U.S. Aerospace, Inc (USAE)

[ICGGRASSBII]

It's nothing new to the US defense logistics department in getting bad parts. The US had problems with its own industry supplying parts during World War II. A 75 percent failure rate in parts and massive corruption stifled efforts in the early stages of the war. One of the reasons Truman became VP to Roosevelt. The US GAO is accusing China of producing faulty and counterfeit parts and supplying them to the DOD. Inspectors have been barred from receiving visas to inspect. China is blocking the inspectors in an effort to clean house. The US wants better mechanisms in place if it is to continue allowing the Chinese to bid on US defense contracts. http://onceuponaparadigm.wordpress.com/2011/06/19/a-pig-in-a-poke/ Like I said before it may be a boon to USAE if contracts are blocked. However it will eliminate any competetive bidding from AVIC on the TX, VXX, and CSAR. AVIC has validated its agreement into 2015 with USAE since a rouge source said it wasn't a valid contract. The political agenda is worrisome and I expect a whole lot of complaints at the WTO. If Chinese contracts are blocked costs will skyrocket for Major Aerospace projects currently in the works to finish production. The senate should understand the current bill before it makes a vote. IE all Chinese companies are government controlled.