation industry is a perfect fit for our new business model to globalize the aerospace industry. Jim’s ability to develop profitable opportunities is demonstrated by the many groundbreaking projects he has led throughout his impressive career.”
Notable projects led by Worsham include: C-17 Globemaster, KC-10A Extender, T-45 Goshawk, MD-11, DC-10, MD-80, MD-90, 717. He initiated aircraft leasing in China and assembled 100 MD-80 aircraft in China.
Worsham’s honors, awards and accomplishments include: Goddard Award (while at GE), Collier Trophy (while at McDonald Douglas), Former Member of USAF Military Airlift Command Advisory Board, Former Member of US Science and Technologies Board.
“I am very excited about the growth opportunities at U.S. Aerospace, Inc.,” said Worsham. “I am confident that together we will build upon the Company's strategy of globalization in the aviation marketplace and, as a result, increase shareholder value.”
Worsham joins U.S. Aerospace, Inc. after successfully revitalizing and developing George Air Force Base, located in Victorville, California, into a modern commercial and military airport. Worsham served as Chairman of Asia Pacific and North America divisions of Guinness Peat Aviation, a commercial aircraft sales and leasing company, where he oversaw the conversions of DC-8 aircraft to freighters and initiated aircraft leasing in China. While at Guinness Peat Aviation, the Company was valued at more than $4 Billion.
As President of Douglas Aircraft, Worsham was instrumental in securing military and commercial aircraft business for a family of seven different lines of aircraft and developed the “rent-a-plane” concept which today is recognized as fractional ownership, and played a significant role in revitalizing the general aviation industry.
Worsham founded the SCLA School of Aviation Technology. He served as a Captain in the U.S. Army. Worsham received his BS in Mechanical Engineering, magna cum laude, from Vanderbilt University, his MS in Mechanical Engineering from University of Arkansas, attended Dartmouth Institute, has a honorary doctorate from Northrup University and is a registered professional engineer.
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.
This is a scam not going anywhere
USAE getting ready to heat up again.
The USAE management team has been putting together a great deal of new business potential in the last several months. Review the news pasted in the iBox here for details. We could see significant developments in 2011 on many aerospace projects especially considering USAE's international partnerships with industry giants Antonov and AVIC. Will there be any mergers? That's another possibility to think about too.
U.S. Aerospace, Inc. Attended Airshow China 2010
LOS ANGELES, CA--(Marketwire - 11/29/10) - U.S. Aerospace, Inc. (OTC.BB:USAEE), a U.S. aerospace and defense contractor, today announced that representatives of U.S. Aerospace, Inc. attended the Eighth China International Aviation and Aerospace Exhibition in Zhuhai City, south China's Guangdong Province.
Jim Worsham, CEO of U.S. Aerospace, Inc., commented: "The purpose of this trip was to further strengthen our relationship with our Asian partners and continue to develop the working relationship between our organizations. The industrial capacity and expertise of these relationships will enable U.S. Aerospace to submit more competitive proposals in the U.S. and international markets and this visit demonstrated each side's long term commitment to our strategic cooperation agreement."
About Airshow China 2010
The China International Aviation and Aerospace Exhibition is the only international aerospace trade show in China that is endorsed by the central Chinese government. It features the display of real-size products, trade talks, technological exchanges and a flying display. Since 1996, the show has been successfully held in Zhuhai in every even-numbered year for seven sessions.
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 Boeing Company, Lockheed Martin Corporation, L-3 Communications Holdings, Inc., the Middle River Aircraft Systems subsidiary of General Electric Company, 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 Watkins386-409-0200
Thanks for the chart Shakerzzz. I agree, the technicals do look like there is virtually no more downside at all from the current pps level. As soon as we see some good news on new contracts or other positive events this stock should move up strongly from here. Be sure to look over all the recent news for U.S. Aerospace which is pasted in the iBox of this board. There is certainly major potential in this developing company and all the projects they are involved in now.
This is prime for a pr soon. Drag down the stock price and accumulate in these areas and then PR, and boom 100%. These are cheap prices.
I hope to see some good news soon.
The most important part of today's USAE news, of course:
The Company intends to continue to bid on projects for the U.S. Department of Defense, and looks forward to actively pursuing both military and commercial opportunities beneficial to U.S. Aerospace, Inc. and its strategic international partners.
U.S. Aerospace, Inc. Statement on KC-X Tanker Bid
LOS ANGELES--(BUSINESS WIRE)-- U.S. Aerospace, Inc. (OTCBB: USAE.ob), a U.S. aerospace and defense contractor, is pleased to issue the following statement concerning its joint bid for the U.S. Air Force KC-X Tanker Program.
After comprehensive discussions of the Government Accountability Office’s decision, including the advise of counsel that there are substantial legal grounds to proceed in court, the Company has determined that it will not continue to pursue its bid to supply the U.S. Air Force with its next generation of aerial refueling tankers.
“America's service men and women have been forced to wait too long for new tankers,” commented CEO Jim Worsham. “We feel a deep responsibility for their safety and ability to fulfill the important missions our nation calls upon them to perform, they must always remain our top priority.”
The Company intends to continue to bid on projects for the U.S. Department of Defense, and looks forward to actively pursuing both military and commercial opportunities beneficial to U.S. Aerospace, Inc. and its strategic international 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 Boeing Company (NYSE: BA), 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.
Contact:
For U.S. Aerospace, Inc.
Media and Investor Relations
Richard Watkins, 386-409-0200
Good to see the USAE website now has Jim Worsham's bio posted.
Direct Link:
http://www.usaerospace.com/management
Here is a very good overview of USAE's new Chinese aerospace partner, AVIC. They certainly have major capability and an extensive aircraft production history.
Link:
http://www.globalsecurity.org/military/world/china/avic.htm
Aviation Industries of China (AVIC)
China Aviation Industry Corporation [CAIC]
No.67 Jiaodaokou NakaJie,
Beijing China 100712
Tel: 8610-64032115
Fax: 8610-64013648
On 01 July 1999, in an effort to become more competitive, China established ten new state-owned aviation corporations, including splitting AVIC (Aviation Industry of China), which had 560,000 employees, into AVIC I and II. AVIC I and II are both cooperators and competitors. AVIC I AND II are equal economic entities authorized by the state to make investments, operating as a state holding company under the direct supervision of the Central Government. The scope of business for AVIC I and AVIC II look similar, but have a different emphasis. Generally speaking, AVIC I focuses on large- and medium-sized aircraft while AVIC II gives priority to feeder aircraft and helicopters.
China’s aeronautics and astronautics industry was established in the 1950s. At Xi’an, Shanghai, Shenyang and Chengdu, respectively, there are four large airplane manufacturing bases, capable of producing civilian and military aircraft.
On April 17, 1951, the Central Military Commission and Government Administration Council promulgated a "Resolution on Building an Aviation Industry." Subsequently China's aviation industry has developed from repair and maintenance work to modelling on existing types to building of planes of its own design. Chinese industry has designed and built upwards of 60 types of fighter planes, bombers, helicopters, transports and trainers, totalling over 10,000 planes.
In its earlier incarnations as the Third Ministry of Machine-Building and the Ministry of Aviation Industry, AVIC paid relatively little attention to combat needs or maintenance requirements. In the familiar Soviet-style pattern of the "Tyranny of the Producers," equipment was produced according to existing Ministry capabilities, rather than improving combat capabilities through increasing system sophistication. The Ministry of Aviation produced thousands of combat aircraft, most of which were obsolescent, if not obsolete, rather than attempt to develop better designs.
Aviation Industries of China (AVIC), also known as the China Aviation Industry Corporation [CAIC], was a large national industrial corporation under the direct leadership of the State Council. It owned an extensive network of development, production and related business operations, which encompasses 111 enterprises, 36 research institutes, 6 universities and colleges with a total staff of 560,000. It was responsible for developing and manufacturing military aircraft, civil aircraft, missiles, aeroengine and airborne equipment, and also had research capabilities in aerodynamics, structures, flight testing, materials, manufacturing technology, computational methods and automatic control. It established market presence in industrial equipment, instrument,gas turbine, automobile and motor cycles. AVIC established ties with over 70 countries and has exported its aircraft, engine and airborne equipment to more than 10 countries and produced parts and components of aircraft and engine for over 20 manufacturers.
In the past there were serious problemsm with the quality of Chinese military aircraft. Chinese aircraft manufacturers' quality control tended to be uneven. Entire Chinese aircraft types were recalled to their factories in 1975, and in the 1980s Chinese combat aircraft were reported to have serious maintenance problems.
However, in the wake of joint ventures with the United States and Europe in the area of civilian aircraft (particularly the MD-80 and MD-90 at Shanghai Aircraft Industries Corp. (SAIC)) the general level of Chinese aircraft workmanship has apparently risen. Because Western commercial standards are more stringent than previous Chinese specifications, the overall level of Chinese quality control has improved. Chinese combat aircraft are now reported to have a much smoother surfaces than before, suggesting a flow of personnel and expertise from civilian to military production lines.
AVIC I mainly engages in the development, manufacturing, sales, and after-sales services of military and civil aircraft, engines, airborne equipment, weaponry systems. They also produce non-aviation products. Military products include fighters, fighter-bombers, bombers, transports, trainers and reconnaissance aircraft. Fighters in mass production are F7, F8 and their derivatives. Bombers include the H5 and H6 series. Trainers include the FT6, FT7, and HJ5. Civil aircraft include the Y7 and its derivatives, which are short to medium range transport aircraft. Non-aviation products include more than 3000 different types of products in 8 major categories including industrial gas turbines, automobiles, motorcycles, refrigerating machinery and environmental protection equipment. AVIC I services include aircraft leasing and general aviation services, geotechnical engineering, construction contracting and real estate.
AVIC I has 53 large- and medium-sized industrial enterprises, 31 research institutes, 19 specialized companies and institutions respectively engaged in foreign trade, material supply, scientific research and product development. Nearly 240 thousand people are employed in industrial enterprises while 45,000 more employees work in research institutes. Total assets are RMB 34.9 billion.
Examples of AVIC I enterprises include Chengdu Aircraft Company, Xian Aircraft Company, Nanchang Aircraft Company, Shenyang Aircraft Company and their National Trade Bureau. Parts for Boeing jetliners and other non-Chinese aircraft are made at these facilities. Y-7 and military aircraft are also under the responsibility of AVIC I. AVIC I & II each hold 50% of CATIC (China National Aero-Technology Import & Export Corporation) shares.
Non-Combatant Commercial Aircraft
Passenger Airline
Harbin Aircraft Manufacturing Corp. Y-12(I)
Harbin Aircraft Manufacturing Corp. Y-12 (II)
Harbin Aircraft Manufacturing Corp. Y-12 (IV)
Shaanxi Aircraft Company Y-8B
Shaanxi Aircraft Company Y-8C
Xian Aircraft Company Y7-100
Xian Aircraft Company Y7-100C
Xian Aircraft Compnay Y7-200
Xian Aircraft Company Y7-200B
A. S. Yakovlev Design Bureau YAK-42 Clobber
Tupolev TU-154M Careless
Agriculture
Nanching Aircraft Manufacturing Company N-5A
Harbin Aircraft Manufacturing Corp. Y-11B (I)
WSK-PZL Mielec M-18 Dromader
Helicopter
Harbin Aircraft Co. Z-9/Z-9A (Eurocopter AS 365N2)
Special Purpose
Shaanxi Aircraft Company Y-8F (livestock carrier)
Shaanxi Aircraft Company Y-8H (aerial survey)
Xian Aircraft Company Y-7 (cargo)
AVIC-I Companies
Aircraft
Changhe Aircraft Industries Group, Ltd
Changzhou Aircraft Manufacture Company Ltd.
Chengdu Aircraft Industrial Corporation
China National Guizhou Aviation Industry Group
Guizhou Aviation Industries Corporation (GAIC)
Longyan Aircraft Manufacturing Factory of GAIC
Shanghai Aviation Industry (Group) Company
Shanghai Aircraft Manufacturing Factory
Shenyang Aircraft Industry (Group) Corporation
Shuangyang Aircraft Manufacturing Factory of GAIC
Xi’an Aircraft Industrial (Group) Company
Yunma Aircraft Manufacturing Factory
Engine
Changzhou Lan Xiang Machinery Works
Chengdu Engine (Group) Company
Guizhou Liyang Aero-engine Corporation of GAIC
Honglin Machinery Corporation of GAIC
Liyang Aero Engine Corporation of GAIC
Shanghai Aero-Engine Corporation
Shenyang Liming Aero Engine Group Corporation
Xi’an Aero-engine (Group) Ltd.
Components
Anda Forging Plant of GAIC
Anji Foundry of GAIC
Beijing Keeven Aviation Instrument Co., Ltd.
Beijing Shu Gang Electrical Machinery Factory
Beijing Qingyun Aviation Instrument Company
Changfeng Machinery Plant
China Aviation Standard Parts Manufacturing Corporation of GAIC
Chengdu Aero-Instrument Corporation
Fengyang Hydraulic General Factory of GAIC
Guiyang Aviation Hydraulic Component Factory of GAIC
Guiyang Electrical Machinery Plant of GAIC
Guiyang Huafeng Electrical Appliance Factory of GAIC
Guiyang Qianjiang Machinery Factory of GAIC
Guizhou Hongyang Machinery (Group) Corporation of GAIC
Guizhou Leach-Tianyi Aviation
Hanjiang Machinery Plant
Hefei Wanan Machinery Factory
Honghu Machinery Factory of GAIC
Honglin Machinery Factory of GAIC
Hongyuan Aviation Forging & Casting Industry Company
Hongwei Machinery Factory
Huanyu Machinery Factory of GAIC
Huayang Electrical Factory of GAIC
Huaxing Aircraft Wheel Corporation
Jianghan Aviation Life-Support Industry Corporation
Jianghuai Aviation Instrument Factory
Jincheng Group Corporation, Ltd
Luoyang Aviation Electrical Factory
Luoyang Nanfeng Aviation Precision Electro-Machinery Company
Luoyang Xinghua Electric Appliance Manufacturing Corporation
Pingshui Machinery Factory of GAIC
Pingyuan Machine Factory of GAIC
Shanghai Aero-Electrical Appliance Factory
Shanghai Avionics Corporation
Shaanxi Qinling Aeroelectric Company
Shenyang Xinhua Electric Appliance Factory
Southwest Tooling General Factory of GAIC
Taihang Instruments Factory
Tianyi Electro-Technical Factory of GAIC
Wanjiang Elecro-Mechanical Factory of GAIC
Weihong Machinery Factory of GAIC
Xi’an Aeronautical Machinery Corporation
Xi’an Yuandong Company
Xin’an Machinery Factory of GAIC
Xinhang Aeronautical Machinery Corporation of GAIC
Yonghong Machinery Factory of GAIC
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U.S. AEROSPACE, Inc. (USAE)
U.S. Aerospace, Inc. is a supplier of structural aircraft components and assemblies, as well as a leading re-manufacturer of machine tools. Through its wholly owned subsidiary Precision Aerostructures, the company specializes in engineering and manufacturing precision details for the aerospace industry that perform reliably in harsh conditions, including high and low temperatures, severe shock and vibration. U.S. Aerospace also is a leading domestic manufacturer of machine tools, primarily vertical boring mills and large lathes such as Vertical Turning Centers (VTC). Precision serves major aircraft builders such as General Electric, Boeing, L3 Communications and Eclipse Aerospace. The Company has production facilities in Rancho Cucamonga, CA and Santa Fe Springs, CA.
For more information, please visit our main website: http://www.usaerospace.com
or our subsidiary Precision Aerostructurers' website at www.precisionaerostructures.com.
------------------------------------------------------------------------------------------ Contact Info:
U.S. Aerospace, Inc. (USAE)
10291 Trademark Street
Rancho Cucamonga, CA 91730 USA
Phone: (909) 477-6504
Web Site: http://www.usaerospace.com/
Media and Investor Relations
Richard Watkins
1-386-409-0200
Current Contracts:
Through Precision Aerostructures (PAI), we are an emerging world class supplier of complex structural airframe machined components and assemblies for commercial and military aircraft builders in the United States and around the world. PAI specializes in engineering, and manufacturing of precision computerized numerical control ("CNC") machined multiaxis structural aircraft components, with tolerances of up to +/-.0001" on ferrous and non-ferrous metals.
The Boeing Company (Long Beach) - 5 Years
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