The post-close developments yesterday don't change
Post# of 2306
(Total Views: 223)
Posted On: 05/03/2019 9:25:33 AM
The post-close developments yesterday don't change the facts here:
https://investorshangout.com/post/view?id=5418951
that there will be a shortfall in AAR capacity for the US military for the next 20 to 30 years and there will be more than enough work for any US contractor with a tanker fleet.
It is obvious that Omega are disgruntled and had their nose put out by losing a competitive bidding process for a larger contract after having been the sole bidder on a smaller contract (tailored to their tanker fleet capability no doubt) for the last 20 years.
As long-term followers here will recall, I expected both companies to get separate contracts tailored to the capabilities they have - which combined are still way less than the overall USN / USMC non-hostile environment requirement.
I find it difficult to imagine how Omega could have their protest upheld - $TMPS has the larger, more capable tanker fleet - and I very much doubt that DoD officials would have been involved in any impropriety in the competition.
It will be interesting to follow the GAO review process over the coming days and weeks.
GAO FAQs: https://www.gao.gov/mobile/legal/bid-protests/faqs/
https://investorshangout.com/post/view?id=5418951
that there will be a shortfall in AAR capacity for the US military for the next 20 to 30 years and there will be more than enough work for any US contractor with a tanker fleet.
It is obvious that Omega are disgruntled and had their nose put out by losing a competitive bidding process for a larger contract after having been the sole bidder on a smaller contract (tailored to their tanker fleet capability no doubt) for the last 20 years.
As long-term followers here will recall, I expected both companies to get separate contracts tailored to the capabilities they have - which combined are still way less than the overall USN / USMC non-hostile environment requirement.
I find it difficult to imagine how Omega could have their protest upheld - $TMPS has the larger, more capable tanker fleet - and I very much doubt that DoD officials would have been involved in any impropriety in the competition.
It will be interesting to follow the GAO review process over the coming days and weeks.
GAO FAQs: https://www.gao.gov/mobile/legal/bid-protests/faqs/
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A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.