ONTARIO, Calif.--(BUSINESS WIRE)--International Aerospace Enterprises, Inc. (OTCBB:IARO) today announced that the Company has received a contract of $5.4 million USD for military aircraft spare parts. The contract calls for the delivery of parts prior to the end of this fiscal year.

John Peck, IAE's Chief Executive Officer stated, "The addition of this contract in conjunction with IAE's previous contracts total $10,250,000 USD in sales for the first 9 1/2 months of operations which more than doubles the Company's projected $5 million USD in sales for its first year of operations.

Mr. Saffet Uslu, IAE’s President, stated, “I believe the Company still could receive additional contracts for military aircraft spare parts before the close of our 2009 fiscal year."

Mr. Peck and Mr. Uslu each emphasized how important achieving these new sales levels is for the Company and its future operations. For example, the Company is currently in negotiations to establish a $50,000,000 USD line of credit to be used for future acquisitions of military aircraft spare parts inventories.

IAE's shareholders can follow the progress of these negotiations as it is reported in upcoming news releases or posted on the Company’s website: www.IAE247.com.

About International Aerospace Enterprises, Inc.

International Aerospace Enterprises, Inc. (OTCBB:IARO) is an innovative and aggressive provider of discounted military aircraft spare parts for U.S. Ally 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.

Note: Certain Statements in this news release may contain forward-looking information within the meaning of rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Act of 1934 and are subject to the safe harbor created by those rules. We use words such as ‘anticipate,’ ‘believe,’ ‘expect,’ ‘future,’ ‘intend,’ ‘plan,’ and similar expressions to identify forward-looking statements. These statements including those related to being in a large and growing market, exhibiting rapid growth characteristics, and having a growing strategy, are forward looking statements. These forward looking statements are only predictions and are subject to certain risks, uncertainties and assumptions. Some of the risks, uncertainties and assumptions that could cause actual results to differ materially from estimates or assumptions in this press release include the risk that we will not be able to grow our revenues and market share, the risk that our prices do not remain competitive and the risk that we will not achieve profitability. Additional risks are identified and described in the Company’s public filings with the Securities and Exchange Commission, including our most recent Report on Form 10-KSB and Reports on Form 10-QSB and Form 8-K. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company’s past performance is not necessarily indicative of its future performance. The Company does not undertake, and the Company specifically disclaims, any obligation to update any forward-looking statement to reflect occurrences, developments, events, or circumstances after the date of such statement.

Contact:

International Aerospace Enterprises, Inc.
Edward Allen, 209-487-6449
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www.IAE247.com

Oct. 7, 2009 (Business Wire) -- International Aerospace Enterprises, Inc. (OTCBB: IARO) today announced that IARO’s President Saffet Uslu has returned to the US from a successful Middle East sales and marketing trip. During the trip he had an opportunity to meet with governmental agencies, commercial companies working with military aircraft spare parts projects, and private marketing companies who have all voiced an interest in joining IARO’s Strategic Worldwide Sales and Marketing Program.

Mr. Uslu stated after his return, “My meetings were highly productive for IARO’s immediate and future sales and marketing efforts. The foundation has been laid to expand our worldwide sales and marketing program.”

He further stated, “The best evidence of the success of my trip is that today International Aerospace is announcing that we have signed a contract in the amount of $3.3 million USD for our military aircraft spare parts. We believe that this contract represents one of a number of potential sales of our aircraft spare parts that exists from our sales and marketing pipeline."

John Peck, CEO of IARO, stated with confidence, "This contract of $3.3 million USD and our previously announced contract of $750,000 USD virtually assures our shareholders that IARO will meet or exceed its first year operational sales projections of $5 million USD.”

He further voiced, “Congratulations to IARO’s President on the excellent foundation that he has built for the Company’s future marketing and sales in the Middle East.”

He went to say, “I would like to verbalize my pride and appreciation of IAE’s management team and staff, our strategic sales and marketing team partners, as well as our consultants, for all their hard work and dedication, which has contributed to our first year's operational success. I am particularly proud of IAE's shareholder base, who have stayed with us during our first year of operating as a public company. We are now entering the fourth quarter of our first year of operations, and our optimism continues."

About International Aerospace Enterprises, Inc.

International Aerospace Enterprises, Inc. (OTCBB: IARO) is an innovative and aggressive provider of discounted military aircraft spare parts for U.S. Ally 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.

Note: Certain Statements in this news release may contain forward-looking information within the meaning of rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Act of 1934 and are subject to the safe harbor created by those rules. We use words such as ‘anticipate,’ ‘believe,’ ‘expect,’ ‘future,’ ‘intend,’ ‘plan,’ and similar expressions to identify forward-looking statements. These statements including those related to being in a large and growing market, exhibiting rapid growth characteristics, and having a growing strategy, are forward-looking statements. These forward-looking statements are only predictions and are subject to certain risks, uncertainties and assumptions. Some of the risks, uncertainties and assumptions that could cause actual results to differ materially from estimates or assumptions in this press release include the risk that we will not be able to grow our revenues and market share, the risk that our prices do not remain competitive and the risk that we will not achieve profitability. Additional risks are identified and described in the Company’s public filings with the Securities and Exchange Commission, including our most recent Report on Form 10-KSB and Reports on Form 10-QSB and Form 8-K. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company’s past performance is not necessarily indicative of its future performance. The Company does not undertake, and the Company specifically disclaims, any obligation to update any forward-looking statement to reflect occurrences, developments, events, or circumstances after the date of such statement