Exhibit 99.1

Ashlin   Development   Corporation  Enters  Into  Merger  Agreement  with  Gales
Industries Incorporated

Boca Raton,  Fla.,  November  15, 2005 -- Ashlin  Development  Corporation  (OTC
Bulletin  Board:  ASHD) (the  "Company")  announced today that it has executed a
Merger  Agreement  (the  "Merger  Agreement")  under  the terms of which a newly
formed  Ashlin  subsidiary  will  merge  with  privately-held  Gales  Industries
Corporation  ("Gales") in a  stock-for-stock  exchange (the "Merger")  utilizing
Ashlin Common and  Preferred  Stock.  Contemporaneously  with the closing of the
Merger,   Gales  will  acquire  all  of  the   outstanding   capital   stock  of
privately-held Air Industries Machining Corp. ("AIM") (the "Acquisition"). Gales
is a holding company formed to effect the Acquisition. The Merger will result in
a change of control of Ashlin, and accordingly,  with the exception of Mr. James
Brown,  who will remain a director,  our  management and Board of Directors will
change as of the closing date.

The Merger Agreement is subject to, among other things:  (i) the consummation by
Gales of a private  placement  offering  of a minimum of $6.5  million of equity
securities (the "Offering"); (ii) AIM securing a new loan facility in the amount
of $14 million;  and (iii)  completion  by the Company,  prior to closing of the
Merger,  of a  1-for-1.2494  reverse  split of our common  stock  (the  "Reverse
Split"). The Reverse Split will reduce the number of shares of Common Stock that
we have  outstanding on a fully-diluted  basis (currently  4,707,813  shares) to
approximately 3,768,000 shares. The reverse split will be effective prior to, or
simultaneously with, the Merger. Any of our shareholders who, as a result of the
Reverse  Split,  would hold a fractional  share of Common Stock,  will receive a
whole share of Common Stock in lieu of such fractional share. We expect that the
shares of our Common Stock currently  outstanding will constitute  approximately
7% of our Common Stock  outstanding on a fully-diluted  basis  immediately after
the  Merger;  i.e.,  at that  point,  the  enterprise  will  have  approximately
55,000,000 million shares outstanding on a fully diluted basis.  Existing Ashlin
shareholders  are  subject to further  dilution  if an amount  greater  than the
minimum threshold of securities is sold in the Offering.  We anticipate that the
Merger will be consummated during the fourth quarter of 2005.

Founded in 1969,  AIM  manufactures  aircraft  structural  parts and  assemblies
principally for prime defense contractors in the aerospace  industry,  including
Sikorsky, Lockheed Martin, Boeing and Northrop Grumman. For the six months ended
June 30, 2005, AIM's revenue totaled approximately $14.1 million. For the twelve
months  ended   December  31,  2004,   AIM's  revenue   totaled  $24.8  million.
Approximately  85% of AIM's  revenues  are  derived  from  parts and  assemblies
directed toward military applications, although direct sales to the military (US
and NATO)  constitute less than 10% of AIM's revenue.  AIM's parts are installed
onboard Sikorky's  Blackhawk  helicopter and Lockheed Martin's F-35 Joint Strike
Fighter.

This news release contains  forward-looking  statements.  These  forward-looking
statements concern the Company's operations,  economic performance and financial
condition and are based largely on the Company's beliefs and expectations. These
statements involve known and unknown risks, uncertainties and other factors that
may cause actual  results to be  materially  different  from any future  results
expressed or implied by such forward-looking  statements. Such factors and risks
include,  among others,  the risk that the Company's merger will not take place,
and  the  availability,  inadequate  capital,  or the  identification  of  other
suitable merger candidates.  The risks and uncertainties related to our business
are stated in more detail in the Company's  annual report on Form 10-KSB.  These
forward-looking  statements are made as of the date of this press  release,  and
the Company assumes no obligation to update the forward-looking statements or to
update the reasons why the actual  results could differ from those  projected in
the forward-looking statements.


