International Aerospace Signs Contract for $4.1 Million USD

ONTARIO, Calif.--(Business Wire)--
International Aerospace Enterprises, Inc. (OTCBB: IARO) today announced that the
Company's Worldwide Sales and Marketing Program has again reaped dividends. The
$4.1 million USD contract for military aircraft spare parts is the second to be
received by the Company in as many days.

John Peck, IAE's Chairman, stated, "This second contract is directly related to
our President's trip to the Middle East!"

He went on to say, "IAE will continue to focus on building the company's
fundamentals, which I believe will translate to current and future shareholder
value and confidence."

He voiced his pride that this contract has put IAE over and above its first
year's projected goal of $5 million USD in sales and IAE still has the fourth
quarter to keep working on for its shareholders.

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.

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

Copyright Business Wire 2009