China Architectural Engineering Announces First Contract in United States Valued at $11.6 Million

China Architectural Engineering, Inc. (CAE) (AMEX:RCH), a leader in the design, engineering, fabrication and installation of high-end building envelope solution systems, today announced that it has been awarded its first project in the United States, an $11.6 million contract to supply and install the curtain wall for a 21-story luxury condominium project in New York City.

CAE has already begun initial work on the project and expects to have it completed by mid-2009. The Company expects to recognize revenues from the project in various stage payments between the second quarters of 2008 and 2009.

Source : Businesswire.com – China Architectural Engineering Announces First Contract in United States Valued at $11.6 Million.

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