TMPS

 
Common Stock SEC Reporting - Current
OTCQB
 

OTC Disclosure & News Service

 

Tempus Applied Solutions Awarded US Navy Electronic Warfare Contract

Jun 08, 2016

OTC Disclosure & News Service

- Tempus Applied Solutions Awarded US Navy Electronic Warfare Contract

Tempus Applied Solutions Awarded US Navy Electronic Warfare Contract

Contract valued at $25 million over five years

PR Newswire

WILLIAMSBURG, Va., June 8, 2016 /PRNewswire/ -- Tempus Applied Solutions Holdings Inc. (OTC: TMPS) announced today that its wholly owned subsidiary, Tempus Jets Inc., has been awarded a five-year contract administered by the Department of Interior for the provision of airborne threat simulation services in support of the Department of the Navy and its Research Development Test and Evaluation (RDT&E) function. The total contract value to Tempus is an estimated $25 million over five years.

Tempus Applied Solutions Logo (PRNewsFoto/Tempus Applied Solutions Holdin)

Tempus will provide the Navy with Tempus owned/operated Learjet 35A and Learjet 60 aircraft that have been heavily modified by Tempus to include threat simulation devices, target towing equipment and military communications capability. Tempus will fly the aircraft in Navy threat simulation and training exercises in the vicinity of U.S. naval bases in the continental United States and Hawaii. Tempus' services will be provided starting in the fourth quarter of 2016, for a period of five years.

"We're honored to have been awarded this contract by the Department of Interior," said Tempus CEO Scott Terry. "We are excited for the opportunity to apply some newer technology and operational processes to the U.S. Navy threat simulation and RDT&E community."

The Navy has relied on specialized, contractor-provided electronic warfare (EW) aircraft and target tow services for more than three decades, in support of critical naval missions and the Navy's surface ship weapons system test and evaluation program. At the completion of testing events of the sort for which Tempus will be providing services, the participating Navy ships will be tasked to carry out operations overseas in support of U.S. national defense policy.

In addition to this assignment for the Navy, Tempus intends to further expand its provision of services throughout the electronic warfare and specialized services community by utilizing its new, highly-modified fleet of EW aircraft.

For more information on Tempus, visit tempus-as.com.

MEDIA CONTACT:
Katherine Terry, public relations manager
press@tempus-as.com | 1-864-901-8114

ABOUT TEMPUS APPLIED SOLUTIONS HOLDINGS INC. (OTC: TMPS): Tempus provides design, engineering, systems integration and flight operations solutions that support critical aviation mission requirements for a variety of customers including the United States Department of Defense, other U.S. government agencies, foreign governments and select corporations and individuals in the private sector. Our experienced team of professionals provides efficient, economical and flexible service that responds to the most challenging demands facing the aviation industry today. Our commitment to safety, security and discretion has earned us a reputation as one of the most forward-thinking aviation companies worldwide. Tempus is headquartered in Williamsburg, Virginia.

FORWARD LOOKING STATEMENTS:
This communication contains forward-looking statements that involve a number of judgments, risks and uncertainties concerning Tempus Applied Solutions Holdings Inc., its subsidiaries and their expected financial and operating performance and plans. Actual events or results could differ materially from those described or implied herein, including as a result of risks described in reports filed with the Securities and Exchange Commission by Tempus Applied Solutions Holdings Inc., and other risks and uncertainties. We do not undertake any obligation to update any forward-looking statements to reflect events or results after the date they were made, whether as a result of new information, new circumstances or otherwise, except as may be required under applicable laws.

TEMPUS APPLIED SOLUTIONS HOLDINGS INC.
133 Waller Mill Road | Suite 100 | Williamsburg, VA 23185
+1 757.969.6188 | +1 800.281.4468 | info@tempus-as.com

Logo - https://photos.prnewswire.com/prnh/20151029/282048LOGO

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/tempus-applied-solutions-awarded-us-navy-electronic-warfare-contract-300281865.html

SOURCE Tempus Applied Solutions Holdings Inc.

Copyright © 2016 PR Newswire. All Rights Reserved


The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.