U.S. Aerospace Adopts Corporate Governance Procedures

Audit, Compensation, Nominating and Governance Committees of Independent Directors

Code of Ethics for All Officers, Directors and Employees

Defense News: LOS ANGELES--(BUSINESS WIRE)--U.S. Aerospace, Inc. (OTCBB: USAE), an emerging world-class aerospace and defense contractor, today announced that the Company’s Board of Directors has adopted improved corporate governance procedures to further ensure timely and accurate disclosure to stockholders.

“We are pleased with the formation of the Committees and the independence and qualifications of each of their members”

The Audit Committee of the Board of Directors will consist of Michael L. Goldberg (Chair), Kenneth J. Koock, and Randall D. Humphreys. The Board has determined that all members of the Audit Committee qualify as “audit committee financial experts” as defined in Item 407(d)(5)(ii) of Regulation S-K promulgated by the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended, are “independent” under Section 10A(m)(3) of the Exchange Act and the requirements of the New York Stock Exchange, and also meet the additional criteria for independence of Audit Committee members set forth in Rule 10A-3(b)(l) under the Exchange Act.

The Nominating & Governance Committee will consist of James D. Henderson (Chair), and Goldberg. The Board has determined that both members of the Nominating & Governance Committee are “independent” under Section 10A(m)(3) of the Exchange Act and the requirements of the New York Stock Exchange.

The Compensation Committee will consist of Koock (Chair) and Jerrold S. Pressman. Pressman also serves as Chairman of the Board. The Board has determined that both members of the Compensation Committee are “independent” under Section 10A(m)(3) of the Exchange Act and the requirements of the New York Stock Exchange.

The Board of Directors also adopted a Code of Ethics, applicable to all Company officers, directors and employees, including senior financial officers.

"We are pleased with the formation of the Committees and the independence and qualifications of each of their members,” commented Henderson, Chairman of the Nominating & Governance Committee. “We are encouraged by the background and experience that each independent member of the Board of Directors brings to the Company and how their expertise will benefit the Company as we continue to execute our growth strategy.”

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About U.S. Aerospace, Inc.

U.S. Aerospace, Inc. is a publicly traded aerospace and defense contractor based in Southern California. U.S. Aerospace is an emerging world-class supplier to the U.S. Department of Defense, U.S. Air Force, Lockheed Martin Corporation (NYSE: LMT - News), The Boeing Company (NYSE: BA - 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. It is also a leading manufacturer and remanufacturer of specialized aircraft machining tools, including vertical boring mills and large Vertical Turning Centers used to manufacture the largest jet engines, airplane landing gear, and other precision components. U.S. Aerospace has offices and production facilities in Santa Fe Springs and 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, that may cause actual results to differ materially from stated expectations. These risk factors include, among others, limited capital resources, intense competition, government regulation, 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.

For U.S. Aerospace, Inc.

Investor Contact:
NETGENPR, Inc.
Mike Elliott, 813-658-5136
ir@netgenpr.com