IAE Announces $2.45 Million USD Contract

ONTARIO, Calif.--(Business Wire)--
International Aerospace Enterprises, Inc. (OTCBB: IARO) today announced that the
company has received a contract of $2,450,000 USD for military aircraft spare
parts. The contract calls for the delivery of the parts prior to the end of this
fiscal year.

John Peck, IAE`s Chief Executive Officer, stated, "This contract, combined with
the others announced earlier by IAE, totals $16,000,000 USD. The $16 million in
contracts have been received by IAE since the return of Saffet Uslu, IAE`s
President, from his Middle East trip earlier this year."

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 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