Tactical Air Defense Services TADF PR out today
Post# of 1842
Tactical Air Defense Services TADF PR out today
Tactical Air Defense Services, Inc. (OTCQB:TADF), an Aerospace/Defense Services contractor that offers tactical aviation services, aerial refueling, aircraft maintenance, and other Aerospace/Defense services to the United States and Foreign militaries and agencies, is pleased to announce that the Embraer 314 Super Tucano aircraft (the "Super Tucano") in which it has an interest through a Services Agreement with Tactical Air Support, Inc. has successfully flown on its first revenue-producing contract.
Despite a delay of many months due to unforeseen weapons clearance and maintenance requirements, all of which have now been resolved, the Super Tucano was successfully flown on contract providing training support for the U.S. Department of Defense. Because of positive feedback and strong demand for the Super Tucano, an aircraft which adds a level of capability and sophistication that no other commercial provider can deliver, we believe this initial detachment in support of military training will be one of many, but because it is an Indefinite Delivery Indefinite Quantity (IDIQ) Contract, we cannot yet provide a fixed dollar amount for the contract.
The Embraer 314 Super Tucano is a specialty military aircraft renowned for its capabilities in counter-insurgency and air-to-ground bombing, and is the only one of its kind offered in the U.S. through a commercial Aerospace/Defense services contractor.
Alexis C. Korybut, Chief Executive Officer of TADF, stated, "We are extremely pleased to announce that the Super Tucano has flown on its first military contract and is producing its first revenues for TADF after very frustrating and unanticipated delays. The Super Tucano is truly an exceptional aircraft with outstanding capabilities that no other commercial provider can offer, and we believe the aircraft will now be able to generate a steady flow of revenue for the Company."
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