Business

October 3, 2012

Tactical Air Defense Services closes acquisition of Northrop TF5-1 Corp.

Tactical AirDefense Services, Inc. , an aerospace/defense services contractor that offers tactical aviation services, aircraft maintenance, and other aerospace/defense services to the United States and foreign militaries, has closed the acquisition of Northrop TF5-1 Corp., a military aircraft holding company, as a wholly-owned subsidiary of TADF.

Through the acquisition of Northrop, TADF has acquired ownership of a Canadair CF-5 aircraft, which TADF intends to use in support of tactical aviation contracts that it is currently pursuing through its wholly-owned subsidiary, AeroTech Corporation. In addition, as previously disclosed in our prior Form 8-K filing, through the pending acquisition of Globalease Corporation, TADF intends to acquire an additional two Canadair CF-5 aircraft through lease-to-purchase agreements.

CF-5 aircraft are supersonic fighter aircraft known to be cost effective, low-maintenance, and extremely versatile fighter jets that have been used effectively by many countries around the world as light /attack strike fighters, reconnaissance platforms, and to provide a tactical support role as air-to-ground, close-air-support, training platforms or dissimilar air combat training aircraft. The CF-5 two-seat aircraft are considered by many to be the ideal training aircraft for F-16 lead-in fighter pilot training.

“It is difficult to over-emphasize the importance of acquiring Northrop and its CF-5 aircraft, which materially increase our ability to pursue and win government contracts to provide tactical aviation services. Although there exists competitors offering aviation services, there are few that can supply the aircraft required to fulfill such contracts, and we believe there are no other private companies that can offer CF-5 aircraft or any comparable aircraft,” said Alexis C. Korybut, CEO of TADF. “We intend to continue to acquire additional aircraft through subsequent purchases or exclusive leases, including the addition of two CF-5 aircraft through the pending acquisition of Globalease.”

 




All of this week's top headlines to your email every Friday.


 
 

 

Headlines October 24, 2014

News: U.S., South Korea delay transfer of wartime control - The U.S. and South Korea have delayed transferring wartime operational control of allied forces by taking on a “conditions-based approach” and scrapping the previously set deadline of 2015.   Business: Exclusive: Lockheed, Pentagon reach $4 billion deal for more F-35 jets - Lockheed Martin and U.S. defense...
 
 

News Briefs October 24, 2014

French moving troops toward Libyan border A top French military official says the country is moving troops toward the Libyan border within weeks and, along with U.S. intelligence, is monitoring al Qaeda arms shipments to Africa’s Sahel region. A French base will go up within weeks in a desert outpost just a hundred kilometers (60...
 
 
Navy photograph

Navy to commission submarine North Dakota

Navy photograph The PCU North Dakota (SSN 784) during bravo sea trials. The crew performed exceptionally well on both alpha and bravo sea trials. The submarine North Dakota is the 11th ship of the Virginia class, the first U.S....
 

 

Boeing announces SF Airlines order for Boeing converted freighters

Boeing announced Oct. 23 that SF Airlines has placed an order for an undisclosed number of 767-300ER passenger-to-freighter conversions (Boeing Converted Freighters). SF Airlines, a subsidiary of Shenzhen, China-based delivery services company SF Express, will accept its first redelivered 767 in the second half of 2015. “SF Express aims to become China’s most respected and...
 
 
LM-C130

Another Super Herc Little Rock Rollin’

  Lockheed Martin delivered another C-130J Super Hercules to the 61st Airlift Squadron at Little Rock Air Force Base, Ark., Oct. 23. Little Rock AFB’s new C-130J was ferried from the Lockheed Martin Aeronautics facility ...
 
 

United Technologies beats third quarter profit expectations

United Technologies Corp. Oct. 23 reported third-quarter profit of $1.85 billion as sales increased across all its businesses and the aerospace giant reported favorable tax settlements. The Hartford, Conn.,-based company said it had profit of $2.04 per share and earnings, adjusted for non-recurring gains, came to $1.82 per share. The results topped Wall Street expectations,...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>