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tactical air defense service (TADF) Key Developments

Tactical Air Defense Services, Inc. announced delayed 10-Q filing

On 05/15/2013, Tactical Air Defense Services, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

Tactical Air Defense Services, Inc. announced delayed annual 10-K filing

On 04/01/2013, Tactical Air Defense Services, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.

Tactical Air Defense Services, Inc. Prevails in Litigation Receiving Favorable Opinion and Reversal in Searock Lawsuit

Tactical Air Defense Services, Inc. announced that The Court of Appeals, Fifth District of Texas at Dallas, has ruled in favor of the company in its appeal of the $2 million lower court judgment against the company and has reversed the original lower court's ruling and remanded the case back to the lower trial court. As disclosed in company's previous United States Securities and Exchange Commission filings, in 2007, Charles Searock a former employee of the company, filed a claim against the company and other defendants for the alleged breach of an employment agreement and other actions between Searock and International Tactical Training Center, Inc., a company not owned or controlled by company. The company asserted that the claim was without merit, and vigorously defended itself. In 2010, by claiming that the company and the other defendants had been properly served notice of trial, when in fact neither the company nor any of the other defendants received proper notice of trial, were aware of the trial, and therefore were not able to appear in court in order to defend themselves, Searock was fraudulently awarded a default judgment of $2,000,000 against the company. Despite valid arguments by the company's counsel, the lower trial Court denied company's motion for a new trial.

Tactical Air Defense Services, Inc. announced delayed 10-Q filing

On 11/15/2012, Tactical Air Defense Services, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

Tactical Air Defense Services, Inc. Acquires F-5 Aircraft Simulator

Tactical Air Defense Services, Inc. announced that it has purchased an F-5 aircraft mission and procedures cockpit training simulator for $250,000, through its wholly-owned subsidiary, AeroTech Corporation.

 

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Valuation TADF Industry Range
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Price/Sales 191.5x
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Price/Cash Flow NM Not Meaningful
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