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AEL AWARDED BUSINESS JET SERVICES CONTRACT

 LANSDALE, Pa., Aug. 9 /PRNewswire/ -- AEL Industries, Inc. (NASDAQ-NMS: AELNA) announced today that the Aero Division of its AEL Defense Corp. subsidiary has entered into an agreement to provide aircraft modification and maintenance services to United Executive Jet, Inc./JETCORP branch located at the Spirit of St. Louis Airport, Chesterfield, Mo.
 JETCORP, a leading provider of FAA certified services to the business jet user-community, was among those area companies who lost the use of their facilities due to flooding within the region.
 Joseph Iervolino, president of AEL's Aero Division, said, "AEL will provide its FAA certified facilities and technical personnel at our St. Louis Regional Airport complex, located in Bethalto, Ill., for modification and maintenance services in support of JETCORP's extensive corporate jet business." Work will be performed under the supervision of JETCORP's certified personnel, permitting uninterrupted service to its customers.
 AEL's Aero Division, a leading supplier of aircraft services to the U.S. military, recently obtained FAA repair station certification. "We have well over two decades of experience in modifying all types of aircraft," Iervolino said, "and we are moving to bring the extensive capability of our total quality team of engineers and technicians into the commercial and civilian aviation aircraft maintenance fields."
 AEL is a major supplier of electronic defense systems and subsystems. The company designs and manufactures sophisticated countermeasures, simulation and radar warning receiver systems, modifies, installs and integrates electronic and avionics equipment in military and commercial aircraft, and provides state-of-the-art antenna, microwave and integrated circuit components.
 The Class A common stock of AEL Industries, Inc. is traded on the NASDAQ National Market System under the symbol AELNA.
 /delval/
 -0- 8/9/93
 /CONTACT: Corporate Communications of AEL Industries, 215-822-2929/
 (AELN)


CO: AEL Industries, Inc.; AEL Defense Corp.; United Executive Jet,
 Inc./JETCORP ST: Pennsylvania, Missouri IN: AIR SU: CON


MP-LJ -- PH007 -- 0646 08/09/93 09:37 EDT
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Publication:PR Newswire
Date:Aug 9, 1993
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