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John Peck, IARO's CEO, said, "The initial sales to the Egyptian Air Force is the first of over $13 million USD in our international sales pipeline.
"IARO's management team feels that the current and future value of the company is not reflected in the company's current share price but is reflective of the decisions made by the shell's previous management.
"(I am) confident that the company's international sales performance and future earnings will better reflect the real value of International Aerospace Enterprises, Inc. for both our company and our shareholders."
((Comments on this story may be sent to newsdesk@closeupmedia.com))
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