Log in to use our free company, program and sector update tracker feature.
 

Front page

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

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."

Press release issued by U.S. Aerospace, Inc. on September 20, 2010

 

 Contact details from our directory:
U.S. Aerospace, Inc. Aircraft Structural Components
Aviation Industry Corporation of China

 

 Related directory sectors:
Structural Components

Enhanced listings:


Midland Aerospace
Manufacturer of complex 3- and 5-axis CNC machined and fabricated detail components & assemblies for the aerospace & defence market sectors.

General Plastics Manufacturing Co.
GP has been supplying OEMs, Tier 1 & 2 companies with flame-retardant foam core materials and custom flexible foam molded parts for aircraft flight decks and interior cabins for over 50 years.

Quintus Technologies
Quintus Technologies is a global leading provider of high pressure fluid cell presses and hydroform deep-draw presses for sheet metal forming

TenCate Advanced Composites
TenCate Advanced Composites is a leading provider of thermoset and thermoplastic prepregs to the aerospace industry.

Fine Tubes
Manufacturer of precision tubes in high strength titanium, stainless steel and nickel alloys, seamless, welded or welded & redrawn

See our advertising tariff.

 

12
data pages remaining in monthly quota for non-subscribers

© Copyright of Airframer Limited, operated under licence by Stansted News Limited 2017. Terms & Conditions of reading.