Tempus Applied Solutions Holdings Inc fka TMPS

[AJH92]

Now confirmed that any USN AAR contract for 2020 will be via a new bid process that will have to be started ASAP to be in place in time.

In my opinion, this makes use of the fast-track ID/IQ MAC process - for which the Industry Day has already been held in September 2019 - almost certain.

The contract awarded to $TMPS on April 24, 2019 - protested twice by competitor Omega - with protests denied - has now been formally cancelled.

In a letter dated October 8th, 2019, the Navy has informed Tristar that as a consequence of litigation related to the Government’s procurement of this contract the Navy is de-scoping the entire remaining effort under the contract and no further work will be performed under this contract and all existing task orders.

Form 8-K filed October 11, 2019 refers

https://www.otcmarkets.com/filing/conv_pdf?id...qCTdHNVFth

This also makes it clear that it is the way the USN handled the bidding process that is the basis for the cancellation.


See my earlier authoritative posts regarding likely competitors for a CAS AAR ID/IQ MAC:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=150890616

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=150884205