EXHIBIT 99.8



FOR IMMEDIATE RELEASE



CONTACTS: Tom Barrows                                Michael Irving
          Investor Relations                         Investor Relations
          Pacific Aerospace & Electronics            Madison & Wall Worldwide
          (509) 667-9600                             (407) 682-2001



                     PACIFIC AEROSPACE & ELECTRONICS, INC.
                         DIVESTS U.S. CASTING DIVISION


WENATCHEE, WA - June 18, 2001 - Pacific Aerospace & Electronics, Inc. (Nasdaq:
PCTH), a diversified manufacturing company specializing in metal and ceramic
components and assemblies, announced today the recent sale of assets of the
Company's U.S. Casting Division located in Entiat, WA to a subsidiary of
Advanced Aluminum LLC, of Malvern, PA. The transaction included the sale of
substantially all of the assets of PA&E's casting division, including working
capital, land, buildings and equipment. The buyer hired substantially all of the
existing 90-plus employee workforce at the Entiat manufacturing location. The
transaction closed on June 14, 2001. The terms were not disclosed.

The decision to sell the U.S. Casting Division is an integral part of the
Company's plans to divest businesses that no longer fit its long-term business
strategy. Going forward, the Company intends to focus on its core technologies.
The Company utilizes patented advanced materials science in ceramics and metals
to manufacture components primarily for the aerospace, defense,
telecommunications and medical industries. The divestiture will result in an
approximate 10% reduction in total company headcount and is expected to have a
positive financial impact on the Company's remaining business. The two companies
intend to maintain an active supplier-vendor relationship to satisfy the
combined needs of their customer base.

"This is a major step towards completing our strategy to divest non-core or non-
performing assets and represents further progress in our commitment to reshape
PA&E by concentrating on value-added products and proprietary technologies,"
said PA&E President and CEO Don Wright. "As a result of this strategy, we expect
to have a company with a significantly streamlined operational structure and a
much clearer business focus. While we do regret that the U.S. Casting Division
no longer fits into our long-term strategy, I am confident that it will fit well
with Advanced Metals and its philosophy for providing its operating companies
the focus to grow and serve their customers better."

Pacific Aerospace & Electronics, Inc. is an international engineering and
manufacturing company specializing in technically demanding component designs
and assemblies for global leaders in the aerospace, defense, electronics,
medical, telecommunications, energy and transportation industries. The


Company utilizes specialized manufacturing techniques, advanced materials
science, process engineering and proprietary technologies and processes to its
competitive advantage. Pacific Aerospace & Electronics, Inc. has approximately
800 employees worldwide and is organized into three operational groups -- U.S.
Aerospace, U.S. Electronics and European Aerospace. More information may be
obtained by contacting the company directly or by visiting its Web site at
www.pcth.com.
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Forward-looking statements in this release concerning trends or anticipated
results are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Actual results could differ materially
from those stated or implied in the forward-looking statements. The forward-
looking statements in this release are not guarantees of future performance and
are subject to risks and uncertainties related to the Company's operations and
its ability to obtain sufficient cash if and when needed. These risks and
uncertainties include, but are not limited to, competitive factors (including
the possibility of increased competition or technological development,
competitors, and price pressures); legal factors (such as limited protection of
the Company's proprietary technology and changes in government regulation);
financial factors (such as the Company's significant debt load); and the
Company's dependence on key personnel and significant customers. More
information about potential factors that could affect the Company's financial
results is included in the Company's filings with the Securities and Exchange
Commission. All forward-looking statements included in this release are based on
information available to the Company as of the date of this release, and the
Company assumes no obligation to update any such forward-looking statements.