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or maybe we get a nice little 50 mil refueling contract with the navy...anything is possible Robert...cheers
maybe a shareholders party in reno and a day tour of the properties...that would be cool...might see a 10 cent move on that alone...cheers
gm all...thank you all for the great DD you all do and for trying to keep things civil on the board...cheers
lester what are you thinking we may hear soon...anything new?
something tells me after you make that trip and turn the last bend you will find a claim that perry staked...cheers
I sure hope you realize that we are 1 contract away from not having our azz in the wind here and it could happen anytime...ofcourse I do understand the hoping in 1 hand and $%^&** in the other thing too...cheers
if I'm being completely honest with you, it does upset me that they put that deal together with ghs and that mark dude and possibly marekeet or parakeet or whatever the f@#K his name is, but its water under the bridge now and am hoping for contract news to take that risk out of it. I just cant figure why the largest holder would not be the bank...he has the most to gain here...cheers
my hope is that they don't use or need much of this offering because of new contracts. I don't like it but understand that you must do what you have to and this must be it...cheers
yes indeed brother, God help us all...cheers
ABBA, I don't know about what he thinks but what do you think about this?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=122224589
the float is so small I guess you mean naked shorting...I dunno but that looked like a blow off bottom to me and news will send us...cheers
I don't know how accurate this is but is says out of the 544k volume we had, 63k of it was short volume....cheers
http://www.volumebot.com/?s=tmps
when you think about it...trying to do any kind of mining in Kali was an uphill battle from the start and it didn't help that they could find any on top of all that...lol...cheers
is it possible that the S1 is being exercised already?
we could use that news about right now....
how about next week... :)~ ...great logic and exactly right...congrats on finding this so early too...cheers
that's the 1 post I cant argue with...congrats...doesn't mean I like reading them...and the past is something no one should live in...TMPS is not and we are moving forward with all kinds of things coming up...new board members PR...contract's PR...uplist PR...its all good Roberto...cheers
hey that is something...I just looked and we are on the breakout board, most read board, and most posted board...I guess I need to exhaust all my post's everyday...lol...cheers
its kinda hard to look at troubled areas and war type situations as growth opportunities for us but that in fact is exactly what it is...and there's a lot of it out there and we are a DOD contractor which is why they said in the S1...
2. Significant Barriers to Entry
Significant entry barriers exist in our business and market due to the knowledge, regulatory licensing and capital required to purchase, modify, and maintain specialized aircraft assets. Our management team maintains a deep knowledge of both the commercial aviation and U.S. government special mission aircraft industry, which allows us to mobilize customized solutions that meet the specifications of our customers. Our personnel have earned the security clearances required to support various agencies within the DoD and intelligence community. Our leasing model is well-positioned to be of benefit to U.S. government contractors that generally have not wanted to own or manage aircraft assets due to their unwillingness to carry high levels of capital assets. Traditional leasing firms do not hold the requisite expertise, market knowledge or security clearances to address the unique U.S. government end customer.
5. Providing three Pilatus PC-12s with advanced ISR equipment for deployment in Africa, in 56 days.
with all that's happening there, this is very interesting to me...cheers
I'm sorry camvvv, I don't do FB...but no reason not to do it...and it can only get the story out there faster...cheers
everyone that's invested here knows its not going to happen overnight but it will happen and that's what counts. this isn't a buy at .00005 and sell at .0001 stock like most of the players are used to, so if that's what they want , they should just move on...end of story...cheers
Key Bullitt points on S1....
1. Growth Strategy
Re-enter the Market for Turnkey Solutions for Government Customers
Our CEO, Mr. Terry, has previously run, grown and sold two companies that provided turnkey commercial aviation services for government customers, namely Flight International and Orion Air Group Services (“Orion”). Upon the sale of Orion, which was founded by Mr. Terry, he entered into a non-compete agreement which has expired. Our management and employees retain extensive relationships in the previously restricted market.
2. Significant Barriers to Entry
Significant entry barriers exist in our business and market due to the knowledge, regulatory licensing and capital required to purchase, modify, and maintain specialized aircraft assets. Our management team maintains a deep knowledge of both the commercial aviation and U.S. government special mission aircraft industry, which allows us to mobilize customized solutions that meet the specifications of our customers. Our personnel have earned the security clearances required to support various agencies within the DoD and intelligence community. Our leasing model is well-positioned to be of benefit to U.S. government contractors that generally have not wanted to own or manage aircraft assets due to their unwillingness to carry high levels of capital assets. Traditional leasing firms do not hold the requisite expertise, market knowledge or security clearances to address the unique U.S. government end customer.
3. High Switching Costs for Customers
Our strategy is to integrate, and then provide ongoing operational services for, aircraft that will be subject to extensive non-flight-related modifications, including VIP passenger accommodations for commercial customers and surveillance and communication technology for U.S. government end users. These solutions are highly engineered and place high switching costs on the customer due to the modification costs, which can total up to 50% - 200% of the base value of the aircraft, and prolonged aircraft downtime, typically 6 to 18 months, associated with modifying and outfitting an aircraft with the desired equipment. The combination of additional cost and increased time on the ground mitigates contract recompete risk for us.
4. Air-to-air Refueling
On August 14, 2017, we announced that we have entered into a definitive purchase agreement for the acquisition of six Lockheed L-1011s formerly owned and operated by the Royal Air Force (RAF) of the United Kingdom. Four of these aircraft are specifically configured for air-to-air refueling (AAR) operations and the remaining two are configured for passenger and cargo operations only. Although the aircraft served the RAF and NATO for 30 years until their retirement in 2014, the aircraft have many years of service life remaining. The L-1011s have been in flyable storage in the UK since their retirement. The closing of the acquisition will take place following satisfactory inspection of the aircraft and associated log books and support equipment.
We intend to utilize three of the AAR configured aircraft while the additional three aircraft will be used as spare parts. Marketing of the aircraft for contractor owned/operated AAR operations will begin immediately with a focus on the US Navy, NATO, and other allied air forces which require hose and drogue AAR services. The aircraft are currently registered in the United States and will be ferried from the UK to an existing TAS base of operations in the continental USA upon acceptance and the completion of required maintenance.
5. Providing three Pilatus PC-12s with advanced ISR equipment for deployment in Africa, in 56 days.
6. We may seek to list on the NASDAQ Capital Market at some time in the future, and as a result, when practicable, we will seek to comply generally with NASDAQ corporate governance requirements on an ongoing basis.
In summary, no one here wants to talk about the future of TMPS.
just not your twisted negative version of it...arguing with all your Id's is really tiring...cheers
exactly right...this will come together way faster than anyone thought...this is my last post of the day but I'm hearing that Mario, Roberto and penis envy, read this and are going long too...lol...so there is hope for everyone...cheers all
lol...cheers
we still have to get over the hump but the worst is over and when news hits on the dollar value of new contracts its clear sailing then brother...cheers
ha ha malc...hope everything is good with ya...
like I said in a prior post, they never needed to salt that mine because that 1950's photo of the lady at the bank with the largest dang nuggets... sure did the trick... you look at those and think, man if they pull one of those out of that hole now and it gets on the news we are headed for dollar land...lol...gotta hand it to perry...cheers
that's all the nuggets...next is news of contracts and then uplist...cheers
Director and Executive Officer Qualifications
We have not formally established any specific, minimum qualifications that must be met by each of our officers or directors or specific qualities or skills that are necessary for one or more of our officers or members of the board of directors to possess. However, we expect to generally evaluate the following qualities: educational background, diversity of professional experience, including whether the person is a current or was a former CEO or CFO of a public company or the head of a division of a prominent international organization, knowledge of our business, integrity, professional reputation, independence, wisdom, and ability to represent the best interests of our stockholders.
We believe that the above-mentioned attributes, along with the leadership skills and other experiences of our officers and director provide us with a diverse range of perspectives and judgment necessary to facilitate our goals of shareholder value appreciation through organic and acquisition growth.
Number and Terms of Office of Officers and Directors
The term of office of Mr. Terry will expire at the third annual meeting of stockholders following the consummation of the Business Combination.
Our officers are appointed by the board of directors and serve at the discretion of the board of directors, rather than for specific terms of office. Our board of directors is authorized to appoint persons to the offices set forth in our amended and restated bylaws as it deems appropriate. Our amended and restated bylaws provide that our officers may consist of a chairman of the board, chief executive officer, president, chief financial officer, vice presidents, secretary, treasurer and such other officers as may be determined by the board of directors. Collectively, through their positions described above, our officers and director have extensive experience in aviation, private equity businesses, public companies and government services.
Governance
We may seek to list on the NASDAQ Capital Market at some time in the future, and as a result, when practicable, we will seek to comply generally with NASDAQ corporate governance requirements on an ongoing basis.
Classified Board of Directors
Our charter provides for a board of directors classified into three classes, as nearly equal in number as possible, whose terms of office expire in successive years. However, our board of directors currently consists of one director, as set forth above.
Committees of the Board of Directors
Because our Board of Directors currently consists of only one member, there are no Board committees at present.
Code of Ethics
We have adopted a code of ethics that applies to our officers and directors. We have filed a copy of our code of ethics as an exhibit to our registration statement in connection with our initial public offering. You may review it by accessing our public filings at the SEC’s web site at www.sec.gov. In addition, a copy of the code of ethics will be provided without charge upon request to us.
Director Compensation
For the year ended December 31, 2016, our non-employee directors accrued the compensation indicated below. Mr. Terry, our CEO, also serves as a director, but he receives no additional compensation for his service as a director and his full compensation is reflected in the Summary Compensation Table, above.
Properties
We do not own any real estate or other physical properties materially important to our operations. Our executive office is located at 471 McLaws Circle, Suite A, Williamsburg, Virginia 23185.
We lease hangar and additional office space at 2080 Airport Drive, San Marcos, Texas 78666.
We consider our current office and hangar space adequate for our current operations.
Legal Proceedings
To the knowledge of our management, there are no material legal proceedings currently pending or contemplated against us, any of our officers or directors as such or against any of our property. In February 2017, a lawsuit was filed by a former counterparty of certain businesses affiliated with our CEO, Benjamin Scott Terry, and one of our Board members, John G. Gulbin III, against such businesses and individuals, alleging claims for damages in the approximate total amount of $10 million. Tempus Applied Solutions Holdings, Inc., was also named as a defendant in that suit. We do not believe that the allegations in the complaint involve us in any way, and we expect the suit against us to be abandoned or dismissed. However, there can be no assurance as to the outcome of this matter.
MANAGEMENT
Directors and Executive Officers
We currently have one director and two executive officers:
Name
Age
Position
Benjamin Scott Terry (a)
51
Chief Executive Officer and Director
Johan Aksel Bergendorff
39
Chief Financial Officer
(a)
Class III director (to serve until the third annual meeting of stockholders following the Business Combination).
Benjamin Scott Terry has served as our Chief Executive Officer since the closing of the Business Combination. Prior to the closing of the Business Combination, Mr. Terry served as Chief Executive Officer of Tempus since December 2014. Mr. Terry founded Tempus after 22 years of experience in U.S. government and corporate aviation. A former naval aviator, Mr. Terry has a strong track record of success while holding executive positions at Merrill Lynch & Co., Flight International, Inc., and Bombardier Aerospace. He has an undergraduate degree in Economics and an MBA from Boston University. Additionally, he completed a postgraduate study program in International Law from the University of London. Prior to returning to the United States to continue his career in aviation, Mr. Terry was admitted as a Ph.D. candidate in Finance and Trade at City University Business School in London. Mr. Terry is well qualified to serve on our board of directors due to his background in aviation and aviation services and his executive experience.
Johan Aksel Bergendorff was named Chief Financial Officer of the Company effective June 11, 2017, following the departure of Steven Bush from that position. Mr Bergendorff started his career with Ernst & Young before he joined PricewaterhouseCoopers (“PwC”), where he spent four years in Copenhagen, Denmark, before relocating to London in 2010. In 2014, he left PwC to join an international Corporate Finance boutique, as senior M&A advisor. Mr Bergendorff works as Manager of Tempus Intermediate Holdings and as a full time consultant for Jet Support Services Ltd, an affiliate of Santiago Business Co. International Ltd., and other companies under common control with the Company. Mr Bergendorff holds a B.Sc. in Mathematics & Economics and an M.Sc. in Audit & Accounting, both from Copenhagen Business School, Denmark. In addition, he is a CFA charterholder.
Air-to-air Refueling
On August 14, 2017, we announced that we have entered into a definitive purchase agreement for the acquisition of six Lockheed L-1011s formerly owned and operated by the Royal Air Force (RAF) of the United Kingdom. Four of these aircraft are specifically configured for air-to-air refueling (AAR) operations and the remaining two are configured for passenger and cargo operations only. Although the aircraft served the RAF and NATO for 30 years until their retirement in 2014, the aircraft have many years of service life remaining. The L-1011s have been in flyable storage in the UK since their retirement. The closing of the acquisition will take place following satisfactory inspection of the aircraft and associated log books and support equipment.
We intend to utilize three of the AAR configured aircraft while the additional three aircraft will be used as spare parts. Marketing of the aircraft for contractor owned/operated AAR operations will begin immediately with a focus on the US Navy, NATO, and other allied air forces which require hose and drogue AAR services. The aircraft are currently registered in the United States and will be ferried from the UK to an existing TAS base of operations in the continental USA upon acceptance and the completion of required maintenance.
Representative Experience of our Personnel
Special Mission Modification and Aircraft Leasing
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Providing three Pilatus PC-12s with advanced ISR equipment for deployment in Africa, in 56 days.
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Providing Bombardier Global Express aircraft with advanced ISR equipment for the U.S. Air Force.
Wide Body Aircraft VIP Interior Conversions
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Boeing 777 for head of state.
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Airbus A-340 for corporate client.
Customers
We market to a global customer base of U.S. and foreign governments, corporations, heads of state, high net worth individuals and others. Customers and prospective customers include agencies in the U.S. intelligence community, the DoD, the U.S. Air Force, Army and Navy, the U.S. Department of Homeland Security and large prime U.S. government contractors.
Competition
We believe that our expertise, certifications and U.S. government security clearances allow us to compete effectively within our target markets. In the special mission modifications and leasing markets, we compete with companies that provide ISR and data acquisition modification solutions to both turboprop and business jet aircraft for government customer users. These companies include Orbital ATK, Dynamic Aviation, L-3 Communications, Field Aviation, Israel Aerospace Industries and Sierra Nevada. Within the design and engineering market, we compete with companies that have wide body completion data licenses, including Associated Air Center, Comlux, Greenpoint and Jet Aviation.
Employees
We currently have 11 employees, including 7 in operational roles and 4 in executive and administrative roles. Consistent with industry practice, the Company utilizes contract labor on an as-needed basis, which can range between ten and 50 people, depending on the scope of the contract.
Expand into International Markets
International markets provide attractive opportunities for both leased and managed aircraft. International lease programs tend to be more comprehensive than domestic opportunities and guaranteed for longer terms, as many international governments are not bound by the one-year budget cycle of the U.S. government’s appropriations process. Aircraft management customers with significant international flight operations are attractive to us, given their requirements for long-range and expensive aircraft.
Address Key Aviation Regulatory Mandates with Design and Engineering Capabilities
Regulatory mandates for FANS 1/A began in 2013 in the U.S and abroad, and will require FANS / ADS-B compliance on certain preferred air routes on a rolling basis over the next five years. NATS will require FANS 1/A technology at optimum altitudes, expanding to most of the North Atlantic airspace by 2017. Non-compliant aircraft will be prohibited from this airspace, increasing total trip distance, time, fuel emissions and operating costs. We have proactively expanded our design and engineering capabilities relating to FANS 1/A, providing legacy Gulfstream aircraft owners a fully integrated approach to becoming compliant.
Opportunistically Invest in Aircraft
We will draw on years of experience to identify transactions that offer the opportunity to realize superior returns over the life of an aircraft and benefit from the arbitrage gained from transitioning and modifying idle or undervalued aircraft into configurations that provide valuable services to the owner or end user. We seek aircraft investments that have the following characteristics:
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Aircraft under contract to the U.S. or foreign government agencies;
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Business aircraft expected to retain attractive residual value;
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Business aircraft supported by an efficient worldwide commercial infrastructure; and
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Highly modified business aircraft.
Capabilities
Flight Operations
Our personnel have extensive experience providing clients with 24/7/365 dispatch and operations center services. Our comprehensive aviation services include head of state/head of agency transportation, personnel recovery and extraction, fueling, international handling, permits, weather, flight planning, customs clearance and training. In addition, we provide a range of aircraft, crew, maintenance & insurance (“ACMI”) services to high net worth and government clients.
Design and Engineering
Our personnel have differentiated aerospace design and engineering capabilities, which provides us with the ability to design FAA-certified airworthy solutions tailored to the specifications of the end customer to include airborne research and development, command and control, communications interoperability and relay, electronic warfare/threat simulation and ISR. We offer major interior completion projects, including design and materials specifications, renderings and layout of passenger accommodations. FAA-licensed designated engineering representatives assist with project-specific and conformity plans to ensure FAA approval of new technology installations.
Maintenance and Modifications
We expect a significant number of retrofit modifications to be required for high end corporate aircraft as a result of recently initiated government regulatory requirements. In 2013, the Federal Aviation Administration (FAA) instituted a mandate requiring the installation of Future Air Navigation Systems (FANS) 1/A and Automatic Dependent Surveillance-Broadcast (ADS-B) technology on aircraft flying in the North Atlantic Track System (NATS), European and American airspace.
Competitive Strengths
Industry-Leading Expertise
Our executive management team possesses over 25 years of combined experience in the special mission aircraft industry. The team brings a broad deal-sourcing network of trusted relationships within the U.S. government, a blend of asset knowledge and technical expertise and a track record of realizing proceeds from investments through a number of exit alternatives. Since 2009, our executive team has won and led contracts with U.S. government end users in excess of $500 million. Our network of highly trained and experienced technicians offers complex design and engineering capabilities, with expertise covering a wide range of aircraft platforms, and has successfully completed projects with strict parameters and specifications for the U.S. government. Our network of highly trained personnel have designed, integrated, and certified more than 70 aircraft, modified to conduct special mission operations in some of the most remote and harsh environments globally.
Leasing Solution Aligned with the DoD’s Aircraft Utilization Strategy
Downward pressure on acquisition/procurement budgets has made the acquisition of assets difficult for U.S. government agencies seeking customized C4ISR solutions. The rapid advancement of technology will continue to force these agencies to move to a contract leasing model for aviation assets operated according to FAA standards. We are well-positioned to capitalize on this shifting strategy by offering a leasing solution of repurposed aircraft with advanced intelligence, surveillance and reconnaissance equipment as well as new generation command, control and communications systems for expeditionary use in forward deployed areas. By taking advantage of the commercial support network for popular business aircraft with a significant worldwide installed base, our solutions allow U.S. government contractors and their end customers to avoid replicating expensive logistics support tails, which can be costly and highly inefficient for smaller numbers of aircraft.
Significant Barriers to Entry
Significant entry barriers exist in our business and market due to the knowledge, regulatory licensing and capital required to purchase, modify, and maintain specialized aircraft assets. Our management team maintains a deep knowledge of both the commercial aviation and U.S. government special mission aircraft industry, which allows us to mobilize customized solutions that meet the specifications of our customers. Our personnel have earned the security clearances required to support various agencies within the DoD and intelligence community. Our leasing model is well-positioned to be of benefit to U.S. government contractors that generally have not wanted to own or manage aircraft assets due to their unwillingness to carry high levels of capital assets. Traditional leasing firms do not hold the requisite expertise, market knowledge or security clearances to address the unique U.S. government end customer.
High Switching Costs for Customers
Our strategy is to integrate, and then provide ongoing operational services for, aircraft that will be subject to extensive non-flight-related modifications, including VIP passenger accommodations for commercial customers and surveillance and communication technology for U.S. government end users. These solutions are highly engineered and place high switching costs on the customer due to the modification costs, which can total up to 50% - 200% of the base value of the aircraft, and prolonged aircraft downtime, typically 6 to 18 months, associated with modifying and outfitting an aircraft with the desired equipment. The combination of additional cost and increased time on the ground mitigates contract recompete risk for us.
Access to Secure, State-of-the-Art Facilities Strategically Located in Brunswick, ME
We have access to hangar space in Brunswick, Maine which provides facilities for aircraft production support for our customers. The secure hangar facilities, with access to secure, compartmentalized information facilities, are strategically located on the Eastern seaboard, an area with a highly skilled labor force well suited to work on large structures in interior spaces, given the region’s experience with shipbuilding. This location affords us the ability to more cost effectively accommodate systems integration requests internationally. The air station maintains runways and taxiways certified for B-747, A-340, and C-5 aircraft, which will allow us to provide systems integration and modification services on wide body aircraft.
Business Model Provides High Risk-Adjusted Returns
Our business model allows us to achieve monthly lease rate factors ranging from 1.3% to 2.5%, compared to typical commercial monthly lease rate factors of less than 1.0%. The experience and track record of management in this market allow for attractive pricing, as risks are well understood and adequately mitigated. We seek to employ conservative leverage, secured by modified aircraft assets under contract with end users, to be backed by cash flows that can support both interest payments and future investment in the business.
Meaningful Marketing and Cross-Selling Opportunities within Targeted Customer Base
Our strategy of providing turnkey and customized design, engineering, modification and integration services and operations solutions that support aircraft critical mission requirements helps position us to meet other aviation needs of our customers. For example, we expect to be able to procure or broker an underutilized and undervalued asset for a customer and develop the engineering and perform the modifications required to repurpose the aircraft. Once complete, we may sell or lease the repurposed aircraft to the end customer. Ideally, we will modify an aircraft for an operationally specific purpose, after which the customer will hire us to assist in an operational capacity. Cross-selling opportunities such as these should allow us to maintain and expand business with existing customers as well as procure new customers.
Growth Strategy
Re-enter the Market for Turnkey Solutions for Government Customers
Our CEO, Mr. Terry, has previously run, grown and sold two companies that provided turnkey commercial aviation services for government customers, namely Flight International and Orion Air Group Services (“Orion”). Upon the sale of Orion, which was founded by Mr. Terry, he entered into a non-compete agreement which has expired. Our management and employees retain extensive relationships in the previously restricted market.
Continued Additions of Complementary Capabilities
We plan to opportunistically add related capabilities within target end-markets, including through acquisitions.
Capitalize on Demand for Special Mission Modifications and Aircraft Leasing Solutions
The majority of our aircraft will be modified and equipped to perform C4ISR missions, logistics and training support for U.S. government contractors and commercial customers. We expect to maintain our competitive advantage of offering a contract leasing model for aviation assets due to continued downward pressure on acquisition and procurement budgets. The DoD and other U.S. government customers have found contract leasing solutions to be a more nimble procurement method than large aircraft acquisitions.
BUSINESS
The following describes the business historically operated by Tempus Applied Solutions LLC and its subsidiaries under the “Tempus” name as an independent enterprise prior to the Business Combination and as subsidiaries of Tempus Applied Solutions Holdings, Inc. after the Business Combination.
Overview
The following describes the business historically operated by Tempus Applied Solutions LLC and its subsidiaries under the “Tempus” name as an independent enterprise prior to the Business Combination and as subsidiaries of Tempus Applied Solutions Holdings, Inc. after the Business Combination.
We provide turnkey flight operations; customized design, engineering and modification solutions; and training services that support critical aviation mission requirements for such customers as the U.S. Department of Defense (the “DoD”), U.S. intelligence agencies, foreign governments, heads of state and high net worth individuals worldwide; and acquire or lease aircraft in support of our services. Our management and employees have extensive experience in the design and implementation of special mission aircraft modifications related to intelligence, surveillance, and reconnaissance (“ISR”) systems, new generation command, control and communications systems and VIP interior components; the provision of ongoing operational support, including flight crews, maintenance and other services to customers; and the operation and leasing of corporate, VIP and other specialized aircraft.
Our principal areas of expertise include:
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Flight Operations: turnkey flight operations and related support services required by the customer for the ultimate successful execution of its mission, including leasing, planning, maintenance, training, logistics support and other support services; and
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Design, Engineering and Modification: the modification of aircraft for airborne research and development, the addition and upgrading of ISR and electronic warfare capabilities and wide body aircraft VIP interior conversions.
We operate out of our corporate headquarters in Williamsburg, Virginia. We utilize hangar space in San Marcos, Texas to provide facilities for flight training and operations support for our customers in that region. Additionally, we are able to access hangar space in Brunswick, Maine as needed, to provide facilities for aircraft production support for our customers.
Industry
Our industry and target markets are largely influenced by the DoD budget and overall trends in the commercial aircraft and business jet markets.
Defense
The DoD fiscal year 2018 budget request is approximately $639 billion, representing a significant 9.6% increase in proposed spending over the prior year and a change in priority for defense spending in the new administration.
Commercial Aircraft
Commercial aircraft activity continues to rebound from the financial crisis. According to the International Air Transport Association, international passenger air traffic increased 9.6% year-over-year as of January 2017 compared to the same period in 2016. Business jet deliveries fell in 2016. Business jet deliveries declined an estimated 3.2% in 2016 compared to 2015, according to Jetcraft’s most recent market analysis, although long-term forecasts suggest that growth may return to the business jet market in 2018.
Aircraft Leasing
The U.S. government has adopted a strategy of employing the custom integration of sensors and command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) solutions into existing aircraft to support intelligence and communication activities in forward deployed areas. According to the U.S. Government Accountability Office, the U.S. government owns and leases over 1,700 aircraft, which play a critical role in supporting various agencies’ mission-related responsibilities and operations. As acquisition and procurement budgets have tightened, government customers have increasingly turned to contract leasing solutions through operations and maintenance funding to reduce up-front cost and “red tape” associated with large procurement processes.
hey I just saw a bagel somewhere in New York with gold leaf on it along with all kinds of other crap selling for like 4k...lol...not my cup of tea but just sayin...cheers
at any other time lester I would agree with you...but things are so far outta whack right now...its really hard to tell whats going to happen...cheers
you will not be alerted I'm sure so please don't worry about it...cheers
exactly right...they are not ready yet but when they are, can imagine what's going to happen to this stock when they let a few of their analyst buddy's spread the word...it wont be to this chop shop type community with all the .0005 cent stocks with 100 billion shares...no offense but you know what I mean...and then its Nasdaq bound...cheers