IAHL Corporation (IAHL)

[stockrat]

The deeper you dig, the more interesting it becomes.

The Romaero deal entailed a purchase price, but also had a... ready for it? $60M investment requirement as part of the deal. Coincidence? Likely, but it's still worth a few brain cycles. There is an argument that BN defaulted on it's $60M investment and that IAHL will pull them out of the fire in the deal and get Integrity built for their effort.

Romaero has a facility at Baneasa International Airport. Some put the facility near the top of the list for international assembly firms. I've heard but not been able to confirm that they are working on sub assemblies for Boeing and Airbus. Their real estate is worth a few bucks, too.

It's a nice story because it has all the elements that are needed to make IAHL possible. They are all pieces that IAHL needs to put together and the history shows that it can be done because it has been done. This isn't uncharted territory.


The other story I've heard is that there is a deal with BAE to assume it's aerospace division. There was a deal in place with Calspan for $62M but it fell through. Rumor has it that it was a financing issue on Calspan's part. $60M is close enough to the established purchase price to make IAHL's $60M close enough in round terms to the price. BAE has a facility in CA that builds aircraft and drones, so there is the needed facility for Integrity along with a revenue stream.

I don't have a lot of faith in the BAE one. It's been pressed that BAE is in England and thus the trip. The problem there is that BAE aerospace is US based in Maryland and it's supposedly distinct from BAE UK for defense purposes (national secrecy and all that nonsense). The official story is that BAE made another aquisition in OH or PA and that they are going to use that to bolster that division and they pulled out of the deal with Calspan.

I much more prefer the BN story if one had to choose.