Filed under: Business Line, Companies, Editorial, Events, logistics, Military Aviation, Press Releases, Tactical Air Defense Services, training
Tactical Air Defense Services to Acquire Tactical Air Support, Inc.
CARSON CITY, Nev., May 20 /PRNewswire-FirstCall/ — Tactical Air Defense Services, Inc. (OTC:TADF) (BULLETIN BOARD: TADF) , an Aerospace/Defense Services contractor that offers air-combat training, aerial refueling, aircraft maintenance training, disaster relief services, and other Aerospace/Defense services to the United States and Foreign militaries and agencies, is pleased to announce that it has signed a Letter of Intent (the “LOI”) to acquire Tactical Air Support, Inc. (“Tac-Air”).
Tac-Air, www.tacticalairsupport.com, is a highly regarded Aerospace/Defense Services contractor founded by a group of former Navy, Marine, and Air Force Weapon’s School Instructors. Tac-Air has won and successfully executed multiple Aerospace/Defense contracts awarded by divisions of the U.S. Department of Defense.
Under the terms of the LOI, upon Closing of the Transaction, Tac-Air shareholders shall receive approximately 46% of the outstanding post-acquisition shares of TADF stock; Rolland C. Thompson, current President of Tac-Air and the former Commanding Officer of the world-renowned U.S. Navy Fighter Weapons School more commonly known as “TOPGUN”, shall be the new CEO and a Director of TADF; Alexis C. Korybut, current CEO of TADF shall be the CFO and a Director of TADF; and General Robert R. Fogleman, former Chief of Staff of the U.S. Air force and former member of the Joint Chiefs of Staff, shall be a Director of TADF. Additionally, TADF intends to secure approximately $3 million in post-acquisition financing to retire a $1.75 million promissory note of Tac-Air, and for post-acquisition working capital in order to fully execute its business strategy.
Alexis C. Korybut, Chief Executive Officer of TADF, stated, “Tac-Air is on the leading edge of this exciting and rapidly growing business. Their experience and technical abilities are unmatched. This acquisition will bring to the Company an exceptional management team of highly experienced and well-regarded ex-military professionals, as well as current contracts and revenues. We believe that the company, post acquisition, can become one of the pivotal players in the private-sector military aviation training services, and will be well-positioned to win an increasing number of Aerospace/Defense Services contracts from the U.S. and foreign-allied militaries and agencies.”
Filed under: Business Line, commercial aviation, Events, Florida, logistics, Military Aviation, Promotions, Services, States, Tactical Air Defense Services, training
Tactical Air Defense Services announced that the FAA certified their Illyushin IL-78 “Midas” tanker aircraft for use in the United States. The IL-72 and IL-76 transports and the IL-78 tanker variant have served the Soviet and Russian military for years successfully.
Due to the world’s shortage of heavy lift transport aircraft various Russian companies have made a living out of leasing their Antanov and Illyushin aircraft to support non-American Western military in their deployments and operations. This includes moving troops and supplies to Iraq and Afghanistan. For modern ground operations this kind of support is critical and there are only so many C-17 and C-5 aircraft to go around.
It only make sense that this would spread to use in the United States. The company intends to use the aircraft to support training operations as well as firefighting. There are certainly opportunities for both missions as the U.S. Air Force tanker fleet is also stretched as it waits for the KC-X contract to get going again.
Photo from jamesdale10 Flickr stream.