International Aerospace Inks $4.1 Million Military Contract

(Comment on this article at http://www.financialwire.net/2009/10/09/international-aerospace-inks-41-million-military-contract/)

October 9, 2009 (FinancialWire) -- International Aerospace Enterprises, Inc. (OTCBB: IARO) (Current Market Cap: $6.80 Mil.) said it has signed a $4.1 million contract for military aircraft spare parts. It is the second such contract to be received by the company in as many days, according to International Aerospace.

Company chairman John Peck said that the second contract is "directly related to our president's trip to the Middle East."

He said that the latest contract has put IAE over and above its first year's projected goal of $5 million in sales.

Ontario, California-based International Aerospace Enterprises is a provider of discounted military aircraft spare parts for U.S. Ally partners throughout the world.

The company offers spare parts for both military and commercial aircraft users.

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