Well i guess when your primary business is UAV's and their primary missions are to bring stuff down what better guy could you put on your Board then Jay freaking Wright. After all he's VERY good at bringing things down... though it's usually stock prices of companies he is involved with. Glad I do not own any Vought.
DUNEDIN, Fla., April 6, 2010 /PRNewswire via COMTEX/ -- Vought Defense Systems, Inc. (Pink Sheets: VDSC), a provider of UAV systems and other solutions for the United States government, announced today that Jay Wright has joined the company's board of directors and will be serving as a consultant to the company. Mr. Wright brings significant experience in the government contractor space to Vought Defense Systems. In 2002-03, he was chief financial officer of TAMSCO, a $115 million revenue government contractor, which he helped sell to Engineered Support Systems of St. Louis. He was a founding shareholder of Chesapeake Government Technology, a government contractor which merged with Widepoint Corporation, an American Stock Exchange listed public company, in 2004. He is currently chairman of Microlog Corporation (MLOG), a provider of software solutions to U.S. military medical hospitals and state governments (). He also serves as chairman of Kingdom Development Company, a company in the K-12 online school industry, a board member of government contractor Clear Government Solutions () and as chairman and chief executive of Mobilepro Corp., a telecommunications provider. Mr. Wright started his career as a mergers and acquisitions attorney at Foley & Lardner in Chicago and Skadden, Arps in New York and then worked as an investment banker for Merrill Lynch. Mr. Wright graduated from Georgetown University with a Bachelor's degree in Business Administration, summa cum laude, and earned his law degree from the University of Chicago where he was awarded an Olin Foundation Scholarship in Law and Economics. Edwin Salmon, Chairman and CEO stated, "We are thrilled to have Jay join our board of directors and bring his extensive background in mergers and acquisitions, public markets and government contractors to the company." Jay Wright said, "I am pleased to join Ed and his team in looking to build a large profitable company. I look forward to contributing to the company's growth and success." About Vought Defense Systems Corp.: Vought Defense Systems Corp. is a holding company which owns and operates through its wholly owned subsidiary, RedTide Defense Group, Inc. () which is a manufacturer of UAV (Unmanned Aerial Vehicles). The Company has created an inexpensive and, it believes, technically superior solution to the growing $6 billion dollar a year worldwide market demand for UAV's. The Company is looking to grow both organically and through acquisitions.
