U.S. Aerospace, Inc. Statement on KC-X Tanker Bid

U.S. Aerospace, Inc. (OTCBB: USAE), 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 - News), 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.

US Aerospace (CE) (USOTC:USAE)
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