US Stock Market - UP On the NEWS...AZAA
BREAKING NEWS - TUCSON, Ariz.--(BUSINESS WIRE)--Arizona Aircraft Spares, Inc. (OTCBB:
AZAA) - one of the leading military aircraft spare parts manufacturers - announces it
has signed a letter of commitment with Wolfe and Turner Investments to obtain a 6
million dollar non-equity asset-backed loan. The loan would have a ten-year term with
a 25-year amortization schedule. AZAA is currently completing the due diligence phase
and anticipates that funding will occur prior to December 1, 2003.
Despite the current boost in government military spending, aircraft used by the US Air
Force and other armed forces are now older than ever23 years on average. B-52's are
older than their pilots, with no plans to build new bombers for the next 10 years.
Result: Aging aircraft require ever-increasing amounts of expensive maintenance,
repairs and replacement parts.
Arizona Aircraft Spares' market potential is measured in billions of dollars. The
company works directly with the U.S. Government and other international world
governments. The proposed U.S. military budget alone is 399.1 billion-dollars, of
which twenty-five percent is allocated for spare parts and ground support systems.
Arizona Aircraft Spares focuses exclusively on manufacturing military aircraft spare
parts. The majority of the company's business comes from the U.S. Government the
Army, Navy and Air Force branches of the U.S. Military. Working with the U.S. Military
represents the least cash intensive growth strategy for the company, as the government
systematically pays within 30 days after the company has shipped the product.
Furthermore, Arizona Aircraft Spares is eligible for the Progressive Payment program
whereby the company can collect upwards of 80% of the contract's total value prior to
completion of the contract.
AZAA has worked with over 20 international governments and continues to maintain
international clients apart from the U.S. Government. All other orders are required to
put an upfront deposit on all contracts awarded. Arizona Aircraft Spares as a public
company can take full advantage of the opportunities in the international markets with
enhanced liquidity to execute larger international projects.
Arizona Aircraft Spares, Inc. works primarily with the U.S. Government, focusing
exclusively on the Army, Navy and Air Force branches of the U.S. Military as well as
foreign ally countries. The company receives its contracts from the Department of
Defense Logistics Services located in either Richmond, Virginia or Columbus, Ohio.
These two sites represent the central purchasing group for U.S. Government military
contracts, and the point of origin for all U.S. military bids and contracts.
On average, Arizona Aircraft Spares receives over 600 requests to bid on US. military
spare parts every week. Occasionally, Arizona Aircraft Spares receives orders from
other U.S. Government Prime Contractors, such as Boeing and Northrop Grumman. This
typically happens in situations when these companies surmise that Arizona Aircraft
Spares can provide the spare parts at a better cost efficiency than them.
To find out more, go to: www.arizonaaircraftspares.com
AZAA IS IN NO WAY associated with this newsletter.
This is for information puposes only. Penny stocks are considered to be highly
speculative and may be unsuitable for all but very aggressive investors. We do not
hold or plan to hold a position in this stock. This Profile was a paid advertisement
by a third party not affiliated with the profiled company. We were compensated 3000
dollars to distribute this report only. Please always consult a registered financial
advisor before making any decisions. This report is for entertainment and advertising
purposes only and should not be used as investment advice.
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