Tactical Air Defense Services is pleased to announce that it has acquired the exclusive use of a specialty military aircraft renowned for its capabilities in counter-insurgency and air-to-ground bombing.
Through a Services Agreement executed on May 2, 2011 with its pending merger partner, Tactical Air Support Services ("Tac-Air"), TADF and Tac-Air have acquired the exclusive use of a specialty military aircraft that Tac-Air will operate through the Services Agreement with TADF.
TADF believes, but cannot guarantee, that said aircraft shall be operating in support of tactical aviation contracts within 60 days of possession of the aircraft, and shall generate revenues of between $2 million to $3 million per year for TADF and Tac-Air.
Tac-Air, is a highly regarded aerospace/defense services contractor founded by a group of former U.S. Navy, Marine, and Air Force Weapon's School Instructors. Tac-Air has been awarded and is currently servicing multiple aerospace/defense contracts with the U.S. Department of Defense.
Alexis C. Korybut, Chief Executive Officer of TADF, stated, "We are very pleased to be partnering with Tac-Air on this ground-breaking project. The use of this aircraft, the only one of its kind in the U.S. and with apparent high demand and interest from the U.S. Department of Defense, we believe, will serve to not only generate revenues for our companies and increase our visibility and credibility within the tactical aviation sector, but will also serve to further join together TADF and Tac-Air as we continue to work towards closing the merger between our companies."
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