Micro-Cap Signs $4.1 Million Military Aircraft Spare Parts Contract

By: AllPennyStocks.com News

October 9, 2009
One company is capitalizing on the need for low-cost military spare parts from countries beyond our borders, even as international tensions cool and the noises of war die down.

That company is Ontario, California-based International Aerospace Enterprises, Inc. (OTCBB:IARO), which, just before Columbus Day, announced a whopping new contract with the U.S. military for $4.1 million to provide military aircraft spare parts. The company attributed the contract directly to efforts by President Barack Obama during a recent Middle East swing (Obama got an award of his own the next day, garnering the Nobel Peace Prize, but that’s another story!)

IARO Chairman John Peck, while enthusing on the president’s role in the sale, told the media that day that the contract pushes his company over the $5-million mark for the year, with one more quarter to go, something that should make investors’ ears prick up.

One of the company’s other coups involved a sale of $750,000 worth of military aircraft spare parts for the Egyptian Air Force in June, which Peck heralded as “the first of over $13 million in our international sales pipeline.”

International Aerospace prides itself on being an innovative and aggressive provider of discounted military aircraft spare parts for U.S. alliance partners throughout the world. The company offers inexpensive and shipment ready aircraft spare parts for both military and commercial aircraft users that meet all industry standards for quality manufacturing.

The sheer size of the worldwide military/industrial complex market and the demand for products and services to meet the needs of both the United States Military and its Allies is significant - exceeding $439.3 billion.

Acting on this research data, IARO purchased in excess of $11 million in new surplus military aircraft spare parts several years ago, and aggressively negotiated for additional military aircraft spare parts available for purchase, consignment, or option purchasing. IARO through its international sales and marketing arms has identified and targeted U.S. allies with a need to refurbish and routinely maintain their existing airplane fleet.

The stock price has been, for lack of a better analogy, stuck on the tarmac for much of the last 52 weeks, around the six cent mark, only a few pennies above its low of one cent in the first week of May, and several stratospheres below its high of $1.75 set late in January. With sales climbing and approaching cruising altitude for the year, though, investors might want to consider getting on board with this Company, in case it starts to fly again.

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