U.S. Aerospace announces partnership with AVIC

U.S. Aerospace has entered into a strategic cooperation agreement with the Beijing, China-based company AVIC International Holding.

Under the agreement, the U.S. aerospace and defense contractor, which is based in Los Angeles, will provide AVIC with potential projects on which the parties can bid together, or specifications for aircraft parts and components to be manufactured by AVIC for the company or any of its partners. The two companies are expected to bid on at least $100 million in potential orders in the first year.

In addition, the agreement outlines guidelines for collaboration in the manufacture, importing and exporting of aircraft components and equipment. AVIC will supply all personnel, materials, facilities and other resources that U.S. Aerospace requires.

"Building long-term relationships with leading international aircraft manufacturers like AVIC greatly enhances our production and pricing capabilities," said Michael C. Cabral, president of U.S. Aerospace. "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."