There is also a better presentation of their existing multi-year, multi-$M DoD contracts for "special mission aircraft" on this page - rather than just a heading list linking PRs that was on the old website:
Note the following in the completely new, comprehensive company presentation in the new website [there was no such presentation in the old website]:
- Scott Terry back as CEO [Investor Section - Photo Caption + narrative]
- 3 x L-1011 (Tristar) pending FAA Part 125 operating approval.
- Phoenix, AZ stated as the operating base for the 3 x L-1011 - only 300 miles from March Air Reserve Base, CA which is used as the Main Operating Base for military and (Omega) contract tankers refueling USN / USMC aircraft in the South West / Pacific.
In the Blog Section, in the December 8, 2019 announcement of the long-term rental agreement with Virginia Airports Authority appears, Scott Terry is again mentioned as being the CEO again by then.
Regardless of the outcome of the USN 2020 MAC, $TMPS still has a number of multi-year, multi-$M DoD contracts extant making the company worth more than the current market cap if it decides to re-register as a public company.
Also, Omega and $TMPS are the only companies in the world that currently own already converted military tanker aircraft [apart from Airtanker UK which is a specific Private Finance Initiative entity formed for a 27-year contract to provide the entire RAF MRTT capability].
From the recent Airbus video out July 7, we now also know that it takes 9 months to convert a new / pre-owned A330 into an A330 MRTT, that only 5 such conversions can be done per year, and that there is currently a backlog of 17 aircraft to do (3.5 years).
Individually designed conversions - one at a time - of old Boeing 707s - like Omega just started on the former Romanian dictator's aircraft - by small US companies are not likely to take any less time - especially with the requirement to get the actual conversion process certified for airworthiness by the FAA in addition to the basic aircraft itself.
Full-career military veteran now trading OTC stocks for multiple $6-figure profits annually.
All posts are my opinion - trade at your own risk.
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