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ARCHITECT OF AFGHAN AIR OPERATIONS TAKES THE A-29 SUPER TUCANO FOR A RIDE A-29 Super Tucano Makes U.S. Debut at Oshkosh Air Show. In News & Press Releases
Jul 23, 2012
http://www.sncorp.com/
SNC News & Press Releases
Jul 23, 2012
ARCHITECT OF AFGHAN AIR OPERATIONS TAKES THE A-29 SUPER TUCANO FOR A RIDE A-29 Super Tucano Makes U.S. Debut at Oshkosh Air Show
News & Press Releases
http://www.sncorp.com/
$TADF
NeoSage, would you help me out with the ??? I asked? Would appreciate. Bill
Okay, TADF is buying Aero Tech with: Upon closing of the acquisition and pursuant to the terms of the acquisition agreement, TADF will purchase 100% of the outstanding shares of AeroTech for consideration of 5 million shares of its Series C Preferred stock.
Now being & amateur in buying & selling stocks, would someone explain what they expect this stock to be worth in the future. Because 5 million times .0011 is only $5500. Could they say to themselves that this stock will hit the $$, because in my opinion this is the only way they could get back the worth of the company would be to sell the 5 million shares sometime in the future at a much greater price than it is now.
Moon, Neosage, Cardinal, help me out on this, you are not going to upset me if I am wrong, would just like someone explain about the 5 million shares.
Riverdave68, the video was fantastic.
Riverdave68 THANKS. used Yahoo search and that was what came up.
Tactical Air Defense Services to Acquire AeroTech Corporation
CARSON CITY, Nev., July 20, 2012 (GLOBE NEWSWIRE) -- Tactical Air Defense Services, Inc. (OTCQB:TADF), an aerospace/defense services contractor that offers tactical aviation services, aircraft maintenance, and other aerospace/defense services to the United States and Foreign militaries and agencies, is pleased to announce that it has signed an agreement to acquire, as a wholly-owned subsidiary of TADF, 100% of AeroTech Corporation ("AeroTech"), an aerospace/defense services contractor licensed and registered with the United States Department of Defense.
Through the acquisition of AeroTech, TADF will acquire the existing business and assets of AeroTech including but not limited to five separate Teaming Agreements, a Sole Source Justification and Approval from the U.S. Army, and the skilled and experienced management team of AeroTech.
Pursuant to the Teaming Agreements, AeroTech has partnered with a certain established and well-recognized defense contractor with existing aviation services and other contracts. Together with its teaming partner, AeroTech, as either the prime contractor or the sub-contractor, has submitted five bids/proposals to the U.S. military and to certain foreign militaries to provide aerospace/defense services. Although no assurances can be given, the Company believes through its acquisition of AeroTech that it will be awarded some of the referenced contracts.
TADF also gains through its acquisition of AeroTech a Sole Source Justification and Approval from a division of the U.S. Army to provide Electronic Attack, Electronic Protect, and Electronic Support for airborne, ground, and maritime threat simulation/emulation, weapon system simulation, threat representative aerial target presentation, and other asset services in support of program requirements. Although no assurances can be given, the Company believes through its acquisition of AeroTech that it will be awarded a contract to perform the requested services.
The management team of AeroTech, including Col. Scott Patterson, Chief Operating Officer, and Mark Daniels, President, and will remain in their respective positions at AeroTech, as a subsidiary of TADF, and will be integral to driving forward the business strategy of the Company and AeroTech.
Upon closing of the acquisition and pursuant to the terms of the acquisition agreement, TADF will purchase 100% of the outstanding shares of AeroTech for consideration of 5 million shares of its Series C Preferred stock. Closing of the transaction is subject to final completion of all documentation and approval by the board of directors of TADF, and is anticipated within thirty days.
Alexis C. Korybut, Chief Executive Officer of TADF, stated, "We are very pleased to announce the execution of an agreement to acquire AeroTech. This acquisition brings us valuable assets and opportunities through the Teaming Agreements and the U.S. Army J&A, as well as a management team that has repeatedly proven its ability to acquire military aircraft and provide aerial services to the U.S. and foreign militaries."
NeoSage: At least it is better than a (three word post) Why don't you contact http://www.defenseindustrydaily.com/ and tell them what you told me.
I'm sure they would love to hear from you, so that they could set you straight. Who knows, they might explain things with (five words or more.)
$TADF
Hawker Beechcraft Begins Low-Rate Production of Beechcraft AT-6
FARNBOROUGH, U.K. (July 9, 2012) – Hawker Beechcraft Defense Company (HBDC) today announced it has entered low-rate initial production of its Beechcraft AT-6 light attack aircraft at the company’s facilities in Wichita, Kan. The company initiated low-rate production in response to significant indications of interest around the world for the AT-6, the most capable, affordable and sustainable light attack and armed reconnaissance platform.
http://www.defenseindustrydaily.com/
$TADF
Oh hum, Oh hum, another week, another empty keg of rum.
BOGOTA, July 12 (UPI) -- Two crew members died when a Colombian air force plane was shot down and crashed in the southwestern Cauca region, officials said.
Regional officials said the Super Tucano aircraft allegedly was shot down by Revolutionary Armed Forces of Colombia guerrillas Wednesday night, Colombia Reports said Thursday.
Colombian radio station Caracol reported the aircraft was downed over Jambolo while on an operation against FARC rebels in the area.
A man identifying himself as a FARC follower told local media the bodies of the two crew members were found at the crash site.
http://www.defenseindustrydaily.com/
$TADF
Hawker Beechcraft, Inc. signed an exclusivity agreement that may lead to an acquisition by Superior Aviation Beijing from China for $1.79B. This deal explicitly excludes Hawker Beechcraft Defense Company (HBDC) which would remain a separate entity.
$TADF
Brazilian pilot died in A-29 Super Tucano he was flying during training near Campo Grande. Saturday, July 09, 2012.
A Brazilian pilot died on Saturday in the crash [in Portuguese] of the A-29 Super Tucano he was flying during training near Campo Grande.
http://www.defenseindustrydaily.com/Rapid-Fire-July-9-2012-07458/#more-7458
Embraer, Hawker Beechcraft face off again over planes for Afghanistan
The U.S. Air Force expects to announce the new winner early next year, but the aircraft haven’t been requested for delivery until 18 months after that – as U.S. troops are supposed to be winding down their deployment in Afghanistan.
Embraer, however, is concerned about getting a fair shake in the new competition, the outcome of which will affect not only the two companies, but also possibly the future of growing Brazil-U.S. military cooperation as well as the prospects for U.S. defense companies seeking to do business in Brazil.
Read the complete news report, just click below.
http://www.mcclatchydc.com/2012/06/15/152506/embraer-hawker-beechcraft-face.html
Cardinal, it was TADFpink for a long time, but Yahoo rejected it and said it was now just TADF, anyway everything is working just fine, still not making any money. Anyway I agree with everything you say.
$TADF
Cardinal, my portfolio is listed on Yahoo, it stopped giving me information because it said (tadf) is listed as TADF now, what does this mean?
Changed it to TADF and everything works now.
Gentlemen, I cannot speak for Cardinal, but I am satisfied with what my cost per share is, and it is not as high as the both of you think.
I have been buying at .0005 my last order was for 700,000, now Cardinal and I are not as stupid as some of you think. If Moon reads this, Moon just have all the shares that I need, I'm not greedy.
Cardinal & I have the right to say what we believe, it's just our opinion, people try to tell you what to say, & what to do, that's what is wrong with the world.
$TADF
Cardinal, would you explain to JJohn21, why we would not recommend buying TADF at this time, I just do not have the time to tell him that I have millions of shares, and do not plan on buying anymore, even if the price went down to .0002, and if you stay in and live long enough something good may happen, which I believe will.
You and I, between us have enough shares if the price ever went to $1 to buy the state of Arkansas and give everyone free rent.
I hate to tell someone that everything is great & fine, then at a later date the bottom falls out. It would be like a farmer selling a basket of apples to someone, on top the apples are pretty & really look great, but when they get home, they find rotting apples on the bottom.
Now if someone wants to buy TADF, that's their decision, but at this time I would not recommend it, that is just my opinion.
Cardinal, you explain it to JJohn21, you do a better job than I do.
$TADF
Cardinal, I agree with you, would not recommend anyone to buy TADF at this time, and unlike some, agree with you most of the time.
This 5 to 6, and then 6 to 5 has been going on for several months, it just about makes me want to drink 2 qt of malt liquor instead of 1.
Anyway am long like you, no way I can get out of it. Just hope some good news will eventually come.
$TADF
Gee, lot's of excitement on here, not one post in 4 days, guess I get the trophy.
Oh well, guess everybody is on vacation, we here is CA can not afford a vacation when gas is $4.50 or more a gallon.
$TADF
Vegasmel, would not buy anymore right now, got a few million shares and in a waiting mood, like you.
Waiting for (Moon) to come back with some good information to brighten up my day, because like I said, do not like to go to funerals.
$TADF
THERE IS NO ACTION HERE ANYMORE, WHAT IS EVERYBODY WAITING FOR, THE GRAVESIDE FUNERAL?
5 & 6, 5 & 6 EVERYDAY, EVERY WEEK, NO (PRESS RELEASE) AND TO MAKE THING WORST, I DO NOT LIKE TO GO TO FUNERALS.
$TADF
Well gentleman, I was just speaking about the close, .0005.
Sorry if I caused such a uproar, I beg your forgiveness. But with my old glasses, which are only 5 months old and at California time of 8:00 a.m. the price is still at .0005.
I'm just like everyone else, would like for it to close at $1 today, if it did you would never see another post from me.
Hope everyone has a nice day. It's going to be summertime here today.
Gee, I better get new glasses, because sure do not see .0007, with my old glasses I see .0005.
Just had cataracts removed from left eye, this month the right eye, then maybe will be able to see a (7) instead of (5), sure hope so.
$TADF
Hey (Moon) do we have to wait to the 4th quarter to see the 1st quarter?
Notification that Annual Report will be submitted late
Not much action, nothing to read, most everyone gone on vacation, I guess.
$TADF
Sierra Nevada filed a court motion in the botched Light Air Support award. They would like to see the content of the Air Force’s investigation to assess whether a recompete is really warranted.
From: Defense Industry Daily (DID)
The Air Force expects to decide on a contract winner in early 2013, it said in its statement.
That would mean the first aircraft delivery would be made in the third quarter of 2014, a delay of about 15 months, the Air Force said.
(moon) may as well leave you all of my shares, because I'm going to die of old age before we reap anything from TADF
Moon, check it out:
- Notification that Annual Report will be submitted late (NT 10-K)
Date : 03/30/2012 @ 3:54PM
Source : Edgar (US Regulatory)
Stock : Tactical Air Defense Svcs (QB) (TADF)
Quote : 0.0006 0.0 (0.00%) @ 5:00PM
Moondogaz, you sure did beat me by two days, it must have been the quart of malt-liquor that slowed me down.
Ha, but my post was longer than yours.
$TADF
Hey Homeland, was giving update, the information was on 03/29/12 from (New York/Washington) (Reuters) & also from the (NYT) which information is newer than past information.
Super Tucano Counter-Insurgency Plane Makes Inroads Into Africa
Embraer’s EMB-314 Super Tucano trainer and light attack turboprop continues to rack up global orders, solidifying its position as the globe’s pre-eminent manned counter-insurgency aircraft. The latest order set of about $180 million expands the plane’s footprint into 3 African states: Angola, Burkina Faso, and Mauritania. They join Brazil, Chile, Colombia, the Dominican Republic, Ecuador, and Indonesia as customers for this aircraft.
The Super Tucano is known as the A-29 or ALX in Brazil, but abroad, it’s the EMB 314 successor to Embraer’s widely-used EMB 312 Tucano trainer. The Super Tucano offers better flight performance, armoring and wing-mounted machine guns, plus weapons integration with advanced surveillance and targeting pods, precision-guided bombs, and even air-to-air missiles. This makes it an excellent territorial defense and close support plane for low-budget air forces, as well as a surveillance asset with armed attack capability. Brazil uses it this way, for instance, alongside very advanced EMB-145 airborne radar and maritime patrol jet platforms. Meanwhile, in Africa…
In March 2012, Embraer announced that the total value of all 3 contracts, including “extensive” support, training, and replacement parts packages, comes to “more than $180 million.”
Angola, on Africa’s southwestern coast, has ordered 6 Super Tucanos for counter-insurgency roles, with the first 3 to be delivered in 2012.
Angola is an authoritarian regime, and the country’s economy would be in desperate shape if not for recent oil drilling activity off of its coasts. A 2010 report by the conservative US Heritage Foundation tabbed Angola as China’s #1 supplier of oil, passing Saudi Arabia. The country went through a long civil war that lasted from the 1980s to 2002, and the northern enclave of Cabinda is still a focus of separatist activity. The regime maintains a sizable and advanced fighter force by African standards, but questions abound as to how many of the of those Soviet and Russian fighters are still operational.
Burkina Faso is a landlocked country in West Africa. They have already received their 3 Super Tucanos, and are using them on border patrol missions. Adding the Super Tucanos gives the country operational fixed-wing combat aircraft again, though they’re also an AT-802 Air Tractor customer. The AT-802U variant can easily be reconfigured for armed roles, or act as the locust sprayer the country’s AT-802 was purchased to be. In that part of the world, the locusts are a security risk that can easily measure up to any regional turmoil.
Burkina Faso has a good record of free and fair elections by African standards, and dealt with widespread spring 2011 protests through the political process. Its neighbors are Benin, Ghana, Ivory Coast, Mali, Niger, and Togo, some of whom harbor regional turmoil that risks spilling over. The Super Tucanos should help to keep an eye on things, and provide a low-key deterrent to trouble. The country also works to hedge this risk by being a member of the USA’s Trans-Sahara Counterterrorism Partnership (TSCTP).
Mauritania, on Africa’s northwest coasts, is simply mentioned as a customer that “chose the A-29 Super Tucano to carry out counter-insurgency missions.” The country has a very small air force, and its 3-4 ex-French EMB 312 Tucano aircraft are old. Given the overall order total given, and generally understood costs for the Super Tucano, they may have bought just 1 aircraft, or even no aircraft for now.
SugarCoat, you are way ahead of me in news. But thanks for your comment.
(Moondogaz) From: NYT
The business jet maker Hawker Beechcraft is readying a bankruptcy filing, people briefed on the matter said on Wednesday, dealing a blow to its private equity owners, Goldman Sachs and Onex Partners.
Hawker, which is based in Wichita, Kan., said on Tuesday that it had obtained $120 million in additional loans to buy it time to fix its balance sheet. In exchange, a majority of the company’s debt holders agreed to defer some interest payments and grant relief from loan covenants.
One of the options Hawker and its advisers are considering is a prearranged Chapter 11 filing that has the consent of those lenders, principally a number of hedge funds, said these people, who spoke on condition of anonymity. Among them are the hedge funds Centerbridge Partners and Angelo Gordon.
A Hawker bankruptcy would be put an end to a 2007 private equity deal that was troubled almost from the start. The company was formed when Goldman and Onex, the largest private equity firm in Canada, bought Raytheon’s private jet unit for $3.3 billion, hoping to seize on the fervor for private jets.
Hawker hit rough times soon afterward, as a recession wiped out many discretionary expenditures like private jets. The company laid off about 2,500 employees, and lost billions of dollars as customers like NetJets canceled orders for new aircraft.
Within two years of the leveraged buyout, Goldman’s buyout arm told investors that it had written down the value of the company by 85 percent.
As of Sept. 30, Hawker had more than $2 billion in long-term debt and $146.7 million in cash and short-term investments. It posted an $88.6 million loss for the third quarter of last year, its seventh in a row as its revenue slid to $518.8 million.
A representative for Hawker Beechcraft declined to comment. News of a potential bankruptcy filing was reported earlier by Reuters.
Hawker has made several efforts to fix its business, including by hiring the boutique investment bank Perella Weinberg Partners and the law firm Kirkland & Ellis. Last month, Hawker named Robert S. Miller, the former head of Delphi Automotive and a restructuring specialist, as its chief executive.
Mr. Miller said in a statement on Tuesday that while the company had taken steps to improve its operations, its debt load is weighing heavily on its turnaround effort.
“We believe this agreement will stabilize the company’s current financial position and ensure Hawker Beechcraft continues manufacturing the best airplanes for our customers and providing first-class service and support,” he said.
A bankruptcy filing of Hawker would be another loss for Goldman’s buyout arm, which is contending with a number of troubled investments. Chief among them is Energy Future Holdings, the Texas utility giant formerly known as TXU, whose value has plummeted along with the price of natural gas. Goldman’s real estate private equity funds have also struggled.
The unit’s own future is uncertain, given new financial regulations to restrict a bank’s ownership of investment operations like private equity.
Follow up on (35 minutes ago)
Hawker has a huge debt load stemming from its 2007 leveraged buyout and was hit especially hard by a sharp decline business jet sales after the financial crisis.
One of the sources familiar with Hawker's management thinking said that the company's business plan had projected a recovery in the business jet market beginning in 2010, but that had only started to materialize this year.
Earlier this year, Hawker lost a contract to build 20 light attack planes for the U.S. Air Force, losing out in the bid to U.S. defense contractor Sierra Nevada Corp and Embraer.
The Air Force later cancelled that contract citing inadequate documentation for the decision, giving Hawker -- which had challenged the contract award -- a chance to compete. But no details have been released on the follow-on competition and it remains unclear whether the financially distressed company has a better chance of winning this time.
35 minutes ago:
NEW YORK/WASHINGTON (Reuters) - Hawker Beechcraft Inc, the aircraft manufacturer owned by Goldman Sachs Group Inc's private equity arm and Onex Corp , is preparing to file for bankruptcy protection in the next several weeks, according to people familiar with the matter.
Hawker, which was bought by the private equity firms in 2007 for $3.3 billion, is negotiating a prearranged bankruptcy with its largest lenders, which include Centerbridge Partners, Angelo Gordon and Capital Research & Management, the sources said.
Hawker and Onex declined to comment. Goldman Sachs and the lenders were not immediately available for comment.
Centerbridge, a New York-based investment firm focused on leveraged buyouts and distressed investments, is the biggest lender, the sources said.
Embraer reached [PDF] $5.8B of revenue in 2011 – an 8.2% growth rate. The company’s results reflect the challenges of emerging economies last year, with appreciation of the national currency against the US dollar combined with rapidly-increasing labor costs. Defense grew by $30B to $852B in sales or 14.7% of the total, behind executive aviation and dwarfed by commercial planes which have gained most last year. The defense backlog is stable at $3.3B or 21.4% of the total backlog.
$TADF
Cardinal, they may be dumping, but someone or whatever is buying.
Sure a lot of volume for one & half hours, almost 12,000,000 if people are bailing out, someone must be bailing in, because the minute someone puts their stock up for sale, someone buys it.
$TADF